Property
Beds
3
Full Baths
None
1/2 Baths
None
Year Built
1902
Sq.Footage
2,256
Offers have been received, and will be reviewed at noon on Saturday. We request that any additional offers be sent by then. A final tour can be accommodated on Saturday morning, 10:00 AM with advance notice to the sellers agent anytime prior to the tour. Fully leased 4-unit brick investment in Lancaster City; $53,280 in annual rents. Full of classic city character, the property offers four 1-bedroom, 1-bath apartments with updated kitchens, modern flooring, and tall windows that fill each unit with natural light. The top-floor apartment stands out with sloped ceilings and dormer windows for a loft-style feel. With 100% occupancy, roughly $33,400 in NOI, and tenants reimbursing the landlord for utilities, this property delivers cash flow from day one. The solid brick building features a newer roof (architectural shingle and rubber), a stone foundation, natural gas radiator heat, and natural gas hot water, all on public water and sewer. The location is a major draw; a short distance from Penn Square, Lancaster Central Market, and downtown’s restaurants, shops, and galleries, with easy access to Routes 222 and 30. Lancaster City’s steady rental demand keeps units leasing quickly. This is a strong add for a seasoned investor or an ideal start for an owner-occupant looking to house-hack a 4-unit. Don't miss the opportunity!
Features & Amenities
Interior
-
Total Bedrooms
3
-
Bathrooms
N/A
-
Above Grade Finished Area
2256.0
-
Basement YN
YES
-
Cooling YN
NO
-
Cooling
None
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Natural Gas, Radiant
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
On Street
-
Pool
No
-
Waterfront YN
NO
-
View
City
Area & Lot
-
Lot Features
Level
-
Lot Size(acres)
0.05
-
Lot Size(square feet)
2,178
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
-
Architectural Style
Traditional
Price
-
Sales Price
$379,000
-
Tax Amount
$4,077
-
Zoning
Property Use- 500 - COMM-RETAILLand Use- 513 - APARTMENTS
-
Sq. Footage
2,256
-
Price/SqFt
$167
HOA
-
Association
N/A
-
Total Monthly Fees
true
School District
-
Elementary School
LAFAYETTE
-
Middle School
JOHN F REYNOLDS
-
High School
MCCASKEY H.S.
Property Features
-
New Construction
NO
-
Foundation Details
Stone
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
LANCASTER
Elementary School
LAFAYETTE
Middle School
JOHN F REYNOLDS
High School
MCCASKEY H.S.
Listing Courtesy of Benuel Esh, Astoria Realty Advisors LLC
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Salesperson, Realtor
Rachel Gardner
Call Rachel today to schedule a private showing.
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