$315,000
$315,000
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2,278 SqFt
SOLD DATE : 03/04/2025
Key Details
Sold Price $315,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,278 sqft
Price per Sqft $138
MLS Listing ID PALA2062552
Sold Date 03/04/25
Style Converted Dwelling
Abv Grd Liv Area 1,643
Originating Board BRIGHT
Year Built 1900
Available Date 2025-01-14
Annual Tax Amount $2,931
Tax Year 2024
Lot Size 1,742 Sqft
Acres 0.04
Property Sub-Type Detached
Property Description
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!
Location
State PA
County Lancaster
Area Lancaster City (10533)
Zoning RESIDENTIAL
Rooms
Basement Poured Concrete, Unfinished
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
Roof Type Rubber
Accessibility Other
Total Parking Spaces 2
Garage Y
Building
Foundation Brick/Mortar, Stone
Sewer Public Sewer
Water Public
Architectural Style Converted Dwelling
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District School District Of Lancaster
Others
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
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Bought with Viartie Laroc-Vincent • Keller Williams Realty