CHARIS REALTY GROUP

Traditional

514 W ORANGE STREET

LANCASTER, PA 17603

MLS#: PALA2075690

$457,000

Status: Active
Listing number: PALA2075690
Listing provided by: RE/MAX SmartHub Realty
Listing agent phone: None
Last update: a month ago
On site: 7 months ago
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Property

Beds

4

Full Baths

None

1/2 Baths

None

Year Built

1890

Sq.Footage

2,604

Unlock the potential of cash flow with this Exceptional Triplex located in the heart of Lancaster, PA! This multi-family residential property offers a unique opportunity for investors looking to expand their portfolio or enter the rental market. Property Highlights: Three Separate Units : Each unit is designed for optimal living space, providing tenants with comfort and privacy. Strong Rental History : This property has a proven track record of consistent rental income, making it a reliable investment choice. Prime Location : Situated in a vibrant West End neighborhood, residents will enjoy easy access to local amenities, public transportation, and the rich culture of Lancaster City. Cash Flow Potential : With the ability to generate significant monthly income, this triplex is perfect for investors seeking to maximize their return on investment. Off Street Parking : Currently 3 of 4 parking spots are leased for $30/month/spot generating additional recurring revenue. Opportunity for Value-Add : With some updates and renovations, you can increase rental rates and enhance property value.

Features & Amenities

Interior

  • Total Bedrooms

    4

  • Bathrooms

    N/A

  • Above Grade Finished Area

    2604.0

  • Basement YN

    YES

  • Cooling YN

    NO

  • Cooling

    None

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Electric, Natural Gas, Baseboard, Radiant

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    Off Street, On Street, Gravel

  • Patio and Porch Features

    Patio

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.08

  • Property Type

    Residential Income

  • Property Sub Type

    Triplex

  • Architectural Style

    Traditional

Price

  • Sales Price

    $457,000

  • Tax Amount

    $7,721

  • Sq. Footage

    2, 604

  • Price/SqFt

    $175

HOA

  • Association

    No

School District

  • Elementary School

    ROBERT FULTON

  • Middle School

    JOHN F REYNOLDS

  • High School

    MCCASKEY H.S.

Property Features

  • Stories

    3

  • Foundation Details

    Permanent, Stone

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

LANCASTER

Elementary School

ROBERT FULTON

Middle School

JOHN F REYNOLDS

High School

MCCASKEY H.S.

Listing Courtesy of Jeremy Ganse , RE/MAX SmartHub Realty

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Agent Rachel Gardner

AGENT

Rachel Gardner

Call Rachel today to schedule a private showing.

(814) 977-4341

rachel@charisrealty.com


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Unlock the potential of cash flow with this Exceptional Triplex located in the heart of Lancaster, PA! This multi-family residential property offers a unique opportunity for investors looking to expand their portfolio or enter the rental market. Property Highlights: Three Separate Units : Each unit is designed for optimal living space, providing tenants with comfort and privacy. Strong Rental History : This property has a proven track record of consistent rental income, making it a reliable investment choice. Prime Location : Situated in a vibrant West End neighborhood, residents will enjoy easy access to local amenities, public transportation, and the rich culture of Lancaster City. Cash Flow Potential : With the ability to generate significant monthly income, this triplex is perfect for investors seeking to maximize their return on investment. Off Street Parking : Currently 3 of 4 parking spots are leased for $30/month/spot generating additional recurring revenue. Opportunity for Value-Add : With some updates and renovations, you can increase rental rates and enhance property value.

514 W ORANGE STREET

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