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101 W Main St Mount Joy, PA 17552

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Pending
$675,000

Nine-unit property in Mount Joy with significant upside potential.

Lot size:
0.18 Acres

Property Features for 101 W Main St

General Information

Standard status
Pending
Lot size
0.18 Acres

Building Details

Year built
1840

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Listing Contact
Benuel Esh
Benuel Esh
Source: Exitrealty

Listing Agency: Keller Williams Elite Listing Agent: Benuel Esh

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

Mount Joy Multifamily Investment Opportunity

This nine-unit property in Mount Joy presents an opportunity for investment. The property consists of a larger building with seven units and a detached building with two units. The larger building was recently condemned due to structural issues, and the seven units are currently vacant, allowing a new owner to complete foundation repairs. A quote for the foundation repairs is available for $148,800. The detached two-unit building remains occupied. The nine apartments vary in condition, with some recently renovated and others less appealing. All are move-in ready and can become a turnkey asset after the necessary repairs are completed to satisfy the condemnation. Further improvements could increase the property's value. The apartments are generally spacious, with seven one-bedroom units and two three-bedroom units. The property includes 10 or more off-street parking spaces. This property offers considerable potential in scenic Mount Joy.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Mount Joy
County
Lancaster
State
Pennsylvania
Longitude
-76.4985602
Latitude
40.1094242

FAQs

What type of property is this?
Apartment building - Nine-unit property in Mount Joy with significant upside potential.
Where is this apartment building located?
The property is located at 101 W Main St Mount Joy, PA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: - Opportunity to acquire a 9-unit property in Mount Joy.; - Includes a detached 2-unit building that is currently occupied.; - Potential to increase rental income by bringing all rents to market prices after repairs.
More about this property
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