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34526256
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61 SPENCER AVE, LANCASTER, PA 17603-4852 For Sale

TT
PA PA RS167691L, RS 167691L
Bennett Williams Commercial Lancaster
JM
PA PA RS365967, PA
Bennett Williams Commercial
Listed by Bennett Williams Commercial Lancaster, Bennett Williams Commercial
$535,000
1 day on market
Updated 1 day ago

61 SPENCER AVE LANCASTER PA 17603-4852

Details
APN 340-2366398-259247-0-0000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,250
Units 4
NOI $37,610
Occupancy 100%
Tenancy Multi
Pro-Forma NOI $51,417
Class B
Year Built 1920
Buildings 1
Stories 1
Lot Size (SqFt) 9,298
Zoning R2 - Residential
Investment Type Stabilized
Sale Condition N/A

4 Unit Multifamily Property Available For Sale

Marketing description

Fully leased 4-unit brick multifamily property located in Lancaster Township, in the established Hamilton Park / West End neighborhood just south of Franklin & Marshall College and minutes from Downtown Lancaster. The unit mix consists of two 1-bedroom/1-bath units and two 3-bedroom/1-bath units. The property sits on a quiet, tree-lined residential street with strong long-term rental demand driven by proximity to F&M College, downtown Lancaster's restaurants, retail and employers, and easy access to Routes 30 and 501. Solid brick construction and a stable, established residential setting make this a low-maintenance hold with consistent tenant demand. A turnkey opportunity for an investor seeking a stabilized multifamily asset in one of Lancaster City's most desirable residential areas.

Listing Contacts

TT
PA PA RS167691L, RS 167691L
Bennett Williams Commercial Lancaster
JM
PA PA RS365967, PA
Bennett Williams Commercial
Listed by Bennett Williams Commercial Lancaster, Bennett Williams Commercial

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$37,610.00
$3,134.17/mo

Valuation Metrics

0
DSCR
7.03%
Cap Rate
7.03%
ROI

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Additional Information

Name
Tom Troccoli
License
PA RS167691L
Name
Joshua Miller, CCIM
License
PA RS365967
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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