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!

Property Features

Local Schools