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About the Listing 108029 - 3235499,3235183
Exceptional mixed-use investment opportunity offering immediate income with additional upside potential. This well-maintained three-unit commercial property features a street-level commercial space, currently occupied by a single-chair salon, along with two residential apartments and two detached garages. The residential units include a spacious one-bedroom apartment currently leased for $900 per month and a vacant two- to three-bedroom apartment that was previously rented for $1,500 per month, providing an excellent opportunity for an owner-occupant or the ability to increase cash flow immediately. The commercial salon space is leased for $575 per month, creating a diversified income stream. The property has seen several important updates, including nearly all replacement windows and a Lead Safe Certification obtained through the city last year, offering added value and peace of mind. Both residential units include existing washer and dryer hookups that can easily be exposed again, providing a desirable amenity for future tenants. The owner currently pays water, sewer, trash, and common area electric. With two garages providing additional storage or rental potential, stable existing tenants, and a vacant unit ready for occupancy or lease, this property presents an excellent opportunity for investors seeking both current income and future growth.
Listing Highlights
Status
Active
Days on Site
8
Property Type
Multi-Family
MLS ®
PALA2090842
Year Built
1900
Total Square Footage
1,876
Lot/Acreage
0.05
Interior Details
- Bedrooms: 5
- Bathrooms: 0 Full
- Appliances: Oven/Range - Gas, Refrigerator
- Air Cond:
- Heating: Hot Water,Radiator
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1876
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: 2 car
- Parking Spaces: 2
- Lot Dimensions: 0.00 x 0.00
- Zoning: Residential
- Roof: Rubber,Shingle,Metal
- Others:
- Sewer: Public Sewer
- Parking Features: Garage - Side Entry,Detached Garage,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $4,590
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
121 Laurel St Lancaster, PA 17603
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