$315,000
$315,000
For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
2 Baths
2,278 SqFt
SOLD DATE : 03/04/2025
Key Details
Sold Price $315,000
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,278 sqft
Price per Sqft $138
Subdivision West End Lancaster
MLS Listing ID PALA2062716
Sold Date 03/04/25
Style Converted Dwelling
Bedrooms 6
Full Baths 2
HOA Y/N N
Abv Grd Liv Area 1,643
Originating Board BRIGHT
Year Built 1900
Available Date 2025-01-15
Annual Tax Amount $2,931
Tax Year 2024
Lot Size 1,742 Sqft
Acres 0.04
Property Sub-Type Interior Row/Townhouse
Property Description
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!
Location
State PA
County Lancaster
Area Lancaster City (10533)
Zoning RESIDENTIAL
Rooms
Basement Poured Concrete, Unfinished
Main Level Bedrooms 1
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Heat Source Electric
Exterior
Parking Features Garage - Rear Entry, Additional Storage Area
Garage Spaces 2.0
Utilities Available Cable TV Available
Water Access N
View City
Roof Type Rubber
Accessibility Other
Total Parking Spaces 2
Garage Y
Building
Story 3
Foundation Brick/Mortar, Stone
Sewer Public Sewer
Water Public
Architectural Style Converted Dwelling
Level or Stories 3
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District School District Of Lancaster
Others
Senior Community No
Tax ID 338-98435-0-0000
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional, FHA, VA, PHFA
Listing Terms Cash, Conventional, FHA, VA, PHFA
Financing Cash,Conventional,FHA,VA,PHFA
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP

Bought with Viartie Laroc-Vincent • Keller Williams Realty