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Off market
  • $314,000

    516 Manor St #518, Lancaster, PA 17603

    --beds
    0baths
    3,230sqft
    MultiFamily
    Built in 1905
    -- sqft lot
    $314,000 Zestimate®
    $97/sqft
    $1,370 Estimated rent

    What's special

    Talk about a UNIQUE investment opportunity - take a look at this one. FIRST, you have two adjacent single-family dwellings on 1 deed, NEW rubber roof on both units, strong rents (fully leased) with low expenses (tenants pay all utilities) and an attractive cash flow & return (see Economic Analysis in documents). PLUS, these spacious homes are prime candidates to transform 2 units into 5, offering a projected annual rental income of $48,600. While your imagination starts to churn, consider the fact that 516 Manor offers access for Off-Street parking via Lafayette St, and the possibility to develop off-street parking for all 5 potential units - that's a asset booster in a parking-crunched neighborhood. PLUS this offering is within the Federal Opportunity Zone which provides the possibility of deferring capital gains into this investment (talk to your Tax Advisor for the details). WHAT ELSE is there to do but to schedule your showing, take a look, and bring your offer? Oh, and the seller will entertain the possibility of partial seller financing as a 2nd mortgage.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Forced air, Radiant
    Cooling
    • None
    Interior area
    • Total interior livable area: 3,230 sqft

    Property

    Lot
    • Size: 4,356 sqft

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1905

    Community & neighborhood

    Location
    • Region: Lancaster
    Services availability
    Sell for more on Zillow
    Get a free Zillow Showcase℠ listing and you could sell for .
    $314,000
    2% more+ $6,280
    With Zillow Showcase(estimated)
    $320,280