• 534 W James Street LANCASTER, PA 17603

  • $1,650,000
  • 0
    Bed(s)
  • 0
    Baths
  • 0
    Sq Ft
  • 2614
    Sqft

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.

Property Type :

Multi-Family

Subdivision :

College Hill

County :

LANCASTER

Style :

Multi-Family

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Property Details

 

Water/Sewer

Water Source : Public

Interior Features

Additional Stairway

Exterior Property Features : Fire Escape,Sidewalks,Street Lights

Basement Description: Unfinished

Heating & Cooling

Cooling: Window Unit(s),Multi Units

Heating: Baseboard - Electric

Cooling Fuel: Electric

Heating Fuel: Electric

Building Information

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

Exterior Features

Utilities: Cable TV Available,Electric Available,Natural Gas Available,Sewer Available,Water Available

Pool Information

Pool: No Pool

Utility Features

Sewer: Public Sewer

Water

Water Heat: Natural Gas

Lot Information

Lot Size: 2,614

Dimensions: 0.00 x 0.00

Lot Size (Acres): 0.06

Architectural Style: Traditional

Main Square Feet: 2,614

Property Information

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

Listing Information

Possession: Immediate

Days Of Market: 3

Tax Information

Annual Tax: $8,246

Tax Year: 2022

Total Taxes Payment Frequency: Annually

Possession

Immediate

Assessment Information

Taxes Assessment Amount: $208,400

Virtual Tour

Parking Information

Total Parking Spaces: 0

Parking Type: None

Has Garage: N

Multi-Unit Information

Acceptable Financing: Cash,Bank Portfolio,Exchange

Homeowners Association Information

Direction: Corner of W. James and N. Pine Streets

School Information

Elementary School: WHARTON

Middle OR Junior School: JOHN F REYNOLDS

High School: MCCASKEY CAMPUS

School District: SCHOOL DISTRICT OF LANCASTER

Utility Information

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

Location Information

Direction: Corner of W. James and N. Pine Streets

Nearby Home Value

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

Data provided by Bright MLS. Property information is for the users personal, non-commercial use. Information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties that appear on the website may no longer be for sale, and may be under contract or sold. ©2024 Bright MLS, All Rights Reserved. Information is reliable but not guaranteed.

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.

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