Property
Beds
13
Full Baths
None
1/2 Baths
None
Year Built
1840
Sq.Footage
7,355
Completely revitalized and ready for its next chapter, this 9-unit apartment community presents an exceptional opportunity to acquire a great multifamily asset in one of Lancaster County's more desirable rental markets. The property consists of two buildings featuring a mix of spacious apartments, including seven, 1-bedroom units and two, 3-bedroom units, offering an attractive blend of affordability and family-oriented housing. Following extensive renovations and structural improvements, the property is well positioned for great long-term performance. All units except one feature updated finishes and modernized interiors, while the overall improvements significantly reduce deferred maintenance concerns for a new owner. Tenants will appreciate the generous unit layouts, off-street parking, and convenient location within the charming borough of Mount Joy. With 9 off-street parking spaces, strong rental demand in the area, and the opportunity to lease newly improved units at current market rates, this property offers both immediate income potential and long-term appreciation. Whether you're looking to expand an existing portfolio or acquire a turnkey multifamily investment in a high-demand Lancaster County location, this is an opportunity worth serious consideration. Don't miss the opportunity! Note that the seller is working through the final details of lifting the condemnation that was due to structural issues that have been remediated. The property will be delivered with an occupancy permit, fully prepared for occupancy. Unit 9 is labeled as Unit 10 because the address of that unit is 10 Manheim Street.
Features & Amenities
Interior
-
Total Bedrooms
13
-
Bathrooms
N/A
-
Above Grade Finished Area
7355.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Window Unit(s), Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Electric, Baseboard
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Frame, Vinyl Siding, Brick
-
Parking
Private, Parking Lot
-
Pool
No
-
Waterfront YN
NO
-
View
City
Area & Lot
-
Lot Features
Corner Lot, Level, Back Yard
-
Lot Size(acres)
0.18
-
Lot Size(square feet)
7841.0
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Traditional
Price
-
Sales Price
$1,250,000
-
Tax Amount
$10,530
-
Zoning
Commercial business
-
Sq. Footage
7, 355
-
Price/SqFt
$169
HOA
-
Association
No
School District
-
Elementary School
DONEGAL
-
Middle School
DONEGAL
-
High School
DONEGAL
Property Features
-
Stories
3
-
New Construction
NO
-
Foundation Details
Stone
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
LANCASTER
Elementary School
DONEGAL
Middle School
DONEGAL
High School
DONEGAL
Listing Courtesy of Benuel Esh , Astoria Realty Advisors LLC
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AGENT
Lizzy Isenberg
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