342-346 W King St,LANCASTER, PA 17603
LANCASTER, PA 17603
Description
Investor Alert - Lancaster City Cash Cow! Fully rented large detached 4 unit apartment building just three blocks from the downtown Lancaster City square! Building consists of two duplexes (separate tax IDs), totaling a whopping 5,408 square feet. The two duplexes have a combined basement, currently operating as a quadruplex with 4 large apartments. One duplex consists of a 4 bedroom, 1 bath apartment and a 1 bedroom, 1 bath apartment. The other duplex is a 3 bedroom, 1 bath apartment and a 3 bedroom, 1.5 bath apartment (with potential to split one of these huge apartments in half to make a 5th unit!). The two second floor units have been recently updated throughout, potential to continue upgrading first floor units and increase cash flow! Each apartment has two private entry doors, second floor units have a walk-up entry door AND a private street-level entrance (second-floor units can also enter through rear of building off of Strawberry St.) More to love: Custom craftsman features, hardwood floors, upgraded luxury vinyl tile and luxury vinyl plank flooring, high ceilings and tons of natural light give these apartments classic charm with durability in mind. Each apartment has a landlord-owned fridge and stove. Tenants are responsible for electric, heat (electric) & gas, Landlord pays trash, water & sewer. Located in an area experiencing large-scale investment and redevelopment, this freshly painted and well-maintained investment will become a top-producer in your portfolio for years to come! New rubber roof - 342 W King St. - 2022, new mansard roof - 342 W King St. - 2022, new rubber roof - 346 W King St. - Corner Unit (blue building) - 2024. Long term tenants and stable cash flow history with professional property manager in place. Mark your calendar! - Two upcoming showing options: Wednesday, April 2nd from 4pm-6pm and Saturday, April 5th from 1pm - 3pm. Showings will be open-house style, please call to register. Separate, private showings cannot be accommodated at this time. Please plan to come to one of the above-mentioned group showing times.
Details
| MLS# | PALA2066358 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Pending-bright |
| Year | 1925 |
| Days On Site | 29 |
| Listing Provided By | Life Changes Realty Group | ERIN E STEWART |
Features
| SQ Feet | 5,408 |
|---|---|
| Basement | Y |
| Units | 4 |
| Zoning | R4 |
| Acreage | 0.07 |
| Water Front | Yes |
| Property View | City, Street |
Market Activity 17603
Request a showing
Request a showing
Contact
Learn More About This Property
| State | PA |
|---|---|
| County | LANCASTER PA |
| City | LANCASTER |
| Zip Code | 17603 |
| Area | Lancaster City (10533) |
| Community Name | DOWNTOWN LANCASTER |
| School District | SCHOOL DISTRICT OF LANCASTER |
| Listing VS Median (in DOWNTOWN LANCASTER) | |
Price: $499,900 low | high Med: $300,000 SqFt: 5,408 low | high Med: 1,144 $ / SqFt: $92 low | high Med: $262 On site: 29 low | high Med: 696.000000 | |