About 257 S Ann St
Turnkey 2-Unit Investment in Lancaster City’s Southeast Neighborhood!
Discover a rare opportunity to own this fully furnished and fully renovated duplex in Lancaster City with all furnishings included! Perfect for investors or anyone looking to live in one unit and rent the other with minimal maintenance.
Both units were completely renovated in 2022, including all-new plumbing, electrical, heating, and cooling systems. Several windows and roof sections were also replaced, ensuring long-term durability and efficiency. The property is zoned as a 2-unit and includes shared laundry in the basement plus an oversized one-car garage—a rare bonus in the city. The owners of corner property next door have plans to develop the building into a community HUB, further improving the block.
Unit 1 (First Floor):
A beautifully designed 1-bedroom, 1-bath apartment featuring high ceilings, modern lighting, new flooring, and stylish furnishings throughout. The kitchen boasts updated cabinetry, granite counters, stainless appliances, and open shelving. This unit has averaged $1,600–$1,700/month (utilities included) as a proven mid-term rental.
Unit 2 (Upper Unit):
A spacious 1-bedroom apartment with two sleeping areas, comfortably sleeping four guests. This unit was previously rented to a long-term tenant at below-market rent, but projected furnished rental income is $2,000–$2,100/month based on comparable stays.
Whether you continue as a furnished mid-term rental, transition to traditional leases, or occupy one unit while renting the other, this property delivers flexibility, strong returns, and peace of mind thanks to its recent full renovation and efficient systems.
Located just minutes from Lancaster’s vibrant downtown, you'll have easy access to restaurants, shops, and cultural attractions, while also being a short drive from scenic country landscapes. Don’t miss out on this opportunity—schedule your tour today!
