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Offered by:
Kingsway Realty

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645 E Orange Street
Lancaster, PA 17602
MLS# PALA157714 ID: 62764447
5 BR • 2 BA • 2544 sq.ft.
$390,000
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Property Description
TWIN/SEMI-DETACHED, TRADITIONAL - LANCASTER, PA Here is your shot at owning a rare mixed use commercial/residential property in a prime Lancaster City Location! Building consists of 3 units, 2 residential and 1 commercial. LARGE 4 bedroom residential covers two stories. 3 total rooms studio in the back of the building. A commercial store front facing Orange Street with excellent traffic count and significant foot traffic. This property is located just minutes from every major highway for easy commute. Just a stone's throw from Center City Lancaster, this property is sure to draw lots of quality tenants to ensure excellent cash flow. The possibilities are endless given the mixed zoning, you can rent out the commercial space to a thriving local business, and rent out the residential units to maximize on your investment. In the rear the potential for off-street parking exists allowing for increased cash-flow. At a 7% cap rate and a $33,800 NOI Potential, this property fully rented at the going rental prices is listed well below market value. Don't miss out on this opportunity to add this building to your vibrant investment portfolio!
Property Features
Status
Last Updated February 18, 2020
Market Status Available
Description
Property Type Single Family Home
Year Built 1870
Bedrooms 5
Bathrooms 2 full
Approx. Lot Size .1 Acres
Sq. Feet 2544
Building Features
Basement
Cooling System Window Unit(s) A/C
Heating System Radiator
Exterior Features
Exterior Construction Brick
Legal/Financial
Taxes 7031
Listing Features
Property Type Residential; Single Family Attached
Room Details
Additional Areas Bedroom; Bedroom; Bedroom; Bedroom; Bedroom; Full Bath; Full Bath

Data Provided by TREND MLS

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