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SHOWINGS STARTING THURSDAY 1/30 . This fully-leased, 4-unit property offers a seamless blend of charm and functionality, making it a standout option for investors. Situated on a spacious corner lot by F&M College & West ART, everything tenants need is within walking distance. Recent upgrades include a newer roof (2019, per prior Seller's disclosure) & new gas furnace serving heat for the entire property. Each unit has its own private entrance which means there is no common halls. Off-street parking for 3 cars plus free street parking. Seller has kept rents low, intentionally. Market value rents in current condition would produce a 6.9% cap rate. Additional value adds include providing laundry for tenants, installing cooling systems, and renting the parking spaces. Potential to lease to college students for a higher rent and continual student base tenants. Tenants pay for electric. Landlord pays all other expenses. Agents can view the proforma under Documents or please request it. Information herein is deemed accurate however buyer shall confirm any information deemed important to them
| DAYS ON MARKET | 24 | LAST UPDATED | 2/21/2025 |
|---|---|---|---|
| YEAR BUILT | 1905 | COMMUNITY | Lancaster City (10533) |
| COUNTY | LANCASTER | STATUS | Sold |
| PROPERTY TYPE(S) | Multi Family |
| School District | SCHOOL DISTRICT OF LANCASTER |
|---|
| ADDITIONAL DETAILS | |
| AIR | Electric, Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | Lancaster City (10533) |
| BASEMENT | Daylight, Partial, Yes |
| CONSTRUCTION | Brick |
| HEAT | Natural Gas, Radiant |
| LOT | 5227 sq ft |
| LOT DIMENSIONS | 0.00 x 0.00 |
| PARKING | Off Street, On Street |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 3 |
| STYLE | Other |
| TAXES | 10025 |
| VIEW | Yes |
| VIEW DESCRIPTION | City |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by PPM Real Estate, Inc., sold by Alan H. Cherkin Real Estate
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