Outstanding investment opportunity featuring a 6-unit mixed-use property with apartments, laundromat, and restaurant, located on a prominent corner in Northeast Lancaster City. This turnkey asset is a strong addition to any real estate portfolio, offering 4 apartment units, an operating laundromat with 14 commercial washers and dryers plus an ADA… Read More bathroom, and a fully equipped restaurant with stainless steel equipment. Long-standing tenants rents have lots of room for increase. $42,000 annual net income. Read Less
Courtesy of Ervin J Barkman, Kingsway Realty - Lancaster 717-569-8701
Listing Snapshot
Days Online
62
Last Updated
Property Type
Other
Square Ft.
4,392
Lot Size
0.07 Acres
Year Built
1900
MLS Number
PALA2087358
Additional Details
Appliances & Equipment
Oven/Range - Electric, Refrigerator
Basement
Outside Entrance, Full, Poured Concrete
Building
Built in 1900, Living area: 4392, 3 stories, Construction Materials: Brick
Cooling
None
Accessibility Features
None
Expenses
Trash: $2,064
Exterior Features
Patio/Porch Features: Balconies- Multiple, Fire Escape, Sidewalks, Street Lights
Floors
Vinyl, Wood
Foundation
Stone
Heating
Hot Water
Income
Gross Income: $72,360, Net Operating Income: $41,795, Apartment Rentals, Laundry
Interior Features
Kitchen - Eat-In, Wood Floors
Lot
0.07 acres, Dimensions: 25x109, Corner
Owner Pays
Gas, Heat, Heater Maintenance Contract, Insurance, Sewer, Taxes - Real Estate, Water
Property
Very Good, Good, Other structures: Above Grade, Below Grade, Street
Roof
Metal, Rubber
Security Features
Smoke Detector, 24 hour security, Security System
Sewer
Public Septic
Taxes
Annual Amount: $11,507, Year: 2025, Zoning: MIXED USE
Utilities
Natural Gas Available, Water Source: Public, 200+ Amp Service
Windows
Replacement
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