Description
Turnkey investment opportunity in prime location! this cash-flowing 3-unit property offers excellent income potential with two nicely renovated apartments and an additional 2-car garage for rental income. unit 1 (first floor): 1-bedroom apartment with 2 additional nonconforming bedrooms in the basement, currently rented at $1,500/month. unit 2 (second floor): spacious, nicely renovated 3-bedroom unit, also rented at $1,500/month. 2-car garage: projected rental income of $500/month, providing additional cash flow potential. each unit is metered individually, reducing owner expenses. the owner pays for water, sewer, and trash services. the property also features bonus off-street parking, adding convenience for tenants. located less than a mile from franklin & marshall college, local dining, and amenities, this property is perfectly situated for tenants seeking convenience and accessibility. don’t miss this opportunity to invest in a beautifully updated property with excellent income potential and an unbeatable location!
Property Type
Multi-FamilyCounty
LANCASTERStyle
Converted DwellingAD ID
48256964
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Property Details
-
Interior Features
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
- Total Units: 3
- 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
- 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: 5
-
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
-
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 @ 08:55
- MLS: PALA2062552
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: BRIGHT MLS
is a Other, with 0 bedrooms which is for sale, it has 0 sqft, 1,742 sized lot, and 2 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 and are nearby neighborhoods.