Bought with Benuel Esh • Keller Williams Elite
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Key Details
Sold Price $725,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 3,800 sqft
Price per Sqft $190
Subdivision Lancaster City Ward 4
MLS Listing ID PALA2056920
Year Built 1890
Annual Tax Amount $6,790
Tax Year 2024
Lot Size 2,178 Sqft
Property Sub-Type Five Or More Units
Property Description
Multi-Family Investment Opportunity in downtown Lancaster City, PA! Located just 4 blocks from Penn Square and walking distance to all that downtown Lancaster City has to offer. Built as apartments, this turnkey rental property, consisting of (4) one-bedroom, (3) two-bedroom and (1) three-bedroom units, has made a wonderful long term investment for cash flow. Gas and electric metered separately for each apartment. Historically, the building has had a low turnover rate with many long term tenants. For those investors looking for a huge value add opportunity, this is it.
Location
State PA
County Lancaster
Area Lancaster City (10533)
Zoning 513APT
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling None
Flooring Wood, Vinyl
Exterior
Utilities Available Cable TV Available
Water Access N
Roof Type Rubber
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Mccaskey Campus
School District School District Of Lancaster
Others
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
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