$1,650,000 $8,858 est/mo Sourced by Back At You

534 W James St,Lancaster, PA 17603

Lancaster PA, 17603

Share with a friend

Description

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.

Details

MLS#PALA2049324
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year1890
Days On Site65
Listing Provided ByRE/MAX Pinnacle | Gilbert B Lyons Jr
Buying Commision3% Of Gross
Listing CommissionOf Gross

Features

ZoningR-4
Acreage0.06

Market Activity 17603

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Bright MLS. 

© 2024 Bright MLS, All Rights Reserved

Request a showing

Request a showing

Loading Form
Listings Checked: 1 minute ago

Contact

Learn More About This Property

StatePA
CountyLancaster
CityLancaster
Zip Code17603
AreaLancaster City
Community NameCollege Hill
School DistrictSchool District Of Lancaster
Elementary SchoolWharton
Middle SchoolJohn F Reynolds
High SchoolMccaskey Campus
Listing VS Median (in College Hill)
Price:
$1,650,000
low | high
Med:
$349,900
100% of Average
On Site:
65
low | high
Med:
23.000000
100% of Average
Sourced by Back At You
Listing Updated: June 7, 2024 at 11:09:00 PM PDT