Listed By
Agency Name: BARTLETT BENNER REALTY
Agency Phone: 740-654-1500
Agent Name: Keith Dwyer
Shown By
Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575
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Property Description
If you've been waiting on a real value-add opportunity in Lancaster, this is one worth your attention.This duplex sits in a location tenants consistently want ??? close to shopping, schools, restaurants, and main travel routes ??? which is exactly what protects long-term occupancy and rent growth. The bones are there. The location is right. What it needs now is the work.This property does require significant renovation, but that's where the margin lives. With proper rehab, the projected gross rental income is approximately $2,000+ per month, making this an excellent repositioning play for investors who understand how to create equity and lock in strong cash flow.Two units under one roof means:Diversified incomeLower vacancy riskSimpler managementBetter long-term appreciationThis is not a turnkey property ??? and it's not priced like one. It's a chance to step into Lancaster, improve the asset, and build real equity the way rental portfolios were built long before over-priced flips became the norm.Buy it right. Renovate it smart. Let it perform.
Property Features
Property Type: Multi Unit - Multiple
Days on Market: 49
Lot Size: 0.14 Acres
Taxes: $2,201
Year Built: 1900
Feature Descriptions
Parcel #: 05-32080-100
Local Schools
School District: LANCASTER CITY
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Estimated Payment
$ 1,155.50 per month $917.25 Principal & Interest $183.42 Property Tax $54.83 Homeowner's InsuranceChange Payment Information
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330 Park Street | MLS# 226001129
This multi-family property located at 330 Park Street, Lancaster, OH 43130 is currently listed for sale with an asking price of $188,000. Park Street is located within the LANCASTER CITY school district. Search Lancaster real estate on www.cutlerhomes.com today.