2,042 SqFt
2,042 SqFt
Key Details
Property Type Multi-Family, Townhouse
Sub Type End of Row/Townhouse
Listing Status Under Contract
Purchase Type For Sale
Square Footage 2,042 sqft
Price per Sqft $182
Lot Size 2,178 Sqft
MLS Listing ID PALA2084112
Financing Cash,Conventional,FHA,PHFA,VA
Style Other
Total Units 2
Short Sale No
Originating MLS BRIGHT
Available Date 2026-03-12
Property Description
Unlock immediate income potential with this **fully updated and meticulously maintained** multi-family property, perfectly situated in the highly sought-after West End neighborhood of Lancaster City. excellent walkability, and proximity to downtown amenities, this location ensures high tenant demand!
This property has been completely refreshed, offering **turn-key readiness** for investors or owner-occupants looking for substantial rental income. Every unit has received significant updates, ensuring low initial maintenance.
* **Unit 1 (First Floor):** A comfortable **1 Bedroom Apartment** featuring an eat-in kitchen, separate living area, and a fully updated bathroom. Rented at $1,350 Parking included.
Unit 2 (Second Floor): A spacious **4 Bedroom Apartment** complete with a full updated bathroom, eat-in kitchen, and dedicated living area. rented at $2,400
Two Generous Bedrooms located on the top level, likely utilizing space on both floors for a unique layout.
2 off street parking, tenants pays additional for parking spaces in the back of the home, extra income generation!
Complete Updates: All living spaces have been significantly upgraded, including, newly renovated bathrooms, updated kitchens, fresh flooring, new paint, and modern light fixtures.
Income Generating: This property is truly ready and delivering immediate cash flow.
Investment Appeal: The desirable West End location guarantees strong rental interest and high potential rental rates.
Total Rental Income
Unit 1: $1,300 / month
Unit 2: $2,400 / month
Total monthly rent:
1350 + 2400 = 3750
Annual rent:
3750 × 12 = 45,000
Total yearly rental income = $45,000
Operating Expenses
Monthly expenses: $50 monthly trash/sewer
50 × 12 = 600
yearly: $1,400 (heat winter months 150$ 3 months 30$ to 40$ summer/spring/fall)
Total expenses: 600 + 1,400 = 2,000
Net Operating Income (NOI)
45,000 - 2,000 = 43,000
NOI = $43,000
(mortgage is not included)
mortgage: $1,800 monthly
Cap Rate
Property Value
Cap Rate = 12%-12.5%
This is a rare chance to acquire a fully renovated multi-family asset in one of Lancaster's premier residential areas. Minimize your turnover risk and maximize your returns with move-in-ready units!
Don't miss the chance to own a prime, income-producing asset in Lancaster's best neighborhood!
Location
State PA
County Lancaster
Area Lancaster City (10533)
Zoning RESIDENTIAL
Rooms
Basement Full
Interior
Hot Water Natural Gas
Heating Radiator, Hot Water
Cooling None
Fireplace N
Heat Source Natural Gas
1-purchase type For Sale
Exterior
Garage Spaces 2
Waterfront N
Water Access N
Accessibility 2+ Access Exits, 32\"+ wide Doors, 48\"+ Halls
Parking Type Driveway, Off Street
Total Parking Spaces 2
Building
New Construction N
Foundation Brick/Mortar
Lot Dimensions 0.00 x 0.00
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
Schools
School District School District Of Lancaster
Others
Tax Amount $5,329
Tax Year 2025
Tax ID 338-66840-0-0000
Ownership Fee Simple
SqFt Source 2042
Acceptable Financing Cash, Conventional, FHA, PHFA, VA
Special Sale Standard
