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Turnkey Investment Opportunity in the Heart of Lancaster! This cash-flowing 3-unit property is a rare find, offering excellent income potential with two beautifully renovated apartments and a 2-car garage for additional rental revenue. Perfectly positioned in a sought-after location, this property is ideal for investors seeking steady returns or live in one unit and rent out the others. Unit 1 (First Floor): 1-bedroom apartment with 2 additional large nonconforming bedrooms in the basement, currently rented at $1,500/month. Unit 2 (Second Floor): Spacious and stylishly renovated 3-bedroom unit, also rented at $1,500/month. 2-Car Garage projected rental income of $500/month, adding to your cash flow. Each unit is individually metered, keeping operating expenses low. Owner covers water, sewer, and trash services. Off-street parking is a bonus feature that tenants will appreciate. Situated less than a mile from Franklin & Marshall College, this property is also walking distance to downtown Lancaster, offering access to vibrant dining, shopping, and entertainment options. Its central location makes it highly appealing to tenants seeking both convenience and accessibility. Don't miss out on this fully updated investment opportunity in a desirable area. Whether you're an experienced investor or just starting to build your portfolio, this property is a solid choice with outstanding income potential. Schedule your private tour today!
Property Type(s):
Single Family
| Last Updated | 1/7/2025 | Tract | WEST END LANCASTER |
|---|---|---|---|
| Year Built | 1900 | Community | Lancaster City (10533) |
| Garage Spaces | 2.0 | County | LANCASTER |
SCHOOLS
| School District | SCHOOL DISTRICT OF LANCASTER |
|---|
Additional Details
| APPLIANCES | Electric Water Heater |
|---|---|
| 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 |
| STORIES | 3 |
| STYLE | Converted Dwelling |
| SUBDIVISION | WEST END LANCASTER |
| TAXES | 2931 |
| UTILITIES | Cable Available |
| VIEW | Yes |
| VIEW DESCRIPTION | City |
| WATER | Public |
Location
Listing provided by LPT Realty, LLC
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Keller Williams participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Keller Williams are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
2025 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: 1/8/25 7:12 PM PST
This IDX solution is (c) Diverse Solutions 2025.
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