SQUARE FEET3,300
MLS#PALA2087744
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SCHOOLCONESTOGA VALLEY
Property Description
Rare 4-unit multifamily investment property in Leola, Lancaster County. The property is fully leased and consists of four 2-bedroom, 1-bath units, with two units located on the first floor and two units located on the second floor. Long-term tenant occupancy provides stable in-place income, with upside potential through rent increases and utility reimbursement implementation. Current gross annual income is approximately $44,160 with a current NOI of approximately $30,141. Pro forma gross annual income with modest rent increases is projected at approximately $46,200, with projected NOI increasing to approximately $39,346 annually following implementation of utility reimbursement fees and expense optimization. Located in a quiet residential setting within the Conestoga Valley School District in Upper Leacock Township, with convenient access to Lancaster and surrounding employment and retail corridors.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Window Unit(s)
Fuel Type: Natural Gas
Heating: Radiator
Lot Size: 0.42 Acres
Taxes: $5,619
Year Built: 1920
Feature Descriptions
Accessibility: 2+ Access Exits
Additional Structures: Above Grade
Exterior: Frame, Metal Siding
Lot Dimensions: 0.42 Acre(S)
Municipality: UPPER LEACOCK TWP
Sewer: Public Sewer
Structure Type: Detached
Total Garage/Parking Spaces: 12
Two Bedroom Units: 4
Units: 4
Water: Public
Local Schools
School District: CONESTOGA VALLEY
Listed By / Shown By
Listed By
Agency Name: Bennett Williams Realty, Inc.
Agency Phone: 7178435555
Shown By
Agent Name: Julian Smith
Agent Phone: Cell: (484) 772-5070
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First AmericanEstimate Your Payment
Estimated Payment
$ 1,714.28 per month $1,101.66 Principal & Interest $468.25 Property Tax $144.38 Homeowner's Insurance
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
154-158 Main Street W | MLS# PALA2087744
This multi-family property located at 154-158 Main Street W , Leola, PA 17540 is currently listed for sale with an asking price of $495,000. 154-158 Main Street W is located within the CONESTOGA VALLEY school district. Search Leola real estate on www.juliansmithrealtor.com today.