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WhartonElementary School
Mccaskey CampusHigh School
Description
Rare opportunity to own a 4-unit building in the heart of Lancaster's West side and Chestnut Hill neighborhood. Located on West Lemon Street, within walking distance to downtown and Central Market, F&M, Buchanan Park, schools, Nightlife, restaurants, galleries, neighborhood stores and shops.
Also located in the City's STR (Short Term Rental) district (see attached).
We have completely gutted the property and all Electrical (including panels), Mechanical (dedicated, individual heat pump systems in each unit) and Plumbing is brand new (supply and waste lines). Two units have beautiful 1" original wood floors. Architect sealed commercial plans approved and all MEPI's will be signed off by Lancaster City and provided to buyer prior to settlement. This means that the property will be delivered to buyer framed and ready for drywall and fixtures. Unit 1 has kitchen cabinets, sink and faucet. SEE Document section for more info and plans. The hard stuff is done! It's ready for your vision!
Projected NET annual Income is $50,700.
*This property is best suited for an experienced "flipper".
Seller is licensed PA Realtor and property owner.
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Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 9th June, 2023 6:53 PM (UTC)