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  • $510,000

    445 W Lemon St, Lancaster, PA 17603

    4beds
    5baths
    2,464sqft
    Quadruplex
    Built in 1898
    -- sqft lot
    $561,800 Zestimate®
    $207/sqft
    $-- HOA

    What's special

    Rare opportunity to own a 4-unit building in the heart of Lancaster's West side and Chestnut Hill neighborhood. Located on West Lemon Street, within walking distance to downtown and Central Market, F&M, Buchanan Park, schools, Nightlife, restaurants, galleries, neighborhood stores and shops. Also located in the City's STR (Short Term Rental) district (see attached). We have completely gutted the property and all Electrical (including panels), Mechanical (dedicated, individual heat pump systems in each unit) and Plumbing is brand new (supply and waste lines). Two units have beautiful 1" original wood floors. Architect sealed commercial plans approved and all MEPI's will be signed off by Lancaster City and provided to buyer prior to settlement. This means that the property will be delivered to buyer framed and ready for drywall and fixtures. Unit 1 has kitchen cabinets, sink and faucet. SEE Document section for more info and plans. The hard stuff is done! It's ready for your vision! Projected NET annual Income is $50,700. *This property is best suited for an experienced "flipper". Seller is licensed PA Realtor and property owner.

    Zillow last checked: 7 hours ago

    Listing updated: June 09, 2023 at 05:02pm

    Listed by:

    Jenny Rule 717-808-0143,

    Iron Valley Real Estate of Lancaster

    Bought with:

    Donna Shaw, RS220269L

    RE/MAX SmartHub Realty

    Source: Bright MLS,MLS#: PALA2030230MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 5
    Basement
    • Area: 0
    Heating
    • Heat Pump, Forced Air, Electric
    Cooling
    • Central Air, Heat Pump, Electric
    Appliances
    • Included: Gas Water Heater
    Features
    • Windows: Double Hung, Double Pane Windows, Insulated Windows, Replacement, Screens, Storm Window(s), Vinyl Clad
    • Basement: Drain,Exterior Entry,Partial,Sump Pump
    • Has fireplace: No
    Interior area
    • Total structure area: 4,928
    • Total interior livable area: 2,464 sqft

    Property

    Parking
    • Parking features: On Street
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: Accessible Doors
    Features
    • Exterior features: Lighting, Flood Lights, Rain Gutters, Sidewalks
    • Pool features: None
    Lot
    • Size: 2,614 sqft
    • Features: Level, Rear Yard
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 3391314600000
    • Zoning: R2
    • Zoning description: Multi unit Commercial
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    • Property subtype: Quadruplex
    Materials
    • Brick, Masonry
    • Foundation: Block, Crawl Space, Wood
    • Roof: Architectural Shingle,Rubber
    Condition
    • New construction: No
    • Year built: 1898

    Utilities & green energy

    • Electric: 200+ Amp Service
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Connected, Natural Gas Available, Cable

    Community & neighborhood

    Security
    • Security features: Motion Detectors, Fire Escape
    Location
    • Region: Lancaster
    • Subdivision: Chestnut Hill
    • Municipality: LANCASTER CITY

    HOA & financial

    Other financial information
    • Total actual rent: 62400

    Other

    Other facts
    • Listing agreement: Exclusive Agency
    • Income includes: Apartment Rentals
    • Listing terms: Cash
    • Ownership: Fee Simple
    Services availability
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