$480,000

A rare opportunity to invest in Lancaster City's thriving rental market. The building features 2 one-bedroom studio apartments plus 6 private rooms with shared bath, a mix of unit types that captures both traditional annual tenants and the strong, consistent demand for flexible monthly lease housing. This building has undergone major renovations in recent years; all-new windows, a new porch roof, and roofer-inspected repairs to extend the main roof's service life. New LVP flooring and fresh paint run through most of the building, complemented by new interior and exterior lighting. Common halls and bathrooms have been fully updated, and Unit #4 received a brand-new kitchen alongside an updated bathroom, new flooring, and paint. Additional upgrades include a new basement bilco door, security cameras, and an annually maintained gas boiler. In 2026, the sewer trap at the street was replaced and the laterals lined to the main; addressing infrastructure most investors never think to check. The property is fully occupied and operates on a mix of monthly room leases and annual studio leases, professionally cleaned and managed for hands-off ownership. Solid brick construction, public water/sewer, and a location just steps from Lancaster's downtown core round out a property built to perform from day one. Available individually or together with its sister property at 25 S Ann Street for a combined offering. Don't miss the opportunity!