This property is going to onsite auction 5/8/24 at 6:00 PM and is being sold with reserve. LISTED PRICE IS ONLY A SUGGESTED OPENING BID, AND IS NOT INDICATIVE OF THE FINAL SALES PRICE WHICH WILL BE BY SELLER CONFIRMATION DAY OF AUCTION. Terms: Down payment of $20,000.00 required day of auction. Settlement on or before July 15, 2024. Transfer taxes to be paid by buyer. Real Estate taxes shall be prorated.
Great opportunity to own a fully leased 5 unit in Ronks / Lancaster Area. There are 3-Efficiency apartments, (1) 1-bedroom/1 bathroom apartment, and (1) -2 bedroom/1 bathroom apartment with a common laundry area in the basement. The property is within close proximity to Amish Country and Lancaster City. Rents currently gross over $50,000 per year. The potential rents available in the area are greater than the rents that are currently being collected, which provides upside to a Buyer. The property is located close to retail, office, medical, and the population of Lancaster County.