Prime Investment Opportunity - Fully Rented Triplex Near Lancaster General Hospital & Franklin & Marshall College. Located just one block from Lancaster General Hospital and within walking distance to Franklin & Marshall College, this well-maintained 3-unit property offers a fantastic investment opportunity in a highly sought-after area. Currently fully rented, the property generates a steady gross rent of $51,300 annually, with tenants responsible for some of the utilities.Property Features: Unit 1 has1 Bedroom, 1 Full Bathroom, with in-unit laundry ($1,225 rent); Unit 2 has 2 Bedrooms, 1 Full Bathroom and shares laundry in basement. ($1,495 rent); Unit 3 has 1 Bedroom, 1 Full Bathroom and shares laundry in basement ($1,145 rent). The home is in great condition with hardwood floors throughout, providing a charming and low maintenance living environment. Enjoy the outdoor space with a welcoming front porch and a cozy backyard, perfect for relaxation. This property presents a unique opportunity to own a turnkey rental in a prime location, appealing to medical professionals, college students, and renters alike.
MLS# | PALA2066684 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Active-bright |
Year | 1883 |
Days On Site | 23 |
Listing Provided By | Iron Valley Real Estate of Lancaster | James T. Dunn III |
SQ Feet | 2,786 |
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Units | 3 |
Zoning | RESIDENTIAL |
Acreage | 0.04 |
Water Front | Yes |
State | PA |
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County | LANCASTER PA |
City | LANCASTER |
Zip Code | 17602 |
Area | Lancaster City (10533) |
School District | SCHOOL DISTRICT OF LANCASTER |
Listing VS Median (in 17602) | |
Price: $619,900 low | high Med: $299,450 SqFt: 2,786 low | high Med: 1,921 $ / SqFt: $223 low | high Med: $157 On site: 23 low | high Med: 7.500000 |