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61 Spencer, Lancaster, PA 17603

$535,000

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List Price: $535,000
Status: ACTIVE
MLS#: PALA2091902
Subtype: Multi-Family
Style: Converted House
Year Built: 1920
Lot Size: 9,148
Acres: 0.21
Subdivision: Hamilton Park
MLS Area Major: Lancaster Twp (10534)

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Property Description

Fully leased 4-unit brick multifamily property located in Lancaster Township, in the established Hamilton Park / West End neighborhood just south of Franklin & Marshall College and minutes from Downtown Lancaster. The unit mix consists of one 4-bed/1bath, one two bed/1bath, and two 1-bedroom/1-bath units. The property sits on a quiet, tree-lined residential street with strong long-term rental demand driven by proximity to F&M College, downtown Lancaster's restaurants, retail and employers, and easy access to Routes 30 and 501. Solid brick construction and a stable, established residential setting make this a low-maintenance hold with consistent tenant demand. A turnkey opportunity for an investor seeking a stabilized multifamily asset in one of Lancaster City's most desirable residential areas.

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Additional Information

Taxes: $7,139
Property Description: Converted House
Zoning: R2 - RESIDENTIAL
Appliances: Washer/Dryer Hookups Only
Heating: Radiator(s)
Air Conditioning: Central Air
Roof: Composition, Shingle
Foundation: Other
School District: School District Of Lancaster