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!
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Listing Snapshot
Price
$379,000
Days On Site
12 Days
Bedrooms
3
Inside Area (SqFt)
2,256 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.05 Acres
Year Built
1902
MLS Number
PALA2098216
Status
Active
Property Tax
$4,077
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
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