210 Ruby Street, Lancaster, PA 17603
- Bed
- 1
- Sqft
- 2,042
View property features, location on map, relevant school information and overview from seller's agent.
- 0
- 0
Overview
Exceptional Investment Opportunity! Updated Two-Unit Property in Lancaster City's Coveted West End!
Unlock immediate income potential with this **fully updated and meticulously maintained** multi-family property, perfectly situated in the highly sought-after West End neighborhood of Lancaster City. excellent walkability, and proximity to downtown amenities, this location ensures high tenant demand!
This property has been completely refreshed, offering **turn-key readiness** for investors or owner-occupants looking for substantial rental income. Every unit has received significant updates, ensuring low initial maintenance.
* **Unit 1 (First Floor):** A comfortable **1 Bedroom Apartment** featuring an eat-in kitchen, separate living area, and a fully updated bathroom. Rented at $1,350 Parking included.
Unit 2 (Second Floor): A spacious **4 Bedroom Apartment** complete with a full updated bathroom, eat-in kitchen, and dedicated living area. rented at $2,400
Two Generous Bedrooms located on the top level, likely utilizing space on both floors for a unique layout.
2 off street parking, tenants pays additional for parking spaces in the back of the home, extra income generation!
Complete Updates: All living spaces have been significantly upgraded, including, newly renovated bathrooms, updated kitchens, fresh flooring, new paint, and modern light fixtures.
Income Generating: This property is truly ready and delivering immediate cash flow.
Investment Appeal: The desirable West End location guarantees strong rental interest and high potential rental rates.
Total Rental Income
Unit 1: $1,300 / month
Unit 2: $2,400 / month
Total monthly rent:
1350 + 2400 = 3750
Annual rent:
3750 × 12 = 45,000
Total yearly rental income = $45,000
Operating Expenses
Monthly expenses: $50 monthly trash/sewer
50 × 12 = 600
yearly: $1,400 (heat winter months 150$ 3 months 30$ to 40$ summer/spring/fall)
Total expenses: 600 + 1,400 = 2,000
Net Operating Income (NOI)
45,000 - 2,000 = 43,000
NOI = $43,000
(mortgage is not included)
mortgage: $1,800 monthly
Cap Rate
Property Value
Cap Rate = 12%-12.5%
This is a rare chance to acquire a fully renovated multi-family asset in one of Lancaster’s premier residential areas. Minimize your turnover risk and maximize your returns with move-in-ready units!
Don't miss the chance to own a prime, income-producing asset in Lancaster's best neighborhood!
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of bedrooms
- 1
- Square feet
- 2,042
- Lot size (acres)
- 0.05
- Year built
- 1910
Interior features
- Basement
- Yes
Utilities
- Heating
- Natural gas, Hot water, Radiant
- Cooling
- None
- Sewer
- Public sewer
- Water
- Public
Taxes
- Tax Annual Amount (2025)
- $5,329
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Bright MLS MLS®#: PALA2084112 Last checked: …

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