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221-223 W King Street

LANCASTER, PA 17603
  • $2,548,500
  • STATUS: Active
  • ON SITE: 76 Days
  • ID#: PALA2046434
Price Reduced
$2,548,500
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1920
County:

School Ratings & Info

School District:

Description

15 Unit Property - 13 Residential Units & 2 Commercial Units- Seller open to holding a second mortgage- see agent for details. Just off a top-to-bottom renovation that brought fresh andinnovative ideas, the Kings Place Apartments is a 15-unit propertyset up for long term cash flow and appreciation. Units have beenthoughtfully designed to provide all the amenities tenants wany in anefficient and comfortable space. Each unit includes a washer & dryer,dishwasher, granite counters, luxury vinyl plank floors, tilebathrooms, gleaming white cabinets, stainless steel appliances, andmuch moreThe building has been outfitted with new electric, HVAC, plumbing,new doors, and upgraded hallways. There are 16 on-site parkingspaces, which are leased separately to tenants and neighbors. Theproperty has a detached "Carriage House" in the rear that is acomplete house with a 1 car garage, 3 bedrooms, and an open livingspace.The ground floor front has 2 commercial spaces. One is leased on a5-year initial term with options to Denim Coffee, a regional favoriteand established brand. The second space has a tenantlined up.Located in rapidly appreciating neighborhood of Lancaster City with future benefit from CRIZ programs.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Craig Hartranft Team, Berkshire Hathaway Homesale Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-04-18T16:43:06.367.
www.lancasterhome.com/homes/147213969
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221-223 W King Street LANCASTER, PA 17603

  • Price: $2,548,500
  • Status: Active
  • On Site: 76 Days
  • ID#: PALA2046434
0
Beds
0
Baths
0
½ Baths
0.22
Acres
1920
Built
Neighborhood:
Lancaster City (10533)
County:
Lancaster
Area:
Lancaster City (10533)
School District:
School District Of Lancaster
Property Description
15 Unit Property - 13 Residential Units & 2 Commercial Units- Seller open to holding a second mortgage- see agent for details. Just off a top-to-bottom renovation that brought fresh andinnovative ideas, the Kings Place Apartments is a 15-unit propertyset up for long term cash flow and appreciation. Units have beenthoughtfully designed to provide all the amenities tenants wany in anefficient and comfortable space. Each unit includes a washer & dryer,dishwasher, granite counters, luxury vinyl plank floors, tilebathrooms, gleaming white cabinets, stainless steel appliances, andmuch moreThe building has been outfitted with new electric, HVAC, plumbing,new doors, and upgraded hallways. There are 16 on-site parkingspaces, which are leased separately to tenants and neighbors. Theproperty has a detached "Carriage House" in the rear that is acomplete house with a 1 car garage, 3 bedrooms, and an open livingspace.The ground floor front has 2 commercial spaces. One is leased on a5-year initial term with options to Denim Coffee, a regional favoriteand established brand. The second space has a tenantlined up.Located in rapidly appreciating neighborhood of Lancaster City with future benefit from CRIZ programs.
Exterior Features

Construction Materials Brick Garage YN No Parking Types Parking Lot Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 8666.00 Cooling Ductless/Mini-Split Heating Forced Air Heating YN Yes Net Square Feet 8666.00

Property Features

Accessibility Features 2+ Access Exits Central Air YN No Cooling Fuel Electric Heating Fuel Electric Hot Water Electric Municipality LANCASTER CITY Navigable Water YN N New Construction YN No Number Of Units Total 15 Original MLSNumber 802841826300 Ownership Interest Fee Simple Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 12100.00 Vacation Rental YN No Water Source Public Zoning CB WITH CRIZ Zoning Description CB with GRIZ in Downtown Investment District

Listing courtesy of Capstone Commercial: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Craig Hartranft Team, Berkshire Hathaway Homesale Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-04-18T16:43:06.367.
 
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The Craig Hartranft Team, Berkshire Hathaway Homesale Realty
150 North Pointe Blvd.
Lancaster PA, 17601