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Listed by Matthew Joseph Koch • Keller Williams Elite
$599,900
Est. payment /mo
7,841 Sqft Lot
Active
540-542 E KING ST Lancaster, PA 17603
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Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PALA2058990
Year Built 1890
Available Date 2024-10-21
Annual Tax Amount $7,803
Tax Year 2025
Lot Size 7,841 Sqft
Acres 0.18
Lot Dimensions 0.00 x 0.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Turn Key 5 unit building(4 units/large 2 bay garage) located in Historic Downtown Lancaster City. Lancaster City rentals are in high demand and 540-542 E King St is an opportunity for you to join the amazing growth that Lancaster City is experiencing or add to your already existing portfolio. This property has 4 , large 1 bedroom apartments. In addition to the 4 units, the property offers two large garages for additional income potential or personal use. There is ample space for parking to offer to the tenants or for additional monthly revenue. ****There is an additional studio unit currently not being rented that could potentially be licensed and added to the rent roll.*****
Location
State PA
County Lancaster
Area Lancaster City (10533)
Zoning R3
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Wall Unit
Heat Source Electric
Exterior
Garage Spaces 2.0
Water Access N
Accessibility None
Total Parking Spaces 2
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District School District Of Lancaster
Others
Tax ID 337-31416-0-0000
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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