220 E Park Street, Elizabethtown, PA 17022
- $298,000
- 2,520
- SqFt
- Sold Price
- $298,000
- List Price
- $290,000
- Closing Date
- Dec 04, 2025
- Days on Market
- 7
- Status
- CLOSED
- MLS#
- PALA2079486
- Living Area
- 2,520
- Lot Size (Acres)
- 0.23
- Style
- Traditional
- Year Built
- 1920
- County
- Lancaster
- School District
- Elizabethtown Area
Property Description
**An offer has been received. An offer deadline has been set for Wednesday, November 19, 2025 at 5 PM** Investor Opportunity – Fully Occupied Duplex (on one deed) w/ Strong Cash Flow + Bonus Barn! Tenants Want to Stay! This well-maintained duplex offers immediate income, stable long-term tenants, and excellent ROI potential. Traditional twin/semi‐detached, duplex style (one deed), this property features two spacious 3-bedroom, 1-bath units, each with a functional living/dining layout and attic storage. Interiors include a mix of carpet and vinyl plank flooring, along with newly installed (2025) energy-efficient double-pane windows that improve comfort and help reduce utility costs. Situated on a 0.23-acre (10,019 sq ft) level lot, the property includes sidewalks, street lighting, off-street parking, and a welcoming porch. Both units are currently occupied with reliable tenants, generating a combined $2,825 per month — $33,900 annual income. Tenants pay all utilities, keeping owner expenses low and maximizing net return. The large two-story barn provides excellent additional storage or potential for future rental income. The property is being sold “AS IS”. 📈 Investor Highlights: Total Monthly Rent: $2,825 Annual Gross Income: $33,900 Estimated Annual Expenses: $4,800 Projected Net Income: $29,100/year Approx. 10%+ Cap Rate at $290,000 Tenants pay all utilities Tenants want to remain in place Turnkey cash-flowing property With 2,520 sq. ft. of finished space, stable tenants, and bonus barn potential, this is a rare chance to secure a high-performing investment property in a strong rental market. 48-hour notice required for showings. Do not disturb tenants.
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Additional Information
- Area
- Elizabethtown Boro (10525)
- Taxes
- $5660
- Stories
- 3
- Interior Features
- Attic, Bathroom - Tub Shower, Carpet, Combination Dining/Living, Floor Plan - Traditional
- School District
- Elizabethtown Area
- Flooring
- Carpet, Luxury Vinyl Plank, Vinyl
- Exterior Features
- Sidewalks, Street Lights
- View
- Street
- Heating
- Forced Air
- Heating Fuel
- Natural Gas
- Cooling
- None
- Roof
- Architectural Shingle
- Utilities
- Above Ground, Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
- Water
- Public
- Sewer
- Public Sewer
- Basement
- Yes
Mortgage Calculator
Listing courtesy of Berkshire Hathaway HomeServices Homesale Realty. Contact:
Selling Office: .