Courtesy of: Jared Yoder, Iron Valley Real Estate of Lancaster, jaredyoder717@gmail.com
Courtesy of: Jared Yoder, Iron Valley Real Estate of Lancaster, jaredyoder717@gmail.com
$349,000
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Lot: 0.11 Acres
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Other
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$349,000
501 W MARKET STREET Mixed use property featuring commercial space (currently a church) on the first floor, a garage on the back of the property, and apartments on the 1st, 2nd, and 3rd floors. Total monthly cashflow is $3, 445 and leases are attached in Documents. Church $640/month; 1st Floor Apartment (Studio, 1 Bath) $685/month ; 2nd Floor Apartment (4 Bedroom, 2 Bath) $1, 000/month; 3rd Floor Apartment (2 Bedroom, 1 Bath) $930/month; Garage $200/month. The second floor apartment is under market-value rent by about $400/month (see report in documents). Annual expenses for 2023 were as follows: Gas $5, 550; Electric $398; Wastewater $2, 875, Sewer & Water; $2, 464.
Courtesy of: Jared Yoder, Iron Valley Real Estate of Lancaster, jaredyoder717@gmail.com
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