457 - 455 Manor Street, Lancaster, PA 17603
- Beds
- 5
- Sqft
- 1,584
View property features, location on map, relevant school information and overview from seller's agent.
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Overview
Exceptional Investment Opportunity | Income-Producing Duplex!
Well-located two-unit property in a highly walkable area with convenient access to local shops, restaurants, and everyday amenities.
This income-producing, tenant-occupied duplex offers immediate cash flow with additional value-add potential.
Unit 455 is currently rented at $965/month. Unit 457 is a 3-bedroom, 1-bath unit rented at $1,150/month and includes washer/dryer hookups. The property features one long-term tenant, providing stability and consistent rental income.
Recent updates include a new furnace, a new stove in 455 and updated fencing, reducing near-term capital expenses.
Owner currently pays water, sewer, and trash. Property is being sold as-is. With cosmetic improvements, there is an opportunity to increase rents to market rates and further enhance returns.
Current cap rate is 7%.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of bedrooms
- 5
- Square feet
- 1,584
- Lot size (acres)
- 0.02
- Year built
- 1900
Utilities
- Heating
- Natural gas, Other
- Cooling
- None
- Sewer
- Public sewer
- Water
- Public
Taxes
- Tax Annual Amount (2018)
- $1,160
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®#: PALA2086140 Last checked: …
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