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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(s):
Multi Family
Last Updated | 1/7/2025 | Year Built | 1900 |
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Community | Lancaster City (10533) | Garage Spaces | 2.0 |
County | LANCASTER |
SCHOOLS
School District | SCHOOL DISTRICT OF LANCASTER |
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Additional Details
APPLIANCES | Electric Water Heater |
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AREA | Lancaster City (10533) |
BASEMENT | Unfinished, Yes |
CONSTRUCTION | Brick |
GARAGE | Yes |
HEAT | Baseboard, Electric |
LOT | 1742 sq ft |
PARKING | Off Street, On Street, Detached |
SEWER | Public Sewer |
STYLE | Converted Dwelling |
TAXES | 2931 |
UTILITIES | Cable Available |
WATER | Public |
Location
Listing provided by LPT Realty, LLC
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Data last updated: 1/9/25 5:22 PM PST
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