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2164-2166 Main Street

LITITZ, PA 17543
  • $995,000
  • STATUS: Active
  • ON SITE: 92 Days
  • ID#: PALA2036778
UPDATED: 57 min ago
$995,000
  • 0
    BEDS
  • 1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1890
County:

School Ratings & Info

School District:

Description

Prime investment opportunity in a great Lititz location. With easy access to US-222, this property provides a great location for tenants. Between the 6 units and the 6 garages, this property produces a net income of $85,938 a year, with a 6.875 cap rate. Over half the property has newer siding and roofs within the last 5 years. **** There is also a possible opportunity for construction of a 20 unit apartment building. ****

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©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Joy Daniels Real Estate Group. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-09-23T16:52:16.76.
www.centralpahomehunter.com/homes/140818059
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2164-2166 Main Street LITITZ, PA 17543

  • Price: $995,000
  • Status: Active
  • On Site: 92 Days
  • Updated: 57 min ago
  • ID#: PALA2036778
0
Beds
0
Baths
0
½ Baths
1
Acres
1890
Built
Neighborhood:
Warwick Twp (10560)
County:
Lancaster
Area:
Warwick Twp (10560)
School District:
Warwick
Property Description
Prime investment opportunity in a great Lititz location. With easy access to US-222, this property provides a great location for tenants. Between the 6 units and the 6 garages, this property produces a net income of $85,938 a year, with a 6.875 cap rate. Over half the property has newer siding and roofs within the last 5 years. **** There is also a possible opportunity for construction of a 20 unit apartment building. ****
Exterior Features

Construction Materials FrameStick Built Garage YN No Parking Types Parking LotPrivate Garage Property Condition Average Riparian Rights YN No Roof Asphalt Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 3439.00 Cooling Other Heating Baseboard - Electric Heating YN Yes Net Square Feet 3439.00

Property Features

Acceptable Financing CashConventional Accessibility Features None Assessment Year 2023 Business Type Apartment BuildingStorage Central Air YN No Cooling Fuel Electric Heating Fuel Electric Hot Water Electric Municipality Warwick Twp Navigable Water YN N Net Operating Income 85938.00 New Construction YN No Original MLSNumber 802430594324 Ownership Interest Fee Simple Possession Settlement Property Sub Type Five Or More Units Sale Type Standard Sewer Public SewerOn Site Septic Tax Annual Amount 7025.00 Tax Assessment Amount 360000.00 Total Actual Rent 105072.00 Vacation Rental YN No Water Source PublicWell Zoning Community Commercial Zone

Listing courtesy of Kingsway Realty: .


©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Joy Daniels Real Estate Group. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-09-23T16:52:16.76.
 
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The Joy Daniels Real Estate Group
2793 Old Post Road
Harrisburg PA, 17110