What an opportunity in beautiful Mount Joy! This 9 unit property was recently condemned due to structural issues and the larger building (7 units) vacated, clearing the way for new owner to complete the foundation repairs (we have a quote in hand for $148,800) and bring all rents to market prices. The detached 2 unit building remains occupied.
The 9 apartments vary from a few recently renovated to several less appealing, but all are move in ready and can be a turn key asset after repairs to satisfy the condemnation are completed. Or, further improve things for even more upside.
Generally spacious apartments, 7 with 1 bedrooms and 2 with 3 bedrooms, and 10+ off street parking spaces in an appealing part of scenic Mount Joy help make this an asset with worlds of potential. Take the opportunity to make it yours!
Presented By: Keller Williams Elite
Interior Features for 101 & 103 W Main Street
Other Interior Features
Central Air Y/NNo
FlooringLuxury Vinyl Plank, Vinyl
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
Number of Elevators
Total Stories3
General for 101 & 103 W Main Street
Acceptable FinancingCash, Conventional
Accessibility2+ Access Exits
Business TypeApartment Building
CityMOUNT JOY
Construction MaterialsFrame, Vinyl Siding, Brick
Cool FuelElectric
CoolingWindow Unit(s)
CountyLANCASTER
DirectionsGPS
Electric200+ Amp Service
Gross Income111777.00
HeatingBaseboard - Electric
Location TypeDowntown
Lot Size Square Feet7841.00
Lot Size UnitsSquare Feet
MLS AreaMt Joy Boro (10545)
ModificationTimestamp2025-06-12T15:07:06
MunicipalityMT JOY BORO
New ConstructionNo
Number Of Units Total9
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG91.77
Property ConditionMajor Rehab Needed, Good
Property SubtypeFive Or More Units
Property TypeCommercial Sale
RoofAsphalt, Rubber, Shingle
Security FeaturesSmoke Detector
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount10496.0
Tax Assessed Value389500.0
Tax Year2024
UtilitiesNatural Gas Available, Sewer Available
Vacation Rental Y/NNo
ViewCity
Water Access Y/NNo
Year Built1840
Year Built SourceAssessor
ZoningCBD - COMMERCIAL BUSINESS
Exterior for 101 & 103 W Main Street
Building Area Total7355.00
Car Parking Spaces10
Foundation DetailsStone
InclusionsAll appliances not belonging to tenants.
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