Tamer Gomaa

Tamer Gomaa

500 Delp Rd

Lancaster, PA 17601

Tamer Gomaa
500 Delp Rd Lancaster PA { 17601
(717) 800-1515

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40.09956 -76.30466
  1. Search Nearby Homes

402-404 N DUKE ST Lancaster, PA 17602

328503792 40.09956 -76.30466 230 /listing/328503792-150081084/402-404-n-duke-st-lancaster-pa-17602 False 0 925000.0 5439 101 PALA2032330 False
  • $925,000
  • 5,439 sqft
  • 0.10 lot
  • Est payment $4965.6/mo
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Property & Neighborhood Info

Courtesy Of PPM Real Estate, Inc., thorst@ppmproperties.com

Commercial in LANCASTER

GORGEOUSLY RENOVATED! If you are an investor looking for a nicely finished, fully leased property where everything has been upgraded or replaced in 2022, look no further! This 3 Unit Mixed Use Investment Property is located near Penn Medicine/Lancaster General Hospital. The property is a combination of 402 and 404 North Duke Street. The first floors were combined for a corner store/commercial use - currently occupied by Smiley's Deli/Market (10 year lease expires 3/31/31, with annual rent increases). The upper levels offer 2 large, fully remodeled, luxury apartments. Each apartment is 2 floors (Apt 1 occupies the upper levels of 402 N Duke; Apt 2 occupies the upper levels of 404 N Duke). Apt 1 features an outdoor rooftop deck, 3 bedrooms, 2 full baths, 2 living rooms, sunroom, central air, high end finishes, brand new everything & 2 parking spaces. Apt 2 features 3 bedrooms, 1.5 baths, central air, spacious kitchen, office, sunroom, high end finishes, brand new everything & 2 parking spaces. Apt 1 Tenant is vacating and Landlord has this apartment listed for rent at $2,175. NOI reflects this income. NOI: $64,180 ; 6.9% Cap Rate See brochure under Documents for all details.

Courtesy Of PPM Real Estate, Inc., thorst@ppmproperties.com
  1. 5,439 Sq. Ft.
  2. 0.10 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1870
  • Garage: 8.0
  • School District: SCHOOL DISTRICT OF LANCASTER
  • County: LANCASTER
  • Taxes: $11,200.00
  • Tax Year: 2023
  • Units: 3
  • MLS Number:PALA2032330

Additional Features

  • Air Conditioning:
    • Yes
  • Cooling:
    • Central A/C
  • Cooling Fuel:
    • Electric
  • Water Heater:
    • Natural Gas
  • Inclusions:
    • All appliances including washer/dryers
  • Building Area Source:
    • Assessor
  • Building Square Feet:
    • 5439.00
  • Business Type:
    • Convenience Store/Gas
    • Other/General Retail
  • New Construction:
    • No
  • View:
    • City
  • Water Source:
    • Public
  • Lot SF Source:
    • Assessor
  • Waterfront:
    • No
  • Heating:
    • Central
  • Heating Fuel:
    • Electric
    • Natural Gas
  • Sewer:
    • Public Sewer
  • Municipality:
    • LANCASTER CITY
  • Water Access:
    • No
  • Financing:
    • Cash
    • Conventional
    • Exchange
  • Gross Income:
    • 77760.00
  • List Type (Exclusive):
    • Exclusive Right
  • Owner Pays:
    • Insurance
    • Sewer
    • Taxes - Real Estate
    • Water
  • Rental Features:
    • No
  • Attribution Contact:
    • (717) 394-3374
    • thorst@ppmproperties.com
  • Cap Rate:
    • 6.70
  • Gross Expenses:
    • 15740.00
  • MLSSystem ID:
    • BRIGHT
  • Possession:
    • Settlement
  • Price Per SQFT:
    • 170.07
  • Sourced By:
    • Bright MLS
  • Total Parking Spaces:
    • 8
Neighborhood info courtesy of Homes.com © 2023

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.

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Tamer Gomaa
Tamer Gomaa
Certified Residential Specialist
(717) 800-1515
500 Delp Rd Lancaster PA 17601
40.09956 -76.30466
  1. Search Nearby Homes

402-404 N DUKE ST Lancaster, PA 17602

328503792 40.09956 -76.30466 230 /listing/328503792-150081084/402-404-n-duke-st-lancaster-pa-17602 False 0 925000.0 5439 101 PALA2032330 False
  • $925,000
  • 5,439 sqft
  • 0.10 lot
  • Est payment $4965.6/mo