Pending
365 College Ave
Lancaster PA, 17603
$545,000
$161.48 per sqft
Pending
6 Beds
3,375 sqft
Multi-family
Built in 1905
SHOWINGS STARTING THURSDAY 1/30 .
This fully-leased, 4-unit property offers a seamless blend of charm and functionality, making it a standout option for investors. Situated on a spacious corner lot by F&M College & West ART, everything tenants need is within walking distance. Recent upgrades include a newer roof (2019, per prior Seller's disclosure) & new gas furnace serving heat for the entire property. Each unit has its own private entrance which means there is no common halls. Off-street parking for 3 cars plus free street parking. Seller has kept rents low, intentionally. Market value rents in current condition would produce a 6.9% cap rate. Additional value adds include providing laundry for tenants, installing cooling systems, and renting the parking spaces. Potential to lease to college students for a higher rent and continual student base tenants. Tenants pay for electric. Landlord pays all other expenses. Agents can view the proforma under Documents or please request it. Information herein is deemed accurate however buyer shall confirm any information deemed important to them
PALA2063562
MLSⓇ ID
January 28, 2025
Listed
February 1, 2025
Updated
Map
365 College Ave
Lancaster PA, 17603
Interior Features
Total Stories
3
Bedrooms
6
Appliances
Electric Water Heater
Fireplace
No
Cooling
Yes
Cooling Description
Window Unit(s)
Heating
Yes
Heating Description
Natural Gas
Exterior/Building Features
Lot Size
0.12 Acres
Architectual Style
Other
Roof
Rubber
Sewer
Public Sewer
School Information
School District
SCHOOL DISTRICT OF LANCASTER
Other Property Details
Area Name
LANCASTER CITY
Taxes
$10,025
Tax Frequency
Annually
Days on Market
5
Garage
No
Parking
Off Street, On Street
Parking Total
3
View
Yes
View Description
City
County
LANCASTER
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
2/1/2025 | Pending | — |
Listed by PPM Real Estate, Inc.
Listing Contact: 7173943374
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Data last updated on 2/1/2025 at 6:16 PM UTC
