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5 E Market Street, Jonestown, PA 17038
$385,000
5 E Market Street, Jonestown, PA 17038View this property at 5 E Market Street, Jonestown, PA 17038
5 E Market StreetJonestownPA17038
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Property Description
Cash-flowing mixed-use rental property grossing over $5,150 a month located right in the heart of Jonestown! Most of this property has been recently renovated with new drywall, paint and luxury vinyl plank flooring throughout! As you enter the first floor you will see two storefront suites which are currently being converted from a salon/micro-blading studio into a tattoo shop by the new business owner who is renting for $1,100/month. Also on the main floor is a fully furnished 1 bedroom apartment which is consistently rented to travel nurses for $1,400/month. Leading down the first floor hallway you will find a half bath for business use and a laundry room with coin-operated washer & dryer. The walk-out basement apartment has off-street parking, central air, it's own separate fenced yard, two bedrooms, 1 bathroom and use of 2 storage rooms just outside of the main living area. That apartment is rented for $1,100 a month and the tenant pays their own electric. On the second/third floor you will find a very large 2 bedroom apartment with off-street parking, an outside deck entrance, it's own separate fenced yard, and central air which is rented for $1,550 per month. New roofs and AC units were just installed approximately 2 years ago. The majority of work has already been done at this property, making it a solid choice for an investment!
Full Property Details
Full Property Details for 5 E Market St
General
- Price: $385,000
- Taxes: $2,437 (2023)
- Status: Active
- Type: Retail
- MLS ID: PALN2014004
- Updated: 3/22/2024
- Added to Site: 35 day(s) ago
Business
- Business Type: Apartment Building, Hair Salon and Spa, Other/Genera
Interior
- Flooring: Luxury Vinyl Plank
Additional Information
- Security/Safety: Exterior Cameras
Parking
- Total Spaces: 8
- Parking Type: Driveway, On Street
Location
- Area: Jonestown Boro (13213)
- Municipality: JONESTOWN BORO
- County: Lebanon
- Driving Directions: From Rte 72 N, turn right onto Jonestown Rd and go straight into Jonestown Borough. Property will be on the left.
- Location Details: Downtown
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C, Wall Unit
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Roof: Rubber, Metal
- Stories/Levels: 0
- Year Built: 1970
- Year Built Source: Assessor
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.12
- Lot Size (Sq. Ft.): 5,227
- Lot Size Source: Assessor
- Fence: Yes
- Zoning: 374 MISC
Financial Considerations
- Price Per Sq. Ft.: $144.74
- Assessment Year: 2023
- School Tax: $1,806
- City/TownTax: $199
- City/TownTax Freq: Annually
- County Tax: $431
- County Tax Freq: Annually
- Tax w/Assessment: $110,900
- Tax Amount: $2,437
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Ownership: Fee Simple
- Exclusions: Stove in basement belongs to tenant.
- Inclusions: All residential rental kitchen appliances including refrigerators and dishwashers. Coin-operated washer and dryer.
Listed by Iron Valley Real Estate, Jocelyn Shay
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Schools
Schools serving 5 E Market St
School District:Northern Lebanon School District
Rating | Name | Grades | Distance |
---|---|---|---|
345 School Dr, Fredericksbrg, PA 17026 | 9-12 | 2.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5 E Market St
Date
Details
Price
Change
Source
3/22/2024
Listed
$385,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5 E Market St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,327
37%
$110,900
—
2022
$1,696
4%
$110,900
—
2021
$1,626
-22%
$110,900
—
2020
$2,093
1%
$110,900
—
2019
$2,063
4%
$110,900
—
2018
$1,986
3%
$110,900
—
2016
$1,931
9%
$110,900
—
2015
$1,779
3%
$110,900
—
2014
$1,723
—
$110,900
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5 E Market St
5 E Market Street, Jonestown, PA 17038 (MLS# PALN2014004) is a Retail property. 5 E Market Street is currently listed for $385,000 and was received on March 22, 2024. Want to learn more about 5 E Market Street? Do you have questions about finding other Retail real estate for sale in Jonestown? You can browse all Jonestown real estate or contact a Coldwell Banker agent to request more information.