$306,000
$306,000
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1,974 SqFt
SOLD DATE : 08/23/2024
Key Details
Sold Price $306,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,974 sqft
Price per Sqft $155
MLS Listing ID PALA2053740
Sold Date 08/23/24
Style Colonial
Abv Grd Liv Area 1,974
Originating Board BRIGHT
Year Built 1890
Annual Tax Amount $3,988
Tax Year 2022
Lot Size 1,742 Sqft
Acres 0.04
Lot Dimensions 0.00 x 0.00
Property Description
Prime Investment Opportunity - Multi-Unit Property in Lancaster City
Welcome to a prime investment opportunity in the heart of Lancaster City! This newly renovated, well-maintained 2-unit property offers excellent rental income with a cap rate of 10%. Each unit is beautifully updated and designed with modern finishes, providing tenants with comfortable living spaces. Off-street parking and separate utilities for each unit add to the convenience and ease of management. Situated in a desirable neighborhood close to amenities, schools, and public transportation, this property attracts quality tenants. With its high return on investment and minimal maintenance costs, this multi-unit building is perfect for investors looking for a profitable and hassle-free investment. Don’t miss out on this fantastic opportunity to add a high-performing asset to your portfolio. Contact us today for more information or to schedule a viewing.
Location
State PA
County Lancaster
Area Lancaster City (10533)
Zoning RES
Rooms
Basement Partial
Interior
Interior Features Combination Kitchen/Dining, Kitchen - Eat-In, Window Treatments
Hot Water Electric, Natural Gas
Heating Central, Forced Air
Cooling Ceiling Fan(s), Window Unit(s)
Flooring Ceramic Tile, Hardwood, Laminated
Equipment Oven/Range - Electric, Refrigerator, Range Hood, Oven/Range - Gas, Washer
Fireplace N
Window Features Insulated,Replacement
Appliance Oven/Range - Electric, Refrigerator, Range Hood, Oven/Range - Gas, Washer
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Roof Type Rubber
Accessibility 32\"+ wide Doors
Parking Type On Street, Parking Lot, Off Street
Garage N
Building
Lot Description Level, Rear Yard
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
Structure Type Dry Wall,Plaster Walls
New Construction N
Schools
School District School District Of Lancaster
Others
Tax ID 332-80905-0-0000
Ownership Fee Simple
SqFt Source Assessor
Security Features Smoke Detector
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard
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Bought with Ryan Quindlen • Berkshire Hathaway HomeServices Homesale Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "