Property
Lancaster, PA 17603 222 W Vine Street
$1,350,000
Pending
15 more
Presented By: Keller Williams Elite
SQFT • 6,041
Home Details
Welcome to 222 W Vine St Lancaster. This property is positioned in close proximity to the Lancaster City Square and the future Mosaic development site. Lancaster City rentals are in high demand. Here is your chance to own a turn key 9-unit building in the exciting Lancaster City market! The property offers 9, 2 bedroom units between two buildings. The large parcel offers the possibility for additional development opportunity or on site parking. On site laundry is available with room to add more w/d units. This location offers convenient walkability for the tenant base. Property has undergone all Lancaster City rental and lead inspections.
Presented By: Keller Williams Elite
Interior Features for 222 W Vine Street
Bathrooms
Total Restrooms9
Other Interior Features
Central Air Y/NNo
FlooringLaminate Plank, Laminated
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
General for 222 W Vine Street
Acceptable FinancingCash, Conventional
AccessibilityNone
Business TypeApartment Building
Cap Rate7.80
CityLANCASTER
Construction MaterialsBrick
Cool FuelNone
CoolingNone
CountyLANCASTER
DirectionsEnter into google map or a map app.
Electric Expense900.00
Exclusionstenants personal property
FULLFee Simple
Gross Income133872.00
HeatingBaseboard - Electric
Insurance Expense2991.00
Lease Considered Y/NNo
Lot Size Square Feet12197.00
Lot Size UnitsSquare Feet
MLS AreaLancaster City (10533)
MaintenanceExpense2400.00
ModificationTimestamp2024-12-09T12:27:06
MunicipalityLANCASTER CITY
Net Operating Income105865.60
New ConstructionNo
NumberOfUnitsTotal2
Operating Expense17500.60
OwnerPaysAdvertising/Licenses and Permits, Electricity, Insurance, Lawn/Shrub Care, Repairs, Sewer, Snow Removal, Taxes - Real Estate, Trash Collection, Water
PossessionSettlement
Price Per Sq Ft Total AG210.9
Property ConditionAverage
Property SubtypeFive Or More Units
Property TypeCommercial Sale
Property UseInvestment
RoofShingle, Metal
SewerPublic Sewer
Standard StatusPending
StatusPENDING
Tax Annual Amount11613.0
Tax Assessed Value290400.0
Tax Year2024
Trash Expense1560.00
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1870
Year Built SourceAssessor
ZoningCOMMERCIAL/APARTMENTS
Zoning Description9-Unit apartment building
Exterior for 222 W Vine Street
Building Area Total6401.00
Car Parking Spaces
Fencing Y/NN
Land Assessed Value51200.00
Land Use Code513
Lot Dimensions0.00 x 0.00
Lot Size Acres0.28
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces0
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Additional Details
Price History
Charles Torres
Owner