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Rare opportunity to own a 4-unit building in the heart of Lancaster's West side and Chestnut Hill neighborhood. Located on West Lemon Street, within walking distance to downtown and Central Market, F&M, Buchanan Park, schools, Nightlife, restaurants, galleries, neighborhood stores and shops.Also located in the City's STR (Short Term Rental) district (see attached). We have completely gutted the property and all Electrical (including panels), Mechanical (dedicated, individual heat pump systems in each unit) and Plumbing is brand new (supply and waste lines). Two units have beautiful 1" original wood floors. Architect sealed commercial plans approved and all MEPI's will be signed off by Lancaster City and provided to buyer prior to settlement. This means that the property will be delivered to buyer framed and ready for drywall and fixtures. Unit 1 has kitchen cabinets, sink and faucet. SEE Document section for more info and plans. The hard stuff is done! It's ready for your vision!Projected NET annual Income is $50,700.*This property is best suited for an experienced "flipper".Seller is licensed PA Realtor and property owner.
| DAYS ON MARKET | 132 | LAST UPDATED | 6/9/2023 |
|---|---|---|---|
| TRACT | CHESTNUT HILL | YEAR BUILT | 1898 |
| COMMUNITY | LANCASTER CITY | COUNTY | LANCASTER |
| STATUS | Sold | PROPERTY TYPE(S) | Multi Family |
| School District | SCHOOL DISTRICT OF LANCASTER |
|---|---|
| Elementary School | WHARTON |
| High School | MCCASKEY CAMPUS |
| ADDITIONAL DETAILS | |
| AIR | Central A/C, Heat Pump(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | LANCASTER CITY |
| BASEMENT | Drain, Outside Entrance, Partial, Sump Pump, Yes |
| CONSTRUCTION | Brick, Masonry |
| EXTERIOR | Exterior Lighting, Fire Escape, Flood Lights, Gutter System, Sidewalks |
| HEAT | Forced Air, Heat Pump - Electric BackUp |
| HOA DUES | None |
| LOT | 2614 sq ft |
| LOT DESCRIPTION | Level, Rear Yard |
| LOT DIMENSIONS | 0.00 x 0.00 |
| SEWER | Public Sewer |
| STYLE | Detached, Traditional |
| SUBDIVISION | CHESTNUT HILL |
| TAXES | 6862.00 |
| UTILITIES | Cable TV,Natural Gas Available |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
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*Estimate only
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Listing provided by Iron Valley Real Estate of Lancaster, sold by RE/MAX SmartHub Realty
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