Description
**This property will be offered at Public Auction on August 19, 2026 @ 6:00 PM. The listing price is the suggested opening bid only and in no way reflects the final sales price. $35,000 initial investment is due on auction date. 2% transfer tax to be paid by the purchaser. Settlement on or before October 21, 2026.Discover an outstanding income-producing opportunity with the Elegant Leola Apartments - two meticulously maintained separate duplexes on a single 0.43-acre parcel in a quiet Leola neighborhood. This turnkey investment features four well-appointed units generating over $67,000 annually ($5,650 monthly): Duplex #1 offers two spacious 3-bedroom, 2-bath homes with large kitchens, dining rooms, family rooms, basements, vinyl windows, and HVAC systems; Duplex #2 provides two comfortable 2-bedroom, 2-bath residences with large kitchens and living rooms, separate HVAC systems, natural gas furnaces, and inviting front porches. Enjoy the blacktop wrap-around driveway, beautiful shade trees, professional landscaping, and a private fenced backyard on this exceptionally clean property with public utilities. Perfect for the savvy investor seeking strong cash flow in a desirable location - don't miss this rare auction opportunity!
Details
| MLS # | PALA2091370 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending-bright |
| Year | 2005 |
| Days On Site | 80 |
| Listing Provided By | William Penn Real Estate Assoc | Chester Lapp |
Features
| SQ Feet | 4,253 |
|---|---|
| Units | 4 |
| Zoning | R-2 |
| Acreage | 0.43 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | 90% Forced Air |
Exterior
| Roof | Asphalt |
|---|---|
| Construction Materials | Vinyl Siding |
| Foundation Details | Block |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 8645 |
|---|
Area Information
| State | PA |
|---|---|
| County | LANCASTER PA |
| City | LEOLA |
| Zip Code | 17540 |
| Area | Upper Leacock Twp (10536) |
| Community Name | NONE AVAILABLE |
| School District | CONESTOGA VALLEY |
| Listing VS Median (in NONE AVAILABLE) | |
Price: $775,000 low | high Med: $359,900 sqft: 4,253 low | high Med: 2,798 $ / sqft: $182 low | high Med: $135 On site: 80 low | high Med: 135 | |
Market Activity 17540
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Learn More About This Property
| State | PA |
|---|---|
| County | LANCASTER PA |
| City | LEOLA |
| Zip Code | 17540 |
| Area | Upper Leacock Twp (10536) |
| Community Name | NONE AVAILABLE |
| School District | CONESTOGA VALLEY |
| Listing VS Median (in NONE AVAILABLE) | |
Price: $775,000 low | high Med: $359,900 sqft: 4,253 low | high Med: 2,798 $ / sqft: $182 low | high Med: $135 On site: 80 low | high Med: 135 | |