Explore a promising investment opportunity with this well-maintained 10-unit Section-8 rental property in Lancaster. This multi-unit building, featuring eight units and two newly constructed ADUs, ensures stable, government-supported income and lower vacancy rates due to high demand. Each 1 bed, 1 bath unit includes dedicated parking, shared laundry facilities, and separate electric and gas meters for efficient management. With longer-term tenants and guaranteed payments, landlords benefit from reduced turnover costs and non-payment risks. Additionally, tax deductions for maintenance and management, along with required property improvements, enhance financial stability and positively impact the community. Boasting a solid 6.5% cap rate and a convenient location close to local amenities, this property is ideal for investors seeking reliable cash flow and growth. Don’t miss out on this excellent opportunity to expand your real estate portfolio in Lancaster.
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