About 514 W Orange St
Unlock the potential of cash flow with this Exceptional Triplex located in the heart of Lancaster, PA! This multi-family residential property offers a unique opportunity for investors looking to expand their portfolio or enter the rental market. Property Highlights: Three Separate Units : Each unit is designed for optimal living space, providing tenants with comfort and privacy. Strong Rental History : This property has a proven track record of consistent rental income, making it a reliable investment choice. Prime Location : Situated in a vibrant West End neighborhood, residents will enjoy easy access to local amenities, public transportation, and the rich culture of Lancaster City. Cash Flow Potential : With the ability to generate significant monthly income, this triplex is perfect for investors seeking to maximize their return on investment. Off Street Parking : Currently 3 of 4 parking spots are leased for $30/month/spot generating additional recurring revenue. Opportunity for Value-Add : With some updates and renovations, you can increase rental rates and enhance property value.
Features of 514 W Orange St
| MLS® # | PALA2075690 |
|---|---|
| Price | $457,000 |
| Bathrooms | 0.00 |
| Square Footage | 2,604 |
| Acres | 0.08 |
| Year Built | 1890 |
| Type | Multi-Family |
| Sub-Type | Triplex, Twin/Semi-Detached |
| Style | Traditional |
| Status | Active |
Community Information
| Address | 514 W Orange St |
|---|---|
| Area | Lancaster City (10533) |
| City | LANCASTER |
| County | LANCASTER-PA |
| State | PA |
| Municipality | LANCASTER CITY |
| Zip Code | 17603 |
Amenities
| Amenities | Formal/Separate Dining Room |
|---|---|
| Parking | Crushed Stone |
| Is Waterfront | No |
Interior
| Appliances | Oven/Range-Electric |
|---|---|
| Heating | Radiator, Baseboard - Electric |
| Cooling | None |
| Fireplace | No |
| # of Stories | 3 |
| Has Basement | Yes |
| Basement | Full |
Exterior
| Exterior | Brick and Siding |
|---|---|
| Exterior Features | Patio |
| Windows | Energy Efficient |
| Roof | Flat |
| Foundation | Permanent, Stone |
School Information
| District | SCHOOL DISTRICT OF LANCASTER |
|---|---|
| Elementary | ROBERT FULTON |
| Middle | JOHN F REYNOLDS |
| High | MCCASKEY H.S. |
Additional Information
| Zoning | RESD - 3 FAMILY DWELLING |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | RE/MAX SmartHub Realty |
|---|---|
| Contact Info | (717) 208-4444 |