Turn Key 5 unit building(4 units/large 2 bay garage) located in Historic Downtown Lancaster City. Lancaster City rentals are in high demand and 540-542 E King St is an opportunity for you to join the amazing growth that Lancaster City is experiencing or add to your already existing portfolio. This property has 4 , large 1 bedroom apartments. In addition to the 4 units, the property offers two large garages for additional income potential or personal use. There is ample space for parking to offer to the tenants or for additional monthly revenue. ****There is an additional studio unit currently not being rented that could potentially be licensed and added to the rent roll.*****
MLS # | PALA2058990 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Pending-bright |
Year | 1890 |
Days On Site | 270 |
Listing Provided By | Keller Williams Elite | Matthew Joseph Koch |
Zoning | RESIDENTIAL |
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Acreage | 0.18 |
Cooling | Wall Unit |
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Heating Yes / No | Yes |
Heating | Baseboard - Electric |
Construction Materials | Brick, Masonry |
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Garage Yes / No | No |
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Sewer | Public Sewer |
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Tax Year | 2025 |
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Tax Annual Amount | 7803 |
State | PA |
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County | LANCASTER PA |
City | LANCASTER |
Zip Code | 17603 |
Area | Lancaster City (10533) |
School District | SCHOOL DISTRICT OF LANCASTER |
Listing VS Median (in 17603) | |
Price: $610,000 low | high Med: $299,950 On site: 270 low | high Med: 13.500000 |