SQUARE FEET2,604
MLS#PALA2075690
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SCHOOLSCHOOL DISTRICT OF LANCASTER
Property Description
Unlock the potential of cash flow with this Exceptional Triplex located in the heart of Lancaster, PA! This multi-family residential property offers a unique opportunity for investors looking to expand their portfolio or enter the rental market. Property Highlights: Three Separate Units : Each unit is designed for optimal living space, providing tenants with comfort and privacy. Strong Rental History : This property has a proven track record of consistent rental income, making it a reliable investment choice. Prime Location : Situated in a vibrant West End neighborhood, residents will enjoy easy access to local amenities, public transportation, and the rich culture of Lancaster City. Cash Flow Potential : With the ability to generate significant monthly income, this triplex is perfect for investors seeking to maximize their return on investment. Off Street Parking : Currently 3 of 4 parking spots are leased for $30/month/spot generating additional recurring revenue. Opportunity for Value-Add : With some updates and renovations, you can increase rental rates and enhance property value.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: None
Fuel Type: Natural Gas, Electric
Heating: Radiator, Baseboard - Electric
Home Style: Traditional
Lot Size: 0.08 Acres
Roof Type: Flat
Taxes: $7,721
Year Built: 1890
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Appliances: Oven/Range - Electric
Electric: 200+ Amp Service
Exterior: Brick, Masonry
Flooring: Hardwood, Other
Interior: Formal/Separate Dining Room
Lot Dimensions: 0.08 Acre(S)
Municipality: LANCASTER CITY
One Bedroom Units: 2
Parking Notes: Crushed Stone
Sewer: Public Sewer
Structure Type: Twin/Semi-Detached
Total Garage/Parking Spaces: 4
Two Bedroom Units: 1
Units: 3
Water: Public
Windows: Energy Efficient
Local Schools
High School: MCCASKEY H.S.
Middle School: JOHN F REYNOLDS
Elementary School: ROBERT FULTON
School District: SCHOOL DISTRICT OF LANCASTER
Listed By / Shown By
Listed By
Agency Name: RE/MAX SmartHub Realty
Agency Phone: 7172084444
Shown By
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
Agency Phone: +18003833535
First AmericanEstimate Your Payment
Estimated Payment
$ 1,793.79 per month $1,017.08 Principal & Interest $643.42 Property Tax $133.29 Homeowner's Insurance
514 W Orange Street | MLS# PALA2075690
This multi-family property located at 514 W Orange Street, Lancaster, PA 17603 is currently listed for sale with an asking price of $457,000. W Orange Street is located within the SCHOOL DISTRICT OF LANCASTER school district. Search Lancaster real estate on www.homesale.com today.