Property Description
Rare 4-unit multifamily investment property in Leola, Lancaster County. The property is fully leased and consists of four 2-bedroom, 1-bath units, with two units located on the first floor and two units located on the second floor. Long-term tenant occupancy provides stable in-place income, with upside potential through rent increases and utility reimbursement implementation. Current gross annual income is approximately $44,160 with a current NOI of approximately $30,141. Pro forma gross annual income with modest rent increases is projected at approximately $46,200, with projected NOI increasing to approximately $39,346 annually following implementation of utility reimbursement fees and expense optimization. Located in a quiet residential setting within the Conestoga Valley School District in Upper Leacock Township, with convenient access to Lancaster and surrounding employment and retail corridors.
Property Features
Feature Descriptions
Local Schools
Listed By / Shown By
Listed By
Agency Name: Bennett Williams Realty, Inc.
Agency Phone: 7178435555
Shown By
Agent Name: Homesale Agent Services
Agent Phone:
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First AmericanEstimate Your Payment
Estimated Payment
$ 1,714.28 per month $1,101.66 Principal & Interest $468.25 Property Tax $144.38 Homeowner's Insurance
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
154-158 Main Street W | MLS# PALA2087744
This multi-family property located at 154-158 Main Street W , Leola, PA 17540 is currently listed for sale with an asking price of $495,000. 154-158 Main Street W is located within the CONESTOGA VALLEY school district. Search Leola real estate on agentservices.homesale.com today.