501 S Prince Street Lancaster, PA 17603

1 / 23

View all 23 Photos

Map

Virtual Tour

Just hit the market! Do not miss this opportunity! Spacious updated 2 unit Multi-Family property on the South Side in booming Lancaster City! This property has been meticulously maintained by its current owners throughout their ownership, including a full professional renovation of both apartment units down to the studs. The renovation included an all new electrical system and removal of all knob/tube wiring, new HVAC systems and Plumbing systems. The main sewer line has all been fully replaced including the underground section that goes into the street. All drywall, doors, trim, flooring, bathrooms and kitchen were professionally updated. Since the renovation the current tenants have taken great care of both apartments making this a TURN KEY investment opportunity. Heat and electricity are separate and each unit features its own natural gas furnace and electrical panel. Current long term tenants are month to month giving the new owner the opportunity in the future to live in one unit and rent the other unit out. This unique investment property also offers 3 off street parking spaces which are currently provided to the tenants. Based on recent rental comparable's in the area, rents have the potential to be increased. Schedule your showing today!