Price: $480,000

Mixed-Use Investment Property

Great opportunity to own a fully occupied 6-unit, mixed-use investment property. Located on W. Main Street in New Holland, this property generates $48,000 of gross operating income per year. Included are; 1 commercial unit, 4 licensed boarding rooms, a 1 bedroom apartment & 2 large storage garages. The commercial unit is occupied by a barbershop with a newly signed 3 year lease. The remaining units have verbal or month to month leases, which allows for a new owner to reposition and re-tenant at market rental rates.

Due to the low vacancy rates in Lancaster County, as well as the increasingly high rental rates, boarding rooms serve to not only provide affordable units, but also increased income potential. Pro-forma income can realistically be accomplished at $59,400, transforming this 8.2 Cap to 10.6!!! Property is well maintained, roof has recently been repaired, and a new sump pump has been installed. Schedule a showing for this great mixed-use investment property, a rare find in a tight market!

 

 

 

Agent: Brett Peters

Location:

Address: 408 W Main St, New Holland, PA 17557

Listings

Contact

Phone: (717) 399-9361

Address:

245 Butler Avenue Ste. 220
Lancaster, PA 17601