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Danielle Wateridge

danielle.wateridge@gmail.com +1(703) 639-8869

$ 795,000

Est. payment -/mo

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Price Dropped by $24K

364 S QUEEN ST Lancaster, PA 17603

3,800 SqFt

UPDATED:

10/17/2024 12:32 AM

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,800 sqft

Price per Sqft $209

Subdivision Lancaster City Ward 4

MLS Listing ID PALA2056920

Originating Board BRIGHT

Year Built 1890

Annual Tax Amount $6,790

Tax Year 2024

Lot Size 2,178 Sqft

Acres 0.05

Property Description

Multi-Family Investment Opportunity in downtown Lancaster City, PA! Located just 4 blocks from Penn Square and walking distance to all that downtown Lancaster City has to offer. Built as apartments, this turnkey rental property, consisting of (4) one-bedroom, (3) two-bedroom and (1) three-bedroom units, has made a wonderful long term investment for cash flow. Gas and electric metered separately for each apartment. Historically, the building has had a low turnover rate with many long term tenants. For those investors looking for a huge value add opportunity, this is it.

Location

State PA

County Lancaster

Area Lancaster City (10533)

Zoning 513APT

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling None

Flooring Wood, Vinyl

Inclusions Stoves, refrigerators

Heat Source Natural Gas

Exterior

Utilities Available Cable TV Available

Waterfront N

Water Access N

Roof Type Rubber

Accessibility 2+ Access Exits

Parking Type On Street

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

High Schools Mccaskey Campus

School District School District Of Lancaster

Others

Tax ID 334-18990-0-0000

Ownership Fee Simple

SqFt Source Estimated

Security Features Smoke Detector

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional

Special Listing Condition Standard

Listed by Luis R. Ortega Jr. • Weichert Realtors - The Ortega Group

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