Thank you
Gilbert B Lyons Jr
RE/MAX Pinnacle
717-569-2222
Prime Investment Opportunity: 11-Unit Property at 534 W. James Street, Lancaster, PA ?? Discover an exceptional investment opportunity in the heart of Lancaster, PA, with this impressive 11-unit property located at 534 W. James Street. Situated in a vibrant neighborhood close to prestigious institutions such as F&M College and Lancaster Theological Seminary, as well as a plethora of dining, entertainment, and recreational options, this property promises not only lucrative returns but also a desirable location for tenants seeking convenience and culture. The Location: Convenience meets culture at 534 W. James Street. Nestled within walking distance to many great restaurants, coffee shops, and brew pubs, tenants will have easy access to Lancaster's culinary and social scene. Moreover, the property's proximity to Buchanan Park offers tenants a serene retreat for outdoor leisure activities. Within a short walk, residents can explore galleries, visit the historic Central Market, or enjoy an evening out at local brew pubs, making this location highly desirable for urban living enthusiasts. The Property: Boasting a mix of studio, one-bedroom, and two-bedroom units, this investment property caters to a diverse range of tenants, ensuring high occupancy rates and steady cash flow. Each unit is thoughtfully designed to maximize comfort and functionality. Safety and Compliance: Investors can rest assured knowing that the property is fully equipped with sprinkler systems for added safety, meeting the highest standards of fire protection. Additionally, the property is licensed by the City of Lancaster, ensuring compliance with local regulations and providing peace of mind to both owners and tenants alike. Income Potential: With its prime location and attractive unit mix, 534 W. James Street presents an exceptional income-generating opportunity for savvy investors. The property's proximity to academic institutions makes it particularly appealing to students and faculty members seeking off-campus housing. Additionally, the bustling neighborhood and array of nearby amenities ensure a steady stream of potential tenants year-round. Conclusion: Don't miss out on the chance to add this lucrative investment property to your portfolio. Whether you're a seasoned investor looking to expand your holdings or a first-time investor seeking a promising opportunity, 534 W. James Street offers the perfect combination of location, income potential, and safety.
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Water Source : Public
Additional Stairway
Exterior Property Features : Fire Escape,Sidewalks,Street Lights
Basement Description: Unfinished
Cooling: Window Unit(s),Multi Units
Heating: Baseboard - Electric
Cooling Fuel: Electric
Heating Fuel: Electric
Exterior Features: Fire Escape,Sidewalks,Street Lights
Year Built: 1890
Structure: Other
New Construction: No
Total Units: 4
Built: 1890
Construction Material: Brick
Foundation/Basement: Stone
Architecture: Traditional
Pool/Private: No Pool
Utilities: Cable TV Available,Electric Available,Natural Gas Available,Sewer Available,Water Available
Pool: No Pool
Sewer: Public Sewer
Water Heat: Natural Gas
Lot Size: 2,614
Dimensions: 0.00 x 0.00
Lot Size (Acres): 0.06
Architectural Style: Traditional
Main Square Feet: 2,614
SQ ft: 0
SQ ft (Living Area): 0
Total Lot SQ ft: 2,614
Subdivision: COLLEGE HILL
Financing: Cash,Bank Portfolio,Exchange
Appx. Lot Dimensions: 0.00 x 0.00
Total Acreage: 0.06
New Construction: No
Type: Traditional
Possession: Immediate
Days Of Market: 3
Annual Tax: $8,246
Tax Year: 2022
Total Taxes Payment Frequency: Annually
Immediate
Taxes Assessment Amount: $208,400
Total Parking Spaces: 0
Parking Type: None
Has Garage: N
Acceptable Financing: Cash,Bank Portfolio,Exchange
Direction: Corner of W. James and N. Pine Streets
Elementary School: WHARTON
Middle OR Junior School: JOHN F REYNOLDS
High School: MCCASKEY CAMPUS
School District: SCHOOL DISTRICT OF LANCASTER
Cable TV Available,Electric Available,Natural Gas Available,Sewer Available,Water Available
Water Source: Public
Sewer: Public Sewer
Cooling Fuel: Electric
Heating Fuel: Electric
Hot Water: Natural Gas
Direction: Corner of W. James and N. Pine Streets
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
Charlestown Road , Lancaster, PA,17603 | $749,500 | -- | -- | 152,460 | 152460 Sqft |
2208 Columbia Avenue , Lancaster, PA,17603 | $599,999 | -- | -- | 24,394 | 24394 Sqft |
128 Stillcreek Road #15, Lancaster, PA,17603 | $825,000 | 4 | 3.5 | -- | 12632 Sqft |
20 Millersville Road , Lancaster, PA,17603 | $114,500 | -- | -- | 5,227 | 5227 Sqft |
188 Waypoint Drive , Lancaster, PA,17603 | $250,000 | -- | -- | 40,075 | 40075 Sqft |
451 S Prince Street , Lancaster, PA,17603 | $489,900 | 3 | 2.0 | -- | 8712 Sqft |
618 S West End Ave , Lancaster, PA,17603 | $650,000 | -- | -- | -- | 17424 Sqft |
Land, Lancaster, PA,17603 | $495,000 | -- | -- | 32,234 | 32234 Sqft |
208 Oakfield Court W, Lancaster, PA,17603 | $69,900 | 2 | 2.0 | 980 | -- |
215 N Queen Street , Lancaster, PA,17603 | $995,000 | -- | -- | 7,405 | 7405 Sqft |
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ByOwner last updated this listing 04/29/2024 @ 14:47
MLS: PALA2049320
LISTED BY: Gilbert B Lyons Jr , RE/MAX Pinnacle
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.