19 & 25 S Ann St, Lancaster, PA 17602
- $849,000
- List Price
- $849,000
- Days on Market
- 0
- Status
- COMING SOON
- MLS#
- PALA2095166
- Lot Size (Acres)
- 0.12
- Year Built
- 1900
- County
- Lancaster
- School District
- School District Of Lancaster
Property Description
A rare opportunity to invest in Lancaster City's thriving rental market. This offering includes two nearly adjacent, recently renovated buildings totaling 15 income-producing units — 3 self-contained apartments plus 12 licensed rooming units with shared kitchens and baths. Fully occupied and professionally managed, this turn-key asset carries all licensing already in place for its current use, positioning it in one of Lancaster's highest-demand housing segments: attainable, affordable rentals. Comprehensive 2025 renovations minimize near-term capital expenditures. Priced to reflect an 8% cap rate on realistic operating expenses (including management and maintenance), this is a stabilized, cash-flowing asset ready to add to your portfolio — available together or as two individual properties. Solid brick construction, public water/sewer, and on-site parking round out the offering. Don't miss the opportunity!
Additional Information
- Area
- Lancaster City (10533)
- Taxes
- $10537
- School District
- School District Of Lancaster
- Elementary School
- Burrowes
- Middle School
- Lincoln M.S.
- High School
- Mccaskey H.S.
- Flooring
- Vinyl
- View
- City
- Heating
- Hot Water, Radiator
- Heating Fuel
- Natural Gas
- Cooling
- Window Unit(s)
- Roof
- Rubber, Architectural Shingle
- Utilities
- Electric Available, Natural Gas Available, Sewer Available, Water Available
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Astoria Realty Advisors LLC. Contact: 7174256264