516-518 Manor Street
516-518 Manor Street
$185,000
7
4
3,230
3,230
$57
Closed 3/11/21
Description
Talk about a UNIQUE investment opportunity - take a look at this one. FIRST, you have two adjacent single-family dwellings on 1 deed, NEW rubber roof on both units, strong rents (fully leased) with low expenses (tenants pay all utilities) and an attractive cash flow & return (see Economic Analysis in documents). PLUS, these spacious homes are prime candidates to transform 2 units into 5, offering a projected annual rental income of $48,600. While your imagination starts to churn, consider the fact...Talk about a UNIQUE investment opportunity - take a look at this one. FIRST, you have two adjacent single-family dwellings on 1 deed, NEW rubber roof on both units, strong rents (fully leased) with low expenses (tenants pay all utilities) and an attractive cash flow & return (see Economic Analysis in documents). PLUS, these spacious homes are prime candidates to transform 2 units into 5, offering a projected annual rental income of $48,600. While your imagination starts to churn, consider the fact that 516 Manor offers access for Off-Street parking via Lafayette St, and the possibility to develop off-street parking for all 5 potential units - that's a asset booster in a parking-crunched neighborhood. PLUS this offering is within the Federal Opportunity Zone which provides the possibility of deferring capital gains into this investment (talk to your Tax Advisor for the details). WHAT ELSE is there to do but to schedule your showing, take a look, and bring your offer? Oh, and the seller will entertain the possibility of partial seller financing as a 2nd mortgage.
- Listed by Ron Mummau • Berkshire Hathaway HomeServices Homesale RealtyP: 7174137555 rmummau@homesale.com
Property Details for 516-518 Manor Street
Tax ID Number
338-55687-0-0000
OwnershipFee Simple
HOANo
Structure TypeInterior Row/Townhouse
StyleTraditional
WaterfrontNo
GarageNo
MunicipalityLANCASTER CITY
Location
LISTING UPDATED: 04/19/2024 02:03 PM
Property Details for 516-518 Manor Street
Status | Closed |
---|---|
MLS # | PALA176100 |
Days on Market | 20 |
Taxes | $3,191 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 1905 |
Lot Size | 0.13 AC / 5,663 SF |
County | Lancaster County |
Location
Building Information for 516-518 Manor Street
Stories-Residences2Year Built1905Building Size-Lot Size0.13 AC / 5,663 SF
Payment Calculator
$1,276 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 516-518 Manor Street
Property History for 516-518 Manor Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 516-518 Manor Street
This home is within Lancaster School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Lafayette El School PublicPK to 5 | ||
Wheatland Middle School Public6 to 8 | ||
Mccaskey Campus Public9 to 12 | ||
Phoenix Academy Public6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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