11 Spruce St - Apartments FOR SALE


Mountville, PA 17554
$995,000 USD
717-731-1990
11 Spruce St, Mountville, PA for Sale
$995,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

11 Spruce St
Mountville, PA 17554


OVERVIEW

11 Spruce St presents a rare opportunity to acquire a 7-unit multifamily asset in Mountville Borough, Lancaster County. Originally constructed in 1920 as a wallpaper factory, the property was later converted into large townhome-style apartment units, offering spacious, 3- and 4-story loft-style layouts that provide tenants with a unique option in the submarket. The building totals approximately 17,500 square feet and features three (3) 2-bedroom / 2.5-bath units and four (4) 2-bedroom / 2-bath units, each with in- unit laundry, individual hot water tanks, and separately metered utilities for gas and electric. Units feature original hardwood flooring, tile kitchens, and high ceilings, combining historic character with functional layouts. The property is located in a quiet residential neighborhood adjacent to Veterans Memorial Park and just minutes from Route 30, providing convenient access to Lancaster, York, and surrounding employment centers. With off-street parking, strong rental demand, and one unit currently vacant,the property presents an opportunity for investors to capture immediate upside in a desirable Lancaster County submarket.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$57 USD /SF

# OF UNITS

7

PRICE/UNIT

$142,143

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

RC

APN/PARCEL ID

470-93894-0-0000

ASK ABOUT THIS PROPERTY

Mike Rohm CCIM, MAILandmark Commercial RealtyMore Info
717-731-1990

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Mike Rohm CCIM, MAILandmark Commercial RealtyMore Info
717-731-1990

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.