Description
Investor alert - lancaster city cash cow! fully rented large detached 4 unit apartment building just three blocks from the downtown lancaster city square! building consists of two duplexes (separate tax ids), totaling a whopping 5,408 square feet. the two duplexes have a combined basement, currently operating as a quadruplex with 4 large apartments. one duplex consists of a 4 bedroom, 1 bath apartment and a 1 bedroom, 1 bath apartment. the other duplex is a 3 bedroom, 1 bath apartment and a 3 bedroom, 1.5 bath apartment (with potential to split one of these huge apartments in half to make a 5th unit!). the two second floor units have been recently updated throughout, potential to continue upgrading first floor units and increase cash flow! each apartment has two private entry doors, second floor units have a walk-up entry door and a private street-level entrance (second-floor units can also enter through rear of building off of strawberry st.) more to love: custom craftsman features, hardwood floors, upgraded luxury vinyl tile and luxury vinyl plank flooring, high ceilings and tons of natural light give these apartments classic charm with durability in mind. each apartment has a landlord-owned fridge and stove. tenants are responsible for electric, heat (electric) & gas, landlord pays trash, water & sewer. located in an area experiencing large-scale investment and redevelopment, this freshly painted and well-maintained investment will become a top-producer in your portfolio for years to come! new rubber roof - 342 w king st. - 2022, new mansard roof - 342 w king st. - 2022, new rubber roof - 346 w king st. - corner unit (blue building) - 2024. long term tenants and stable cash flow history with professional property manager in place.
mark your calendar! - two upcoming showing options: wednesday, april 2nd from 4pm-6pm and saturday, april 5th from 1pm - 3pm. showings will be open-house style, please call to register. separate, private showings cannot be accommodated at this time. please plan to come to one of the above-mentioned group showing times.
Property Type
Multi-FamilySubdivision
Downtown LancasterCounty
LANCASTERStyle
TraditionalAD ID
49143376
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Property Details
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Interior Features
Water/Sewer
- Water Source : Public
Room Information
- Patio/Porch Features: Porch(es),Deck(s)
Interior Features
- Additional Stairway,Bathroom - Stall Shower,Bathroom - Tub Shower,Built-Ins,Dining Area,Entry Level Bedroom,Floor Plan - Open,Floor Plan - Traditional,Formal/Separate Dining Room,Kitchen - Table Space,Upgraded Countertops
- Roof : Architectural Shingle,Asphalt,Flat,Pitched,Rubber,Shingle
- Exterior Property Features : Awning(s),Bump-outs,Exterior Lighting,Sidewalks,Street Lights
- Basement Description: Partial,Outside Entrance,Interior Access,Unfinished
- Property Appliances: Oven - Single,Refrigerator,Water Heater
Roofing Information
- Architectural Shingle,Asphalt,Flat,Pitched,Rubber,Shingle
Heating & Cooling
- Cooling: None
- Heating: Baseboard - Electric
- Cooling Fuel: None
- Heating Fuel: Electric
Window Information
- Window Treatments: Bay/Bow,Double Hung,Replacement,Sliding,Transom,Vinyl Clad,Wood Frame
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Exterior Features
Building Information
- Exterior Features: Awning(s),Bump-outs,Exterior Lighting,Sidewalks,Street Lights
- Year Built: 1925
- Structure: Detached
- Major Appliances: Oven - Single,Refrigerator,Water Heater
- New Construction: No
- Total Units: 4
- Built: 1925
- Construction Material: Masonry
- Security System: Main Entrance Lock,Smoke Detector
- Roof: Architectural Shingle,Asphalt,Flat,Pitched,Rubber,Shingle
- Foundation/Basement: Crawl Space,Permanent
- Architecture: Traditional
- Pool/Private: No Pool
- Roof Type: Architectural Shingle,Asphalt,Flat,Pitched,Rubber,Shingle
Exterior Features
- Utilities: Cable TV Available,Electric Available,Natural Gas Available,Phone Available,Sewer Available
Pool Information
- Pool: No Pool
Utility Features
- Sewer: Public Sewer
Water
- Water Heat: Electric,Natural Gas
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Property / Lot Details
Lot Information
- Lot Size: 3,049
- Lot Size (Acres): 0.07
- Architectural Style: Traditional
- Main Square Feet: 3,049
Property Information
- SQ ft: 6,384
- SQ ft (Living Area): 5,408
- Total Lot SQ ft: 3,049
- View: City,Street
- Subdivision: DOWNTOWN LANCASTER
- Financing: Cash,Conventional,Bank Portfolio
- Total Acreage: 0.07
- New Construction: No
- Type: Traditional
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Listing Information
Listing Information
- Possession: Settlement,Subject to Existing Lease
- Days Of Market: 2
-
Taxes / Assessments
Tax Information
- Annual Tax: $7,993
- Tax Year: 2023
- Total Taxes Payment Frequency: Annually
Possession
- Settlement,Subject to Existing Lease
Assessment Information
- Taxes Assessment Amount: $202,000
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Parking Information
- Parking Features: Public,Unassigned
- Parking Type: On Street
Multi-Unit Information
- Acceptable Financing: Cash,Conventional,Bank Portfolio
- Roof: Architectural Shingle,Asphalt,Flat,Pitched,Rubber,Shingle
Homeowners Association Information
- Direction: From N Duke St., Turn right onto E Walnut St., Turn left onto N Charlotte St., Turn left onto W King St., Destination will be on the right.
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School, Utilities & Location Details
School Information
- School District: SCHOOL DISTRICT OF LANCASTER
Utility Information
- Cable TV Available,Electric Available,Natural Gas Available,Phone Available,Sewer Available
- Water Source: Public
- Sewer: Public Sewer
- Cooling Fuel: None
- Heating Fuel: Electric
- Hot Water: Electric,Natural Gas
Location Information
- Location Type: Downtown
- Direction: From N Duke St., Turn right onto E Walnut St., Turn left onto N Charlotte St., Turn left onto W King St., Destination will be on the right.
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BuyOwner last updated this listing 04/03/2025 @ 14:45
- MLS: PALA2066358
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: BRIGHT MLS
is a Other, with 0 bedrooms which is for sale, it has 0 sqft, 3,049 sized lot, and 0 parking. A comparable Other, 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 Other , it is in the DOWNTOWN LANCASTER Subdivision, are nearby neighborhoods.