A rare opportunity to invest in Lancaster City's thriving rental market. This offering includes two nearly adjacent, recently renovated buildings totaling 15 income-producing units - 3 self-contained apartments plus 12 licensed rooming units with shared kitchens and baths. Fully occupied and professionally managed, this turn-key asset carries all licensing already… Read More in place for its current use, positioning it in one of Lancaster's highest-demand housing segments: attainable, affordable rentals. Comprehensive 2025 renovations minimize near-term capital expenditures. Priced to reflect an 8% cap rate on realistic operating expenses (including management and maintenance), this is a stabilized, cash-flowing asset ready to add to your portfolio - available together or as two individual properties. Solid brick construction, public water/sewer, and on-site parking round out the offering. Don't miss the opportunity! Read Less
Courtesy of Benuel Esh, Astoria Realty Advisors LLC 717-425-6264
Listing Snapshot
Days Online
53
Last Updated
Property Type
Commercial
Square Ft.
5,151
Lot Size
0.12 Acres
Year Built
1900
MLS Number
PALA2095166
Additional Details
Property Access
Road Responsibility: City/County, Road Surface: Black Top
Building
Built in 1900, Built in 2025 (effective), Construction Materials: Brick
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available. This content last updated on .
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