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Turn Key 5 unit building(4 units/large 2 bay garage) located in Historic Downtown Lancaster City. Lancaster City rentals are in high demand and 540-542 E King St is an opportunity for you to join the amazing growth that Lancaster City is experiencing or add to your already existing portfolio. This property has 4 , large 1 bedroom apartments. In addition to the 4 units, the property offers two large garages for additional income potential or personal use. There is ample space for parking to offer to the tenants or for additional monthly revenue. ****There is an additional studio unit currently not being rented that could potentially be licensed and added to the rent roll.*****
| DAYS ON MARKET | 166 | LAST UPDATED | 3/10/2025 |
|---|---|---|---|
| YEAR BUILT | 1890 | COMMUNITY | Lancaster City (10533) |
| COUNTY | LANCASTER | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | SCHOOL DISTRICT OF LANCASTER |
|---|
| PRICE HISTORY | |
| Prior to Dec 5, '24 | $650,000 |
|---|---|
| Dec 5, '24 - Jan 13, '25 | $640,000 |
| Jan 13, '25 - Mar 10, '25 | $630,000 |
| Mar 10, '25 - Today | $620,000 |
| ADDITIONAL DETAILS | |
| AIR | Electric, Wall Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | Lancaster City (10533) |
| CONSTRUCTION | Brick |
| HEAT | Baseboard, Electric |
| LOT | 7841 sq ft |
| LOT DIMENSIONS | 0.00 x 0.00 |
| PARKING | On Street |
| SEWER | Public Sewer |
| TAXES | 7803 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
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