Outstanding investment opportunity featuring a 6-unit mixed-use property in the Northeast Corridor. 4 Residential units in updated, nice condition. Laundromat with ADA Bathroom. Restaurant in operation since 2018. Fully rented, but most rents are exceptionally low due to long-term tenants. 14 commercial washers, 10 commercial dryers. Fully licensed with approved… Read More fire escapes. (4) 1 Bedroom units all leased. Built as an apartment unit + laundromat + restaurant in 1900 with commercial-sized UGI gas lines. Apartments are nice and mostly updated- newer replacement windows. 6 security cameras 24/7 monitoring. Turnkey investment in Northeast Lancaster City. $42,000 annual net income. Read Less
Courtesy of Ervin J Barkman, Kingsway Realty - Lancaster 717-569-8701
Listing Snapshot
Days Online
153
Last Updated
Property Type
Commercial
Lot Size
0.07 Acres
Year Built
1900
MLS Number
PALA2087384
Additional Details
Building
Built in 1900, 3 stories, Construction Materials: Brick
Cooling
None
Accessibility Features
None
Expenses
Electric: $1,380, Fuel: $7,100, Trash: $2,064, Other Expense: $5,960
Floors
Vinyl, Wood
Foundation
Stone
Heating
Hot Water
Income
Gross Income: $72,360, Net Operating Income: $41,795, Apartment Rentals, Laundry
Lot
0.07 acres, Dimensions: 25x109, Corner
Owner Pays
Gas, Heat, Insurance, Pest Control, Sewer, Snow Removal, Trash Collection, Water
Property
Very Good, Good, Street
Roof
Metal, Rubber
Security Features
Smoke Detector, 24 hour security, Security System
Sewer
Public Septic
Taxes
Annual Amount: $11,507, Year: 2026, Zoning: MIXED USE
Utilities
Natural Gas Available, Water Source: Public, 200+ Amp Service
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