4 Unit Apartment Building For Sale
Build Your Wealth One Property at a Time
Lancaster PA is an excellent place to start
347 W King St, Lancaster PA
- 4 unit apartment building
- Energy Efficient
- Tenant Paid Heat
- Good property manager in place
- Extensive rehab already done
- Very little maintenance
The surrounding area is mixed with commercial and residential. King St is the main route running east through the city. This makes for exceptional public transportation with a bus stop right outside the front door. Restaurants and shopping are within easy walking distance.
This property borders a residential apartment on one side and a nice pharmacy on the other. The pharmacy has a parking lot that wraps the side and rear yards. This parking lot is gated and closed at night. A chain link fence separates the parking lot and the yard. This pharmacy has undergone an extensive upgrade. I am proud to have it beside my property. With a cleanly run business like this beside you your tenants will appreciate the peace and quiet. Well run, clean businesses tend to be better neighbors than residents, in my opinion.
Across the street sits a beautiful chapel. Its high 4 pronged steeple graces the streets below.
The convention center which has been creating buzz in the last years is just up the street.
Work completed in the past 6 years
By previous owner
- All new vinyl windows (27)
- Updated kitchens
- Tile installed in kitchens
(All floors are tile and some backsplashes)
Work Completed Since 2009
By our contractors
- Flat rubber roofs; 1 repaired and 1 replaced
- Complete new plumbing
- 4 new water heaters
- Paint front on building
- Complete Painting of 3 units, doors and trim of fourth unit
- Cosmetics that are too long to list
- Brought entire apartment up to City Code
Contact me with any questions. I will email you a cash flow pro forma with all the numbers at your request.
Dave Miller, Realtor