221-223 W KING STREET
LANCASTER, PA 17603
$2,548,500
Sq. Ft.: 8,666
Type: Commercial
Listing #PALA2046434
15 Unit Property - 13 Residential Units & 2 Commercial Units- Seller open to holding a second mortgage- see agent for details. Just off a top-to-bottom renovation that brought fresh andinnovative ideas, the Kings Place Apartments is a 15-unit propertyset up for long term cash flow and appreciation. Units have beenthoughtfully designed to provide all the amenities tenants wany in anefficient and comfortable space. Each unit includes a washer & dryer,dishwasher, granite counters, luxury vinyl plank floors, tilebathrooms, gleaming white cabinets, stainless steel appliances, andmuch moreThe building has been outfitted with new electric, HVAC, plumbing,new doors, and upgraded hallways. There are 16 on-site parkingspaces, which are leased separately to tenants and neighbors. Theproperty has a detached "Carriage House" in the rear that is acomplete house with a 1 car garage, 3 bedrooms, and an open livingspace.The ground floor front has 2 commercial spaces. One is leased on a5-year initial term with options to Denim Coffee, a regional favoriteand established brand. The second space has a tenantlined up.Located in rapidly appreciating neighborhood of Lancaster City with future benefit from CRIZ programs.
Listing Courtesy of: Capstone Commercial (717) 819-2825
Property Features
County: LANCASTER
Municipality: LANCASTER CITY
Latitude: 40.0379982
Longitude: -76.3092804
MLS Area: Lancaster City (10533)
Heating: Forced Air
Heating Fuel: Electric
Cooling: Ductless/Mini-Split
Is New Construction: No
Septic or Sewer: Public Sewer
Water: Public
Lot Size in Acres: 0.22
Commercial/Industrial Type: Apartment Building
Approximate Net Sq. Ft.: 8,666
ListDate: 2024-02-01 00:00:00.0
Property SubType: Commercial Sale
Year Built: 1920
Status: Active
Tax Year: 2022
Tax Amount: $12,100
$ per month
Year Fixed. % Interest Rate.
| Principal + Interest: | $ |
| Monthly Tax: | $ |
| Monthly Insurance: | $ |
© 2024 Bright MLS - TREND, Central Penn, Keystone. All rights reserved.
© 2024 BRIGHT. All rights reserved.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Gacono Real Estate participates, and is provided by BRIGHT through a licensing agreement. Real estate listings held by brokerage firms other than Gacono Real Estate are marked with the IDX icon, and detailed information about each listing includes the name of the listing broker. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. Home sale information is not to be construed as an appraisal and may not be used as such for any purpose. BRIGHT MLS is a provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Information Deemed Reliable But Not Guaranteed.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Gacono Real Estate participates, and is provided by BRIGHT through a licensing agreement. Real estate listings held by brokerage firms other than Gacono Real Estate are marked with the IDX icon, and detailed information about each listing includes the name of the listing broker. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. Home sale information is not to be construed as an appraisal and may not be used as such for any purpose. BRIGHT MLS is a provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Information Deemed Reliable But Not Guaranteed.
BRIGHT(MRIS/Trend) data last updated at May 7, 2024 10:55 PM ET
Real Estate IDX Powered by iHomefinder