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464 Manor Street

LANCASTER, PA 17603
  • $749,000
  • STATUS: Active
  • ON SITE: 19 Days
  • ID#: PALA2024820
UPDATED: 38 min ago
$749,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Information

High School:
School District:

Description

This is your opportunity to own a fabulous investment property in Lancaster city. Close to all the city has to offer. This 11 unit building has been updated with a brand-new rubber roof in 2019, and new gutters in 2021. A new deck was recently installed for the second-floor apartment in the rear. All apartments have been updated, mailboxes installed inside front door, replaced the front step, added upgraded landscaped area in rear yard, as well as many new windows. The front facade has been painted and looks fabulous. This building is broken down into 2 sections. One side of the building offers 7 individual very large rooms that are divided between the 2nd and 3rd floor of the building. These rooms share a common bathroom on each floor. These rooms provide great income and come with a waiting list of potential renters that are looking for a room to rent. The other section of this building includes 4 separate apartments that include a 1 bedroom apartment and 3 very spacious efficiency style apartments. The building stays fully rented, It also has a parking lot which provides additional income. All tenants are in a month to month lease. Leases could also be increased but the possibilities with this large building are endless.

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©2022 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: 2022-10-03T06:54:36.443.
www.lancasterhome.com/homes/133031724
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464 Manor Street LANCASTER, PA 17603

  • Price: $749,000
  • Status: Active
  • On Site: 19 Days
  • Updated: 38 min ago
  • ID#: PALA2024820
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1900
Built
Neighborhood:
Lancaster City (10533)
County:
Lancaster
Area:
Lancaster City (10533)
High School:
Mccaskey H.S.
School District:
School District Of Lancaster
Property Description
This is your opportunity to own a fabulous investment property in Lancaster city. Close to all the city has to offer. This 11 unit building has been updated with a brand-new rubber roof in 2019, and new gutters in 2021. A new deck was recently installed for the second-floor apartment in the rear. All apartments have been updated, mailboxes installed inside front door, replaced the front step, added upgraded landscaped area in rear yard, as well as many new windows. The front facade has been painted and looks fabulous. This building is broken down into 2 sections. One side of the building offers 7 individual very large rooms that are divided between the 2nd and 3rd floor of the building. These rooms share a common bathroom on each floor. These rooms provide great income and come with a waiting list of potential renters that are looking for a room to rent. The other section of this building includes 4 separate apartments that include a 1 bedroom apartment and 3 very spacious efficiency style apartments. The building stays fully rented, It also has a parking lot which provides additional income. All tenants are in a month to month lease. Leases could also be increased but the possibilities with this large building are endless.
Exterior Features

Construction Materials Brick Garage YN No Parking Features Paved ParkingPrivate Parking Types Parking Lot Property Condition Very Good Riparian Rights YN No Roof Rubber Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 5400.00 Cooling None Flooring HardwoodVinyl Heating None Net Square Feet 5400.00 Security Features Carbon Monoxide Detector(S)Smoke Detector

Property Features

Acceptable Financing CashConventional Accessibility Features None Annual Gross Expense 24867.00 Assessment Year 2022 Business Type Apartment Building Central Air YN No Cooling Fuel None Electric 100 Amp Service200+ Amp Service Foundation Details Stone Gross Income 85200.00 Heating Fuel ElectricNatural Gas Hot Water Electric Insurance Expense 2839.00 Maintenance Expense 3200.00 Municipality Lancaster City Navigable Water YN N Net Operating Income 56073.00 New Construction YN No Number Of Units Total 11 Operating Expense 24867.00 Operating Expense Includes Cable TvInsuranceSnow RemovalTrash Original MLSNumber 801869703040 Other Expense 17676.00 Owner Pays Cable TvInsuranceSewerSnow RemovalTaxes - Real EstateTrash Collection Ownership Interest Fee Simple Possession Subject To Existing Lease Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 7251.00 Tax Assessment Amount 191000.00 Total Actual Rent 80940.00 Trash Expense 1152.00 Utilities Cable Tv Available Vacation Rental YN No Water Source Public Zoning Commercial

Listing courtesy of Berkshire Hathaway Homeservices Homesale Realty: .


©2022 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: 2022-10-03T06:54:36.443.
 
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The Craig Hartranft Team, Berkshire Hathaway Homesale Realty
150 North Pointe Blvd.
Lancaster PA, 17601