1 Ramsgate Ln - Apartments FOR SALE


Lancaster, PA 17603- Outer Lancaster
$12,500,000 USD
1 Ramsgate Ln, Lancaster, PA for Sale
$12,500,000 USD
Apartments - FOR SALE
1/13
null | 5.69% Cap Rate

1 Ramsgate Ln
Lancaster, PA 17603
Outer Lancaster


HIGHLIGHTS

  • 65 of 68 units have been renovated within the last 12 years and are in great condition.
  • Updated HVAC, plumbing, electric & appliances
  • Washer/dryer, in each unit
  • Newer kitchen cabinets, bathroom vanities bathtubs, doors, painting, carpet and vinyl
  • Roofs were replaced in 2012

OVERVIEW

Welcome to Charleston Townhouses—a rare opportunity to acquire a fully occupied, 68-unit townhome community in the heart of Manor Township, Lancaster County, PA. Situated on nearly 8 acres, this well-maintained, income-producing asset offers immediate scale and long-term upside in one of the region’s most stable and growing rental markets. Each spacious townhome comes with 2 or 3 bedrooms, private entrances, and in-unit laundry hookups, central air conditioning, with most units having undergone extensive renovations including updated kitchens, bathrooms, flooring, and fixtures. Tenants enjoy the convenience of separately metered utilities (electric and water), ample surface parking, and proximity to key amenities and major employers. Charleston Townhouses benefits from a strong rent roll, low turnover, and significant demand drivers—including its location just 8 minutes from Millersville University and easy access to Route 30 and downtown Lancaster. With a stable cash flow and a professionally managed operation, this property presents an outstanding opportunity for investors seeking scale, yield, and growth potential. Don't miss your chance to acquire one of the largest stabilized multifamily offerings in Lancaster County. This is the 1st time since construction this property is for sale.

FOR SALE DETAILS

PRICE

$12,500,000 USD

PRICE/SF

$140 USD /SF

# OF UNITS

68

PRICE/UNIT

$183,824

CAP RATE

5.69%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Charleston Townhouses

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1988

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.96 AC

LAND SF

346,738 SF

ZONING

RH

APN/PARCEL ID

410-37020-0-0000,410-79759-0-0000,410-87460-0-0000

ASK ABOUT THIS PROPERTY

Joel LeamanBerkshire Hathaway HomeSale RealtyMore Info

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Joel LeamanBerkshire Hathaway HomeSale RealtyMore Info

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