534 W JAMES STREET
LANCASTER, PA 17603

$1,650,000

Number of Units: 4
Type: Multi-Unit Residential
Listing #PALA2049320
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.
Listing Courtesy of: RE/MAX Pinnacle (717) 569-2222
Property Features
Location Information
County: LANCASTER
Municipality: LANCASTER CITY
Cross Street: N. Pine
Latitude: 40.04462433
Longitude: -76.31729126
MLS Area: Lancaster City (10533)
Subdivision: COLLEGE HILL
Interior Features
Heating: Baseboard - Electric
Heating Fuel: Electric
Cooling: Window Unit(s), Multi Units
Water Heater: Natural Gas
Basement Description: Unfinished
Has Basement: Yes
Number of 1 Bedroom Units: 5
Number of 2 Bedroom Units: 4
Number of 3 Bedroom Units: 0
Total Number of Units: 4
Exterior Features
Is New Construction: No
Exterior: Fire Escape, Sidewalks, Street Lights
Foundation: Stone
Septic or Sewer: Public Sewer
Water: Public
Has Garage: No
Lot Size in Acres: 0.06
Zoning: R-4
Transportation: Bus Stop less than 1 mile, Commuter Rail Station le
School
Elementary School: WHARTON
Jr. High School: JOHN F REYNOLDS
High School: MCCASKEY CAMPUS
Additional Information
ListDate: 2024-04-09 00:00:00.0
Property SubType: Other
Year Built: 1890
Status: Active
Tax Year: 2022
Tax Amount: $8,246


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Monthly Tax: $
Monthly Insurance: $
Term
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List Price:
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
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