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.
Off market
$302,200
516 Manor St #518, Lancaster, PA 17603
--beds
0baths
3,230sqft
MultiFamily
Built in 1905
-- sqft lot
$302,200 Zestimate®
$94/sqft
$1,554 Estimated rent
Owner options
What's special
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$302,200
2% more+$6,044
With Zillow Showcase(estimated)$308,244