Description
Turnkey investment opportunity in the heart of lancaster! this cash-flowing 3-unit property is a rare find, offering excellent income potential with two beautifully renovated apartments and a 2-car garage for additional rental revenue. perfectly positioned in a sought-after location, this property is ideal for investors seeking steady returns or live in one unit and rent out the others. unit 1 (first floor): 1-bedroom apartment with 2 additional large nonconforming bedrooms in the basement, currently rented at $1,500/month. unit 2 (second floor): spacious and stylishly renovated 3-bedroom unit, also rented at $1,500/month. 2-car garage projected rental income of $500/month, adding to your cash flow. each unit is individually metered, keeping operating expenses low. owner covers water, sewer, and trash services. off-street parking is a bonus feature that tenants will appreciate. situated less than a mile from franklin & marshall college, this property is also walking distance to downtown lancaster, offering access to vibrant dining, shopping, and entertainment options. its central location makes it highly appealing to tenants seeking both convenience and accessibility. don’t miss out on this fully updated investment opportunity in a desirable area. whether you’re an experienced investor or just starting to build your portfolio, this property is a solid choice with outstanding income potential. schedule your private tour today!
Property Type
ResidentialSubdivision
West End LancasterCounty
LANCASTERStyle
Converted DwellingAD ID
48257070
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Property Details
-
Interior Features
Bedroom Information
- Total Bedrooms : 6
- Master Bedroom Level: 1
- Total Bedroom (Lower): 2
- Total Bedroom (Upper): 3
- Bedroom Lower Level 1: 2
- Bedroom Upper Level 1: 3
Bathroom Information
- Total Baths: 2
- Full Baths: 2
Water/Sewer
- Water Source : Public
Interior Features
- Roof : Rubber
- Basement Description: Poured Concrete,Unfinished
Roofing Information
- Rubber
Heating & Cooling
- Cooling: None
- Heating: Baseboard - Electric
- Cooling Fuel: Electric
- Heating Fuel: Electric
-
Exterior Features
Building Information
- Year Built: 1900
- Structure: Detached
- New Construction: No
- Built: 1900
- Construction Material: Brick
- Roof: Rubber
- Foundation/Basement: Brick/Mortar,Stone
- Architecture: Converted Dwelling
- Pool/Private: No Pool
- Roof Type: Rubber
Exterior Features
- Utilities: Cable TV Available
Pool Information
- Pool: No Pool
Utility Features
- Sewer: Public Sewer
Water
- Water Heat: Electric
-
Property / Lot Details
Lot Information
- Lot Size: 1,742
- Lot Size (Acres): 0.04
- Architectural Style: Converted Dwelling
- Main Square Feet: 1,742
Property Information
- SQ ft: 2,278
- SQ ft (Living Area): 2,278
- Total Lot SQ ft: 1,742
- View: City
- Subdivision: WEST END LANCASTER
- Financing: Cash,Conventional,FHA,VA,PHFA
- Total Acreage: 0.04
- New Construction: No
- Type: Converted Dwelling
-
Listing Information
Listing Information
- Possession: Immediate
- Days Of Market: 6
-
Taxes / Assessments
Tax Information
- Annual Tax: $2,931
- Tax Year: 2024
- Total Taxes Payment Frequency: Annually
Possession
- Immediate
Assessment Information
- Taxes Assessment Amount: $57,300
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Parking Information
- Garage: 2
- Garage Type: Garage - Rear Entry,Additional Storage Area
- Parking Type: Detached Garage,Driveway,Off Street,On Street
Multi-Unit Information
- Acceptable Financing: Cash,Conventional,FHA,VA,PHFA
- Roof: Rubber
Homeowners Association Information
- Direction: From Route 30, take the Columbia Ave/PA-462 exit and head east toward Lancaster. Continue on Columbia Ave for approximately 2 miles. The property will be on your right, located near the intersection of Columbia Ave and Coral Street.
-
School, Utilities & Location Details
School Information
- School District: SCHOOL DISTRICT OF LANCASTER
Utility Information
- Cable TV Available
- Water Source: Public
- Sewer: Public Sewer
- Cooling Fuel: Electric
- Heating Fuel: Electric
- Hot Water: Electric
Location Information
- Direction: From Route 30, take the Columbia Ave/PA-462 exit and head east toward Lancaster. Continue on Columbia Ave for approximately 2 miles. The property will be on your right, located near the intersection of Columbia Ave and Coral Street.
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BuyOwner last updated this listing 01/21/2025 @ 08:59
- MLS: PALA2062716
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: BRIGHT MLS
is a Home, with 6 bedrooms which is for sale, it has 0 sqft, 1,742 sized lot, and 2 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of LANCASTER , in zip code 17603, this LANCASTER County Home , it is in the WEST END LANCASTER Subdivision, are nearby neighborhoods.