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602 St Joseph St, Lancaster, PA 17603

$290,000

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List Price: $290,000
Status: ACTIVE
Days on Market: 12
MLS#: PALA2094002
Subtype: Commercial Sale
Year Built: 1900
Lot Size: 1,742
Acres: 0.04
MLS Area Major: Lancaster City (10533)

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Property Description

Excellent opportunity to purchase a fully leased, recently renovated property in the SOWE District of Lancaster City. This is a 2 unit investment featuring a commercial tenant on the first floor front of the building and a 4 bed/1 bath apartment with access to the side and rear of the building. The property has recently been improved with a new commercial storefront and facade improvement occurring in 2019. During that time the HVAC was also replaced. Investors should take note that a brand new roof was installed in 2023. All of this while the rents remain abnormally low, and Buyer can insert there management and bring the rents back to market rate. See MLS PALA2094054 for Lease information.

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Additional Information

Taxes: $4,867
Zoning: R-3-RESIDENTIAL MEDIUM
Flooring: Hardwood
Heating: Forced Air
Air Conditioning: Central Air
Roof: Rubber, Shingle
School District: School District Of Lancaster