If you are in the market for a piece of rental property in the Village of Lancaster (NY) take a look at this listing. This property just came up for sale (5/2012) and has many updates. This is an older home (1916), but the major concerns have been addressed over the past few years. Hot water tanks, roof, furnace, etc. The listing price is $119,500 and is a real bargain if you are looking to live in one unit and rent the other. The upper unit should be able to fetch approximately $800/month leaving you with a mortgage payment no more than a few hundred dollars a month. The units are large, it is on a very nice street in the village, and you are walking distance to everything (Library, restaurants, supermarket, etc).
Take a look at this Lancaster double for sale today. Click on the image for the full listing.