PA > Lancaster > Downtown Lancaster
Lancaster, PA 17603,342-346 W KING ST
Lancaster, PA 17603,342-346 W KING ST
Lancaster, PA 17603,342-346 W KING ST
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Bob Lucido Team

Bob Lucido Team

+1(410) 465-6900
$499,900
Est. payment /mo
5,408 SqFt
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OPEN HOUSE

Wed Apr 02, 4:00pm - 6:00pm

Sat Apr 05, 1:00pm - 3:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 5,408 sqft

Price per Sqft $92

Subdivision Downtown Lancaster

MLS Listing ID PALA2066358

Style Traditional

Abv Grd Liv Area 5,408

Originating Board BRIGHT

Year Built 1925

Available Date 2025-04-02

Annual Tax Amount $7,993

Tax Year 2023

Lot Size 3,049 Sqft

Acres 0.07

Property Sub-Type Detached

Property Description

Investor Alert - Lancaster City Cash Cow! Fully rented large detached 4 unit apartment building just three blocks from the downtown Lancaster City square! Building consists of two duplexes (separate tax IDs), totaling a whopping 5,408 square feet. The two duplexes have a combined basement, currently operating as a quadruplex with 4 large apartments. One duplex consists of a 4 bedroom, 1 bath apartment and a 1 bedroom, 1 bath apartment. The other duplex is a 3 bedroom, 1 bath apartment and a 3 bedroom, 1.5 bath apartment (with potential to split one of these huge apartments in half to make a 5th unit!). The two second floor units have been recently updated throughout, potential to continue upgrading first floor units and increase cash flow! Each apartment has two private entry doors, second floor units have a walk-up entry door AND a private street-level entrance (second-floor units can also enter through rear of building off of Strawberry St.) More to love: Custom craftsman features, hardwood floors, upgraded luxury vinyl tile and luxury vinyl plank flooring, high ceilings and tons of natural light give these apartments classic charm with durability in mind. Each apartment has a landlord-owned fridge and stove. Tenants are responsible for electric, heat (electric) & gas, Landlord pays trash, water & sewer. Located in an area experiencing large-scale investment and redevelopment, this freshly painted and well-maintained investment will become a top-producer in your portfolio for years to come! New rubber roof - 342 W King St. - 2022, new mansard roof - 342 W King St. - 2022, new rubber roof - 346 W King St. - Corner Unit (blue building) - 2024. Long term tenants and stable cash flow history with professional property manager in place.

Mark your calendar! - Two upcoming showing options: Wednesday, April 2nd from 4pm-6pm and Saturday, April 5th from 1pm - 3pm. Showings will be open-house style, please call to register. Separate, private showings cannot be accommodated at this time. Please plan to come to one of the above-mentioned group showing times.

Location

State PA

County Lancaster

Area Lancaster City (10533)

Zoning R4

Rooms

Basement Partial, Outside Entrance, Interior Access, Unfinished

Interior

Interior Features Additional Stairway, Bathroom - Stall Shower, Bathroom - Tub Shower, Built-Ins, Dining Area, Entry Level Bedroom, Floor Plan - Open, Floor Plan - Traditional, Formal/Separate Dining Room, Kitchen - Table Space, Upgraded Countertops

Hot Water Electric, Natural Gas

Heating Baseboard - Electric

Cooling None

Flooring Hardwood, Luxury Vinyl Plank, Luxury Vinyl Tile, Solid Hardwood, Vinyl

Inclusions Landlord owned appliances

Equipment Oven - Single, Refrigerator, Water Heater

Fireplace N

Window Features Bay/Bow,Double Hung,Replacement,Sliding,Transom,Vinyl Clad,Wood Frame

Appliance Oven - Single, Refrigerator, Water Heater

Heat Source Electric

Exterior

Exterior Feature Porch(es), Deck(s)

Utilities Available Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available

Water Access N

View City, Street

Roof Type Architectural Shingle,Asphalt,Flat,Pitched,Rubber,Shingle

Accessibility None

Porch Porch(es), Deck(s)

Garage N

Building

Lot Description Corner

Foundation Crawl Space, Permanent

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

Structure Type High,Plaster Walls

New Construction N

Schools

School District School District Of Lancaster

Others

Tax ID 338-12145-0-0000, 338-09448-0-0000

Ownership Fee Simple

SqFt Source Estimated

Security Features Main Entrance Lock,Smoke Detector

Acceptable Financing Cash, Conventional, Bank Portfolio

Listing Terms Cash, Conventional, Bank Portfolio

Financing Cash,Conventional,Bank Portfolio

Special Listing Condition Standard

Read Less Info
Bright MLS (BMLS)
Listed by ERIN E STEWART • Life Changes Realty Group

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Bob Lucido Team

+1(410) 465-6900

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