





Description
GORGEOUSLY RENOVATED! If you are an investor looking for a nicely finished, fully leased property where everything has been upgraded or replaced in 2022, look no further! This 3 Unit Mixed Use Investment Property is located near Penn Medicine/Lancaster General Hospital. The property is a combination of 402 and 404 North Duke Street. The first floors were combined for a corner store/commercial use - currently occupied by Smiley's Deli/Market (10 year lease expires 3/31/31, with annual rent increases). The upper levels offer 2 large, fully remodeled, luxury apartments. Each apartment is 2 floors (Apt 1 occupies the upper levels of 402 N Duke; Apt 2 occupies the upper levels of 404 N Duke). Apt 1 features an outdoor rooftop deck, 3 bedrooms, 2 full baths, 2 living rooms, sunroom, central air, high end finishes, brand new everything & 2 parking spaces. Apt 2 features 3 bedrooms, 1.5 baths, central air, spacious kitchen, office, sunroom, high end finishes, brand new everything & 2 parking spaces. Apt 1 Tenant is vacating and Landlord has this apartment listed for rent at $2,175. NOI reflects this income. | NOI: $64,180 ; 6.9% Cap Rate | See brochure under Documents for all details.
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Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 30th May, 2023 1:13 AM (UTC)