Thank you
Rick D Smith
Berkshire Hathaway HomeServices Homesale Realty
717-757-7811
Investors! Don’t miss this “as is” 6 unit property - a rare find in today’s world yearning for stability and positive cash flow! This property has had some recent updates, 5 completed units - 3 of which are rented, and a secure multi-car garage unit with an automatic garage door opener, a security system, additional off street secure parking for multiple cars outside and even more off street parking beyond that! The garage unit has plenty of space to be a 6th 2 bedroom apartment - just hire your contractor to work within the shell of this space! The rear 1st floor unit even includes a fully functioning recording sound studio and 2 full baths! Every unit except the garage includes a refrigerator and a stove. This 6,277 Sq Ft 6 unit building is a cash cow - tenants pay all utilities. This building has 4 separate gas meters and 5 separate electric meters. Attention: this building is being sold “as is”. This is an estate sale. The MLS system is lacking in it’s functionality in relation to multi-unit properties. This 6 unit, ‘as is’ estate sale has 4 code approved units. Please ask your Realtor® to provide you all docs uploaded to the MLS “associated docs folder” including a very helpful dossier and an Income and Expense Statement showing a cap rate of 12.25% for this cash generating property. MASSIVE CASH FLOW! This property has a total of $61,140 of rents per year which equals $5,095 per month in rent. The Total annual expenses are $15,046. There is a net operating income of $46,094. All together this gives the new owner of this property at a $359,900 sales price a cap rate of 12.25%! This is fantastic cash flow and gives you plenty of funds to make updates every year to increase the rents even more over time! This property presently has 3 units occupied - all tenants would like to stay. 3 units are vacant but owner reserves the right to rent units prior to settlement. 347 S George St 1st Floor Front: Unit includes stove & refrigerator. Projected rent as per owner $1,100. Recently remodeled unit. New flooring, new electric stove, new drywall ceiling, freshly painted ceilings, trim, walls & flooring. This unit has hot water radiator gas fueled heat, a brand new electric smooth top stove for cooking and a gas fueled water heater. 347 S. George St 1st Floor Rear: Unit includes stove & refrigerator, washer, dryer. Projected rent $750. This unit has access to the unfinished basement. This unit has 2 full baths - one of them is off the fully functioning sound proof recording studio! 347 S George St 2nd Flr Front: Unit includes stove, refrigerator & microwave. 347 S George St 2nd Flr Rear: Unit includes stove & refrigerator. 347 S George St 3rd Flr: Unit includes stove & refrigerator. 347 S. George St 1st Floor Garage: Projected rent $800. This large tanden garage has off street secure parking, auto garage door opener, alarm system, separate electric & could be modified to have a full bath, 1 bedroom & a kitchen making this a 6 unit apartment building!
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Water Source : Public
Floor Plan - Traditional
Roof : Rubber
Exterior Property Features : Exterior Lighting,Fire Escape,Secure Storage,Sidewalks,Street Lights
Basement Description: Drain,Full,Interior Access,Poured Concrete,Shelving,Sump Pump,Unfinished
Property Appliances: Built-In Microwave,Dryer,Refrigerator,Stove,Washer
Rubber
Cooling: None
Heating: Baseboard - Electric,Hot Water,Radiant
Cooling Fuel: None
Heating Fuel: None
Window Treatments: Double Hung
Exterior Features: Exterior Lighting,Fire Escape,Secure Storage,Sidewalks,Street Lights
Year Built: 1900
Structure: Interior Row/Townhouse
Major Appliances: Built-In Microwave,Dryer,Refrigerator,Stove,Washer
New Construction: No
Total Units: 4
Built: 1900
Construction Material: Brick
Security System: Smoke Detector,Security Gate,Window Grills
Roof: Rubber
Foundation/Basement: Stone
Architecture: Unit/Flat
Pool/Private: No Pool
Roof Type: Rubber
Utilities: Cable TV,Cable TV Available,Electric Available,Natural Gas Available,Phone,Phone Available,Sewer Available,Water Available
Pool: No Pool
Sewer: Public Sewer
Water Heat: Electric,Natural Gas
Lot Size: 5,040
Lot Size (Acres): 0.12
Architectural Style: Unit/Flat
Stories Total: 3
Main Square Feet: 5,040
SQ ft: 9,877
SQ ft (Living Area): 6,277
Total Lot SQ ft: 5,040
View: Street
Financing: Cash,Conventional
Total Acreage: 0.12
New Construction: No
Type: Unit/Flat
Possession: Negotiable,Settlement
Days Of Market: 11
Annual Tax: $3,983
Tax Year: 2023
Total Taxes Payment Frequency: Annually
Negotiable,Settlement
Taxes Assessment Amount: $63,600
Total Parking Spaces: 22
Parking Lot - # of Spaces: 6
Parking Type: Alley,Attached Garage,Driveway,Off Street,On Street,Parking Lot
Parking Features: Paved Parking,Secure Parking
Has Garage: Y
Garage Type: Garage - Rear Entry,Garage Door Opener,Inside Access,Oversized
Garage Space: 2
# of Attached Garage Spaces: 2
Acceptable Financing: Cash,Conventional
Roof: Rubber
Direction: Take North George Street heading north towards york City to property on your R.
School District: YORK CITY
Cable TV,Cable TV Available,Electric Available,Natural Gas Available,Phone,Phone Available,Sewer Available,Water Available
Water Source: Public
Sewer: Public Sewer
Cooling Fuel: None
Heating Fuel: None
Hot Water: Electric,Natural Gas
Location Type: Middle Of Block
Direction: Take North George Street heading north towards york City to property on your R.
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
26 N West Street , York, PA,17401 | $69,900 | 4 | 2 | -- | 871.2 Sqft |
543 W Clarke Avenue , York, PA,17401 | $62,500 | 2 | 1.0 | 962 | 1694 Sqft |
31 N Newberry Street , York, PA,17401 | $165,000 | 4 | 3 | 1,824 | 2200 Sqft |
41 N Hartley Street , York, PA,17401 | $139,900 | 3 | 1 | 1,364 | 2701 Sqft |
19 Carlisle Avenue , York, PA,17401 | $250,000 | -- | -- | 2,754 | 1760 Sqft |
704 W Princess Street , York, PA,17401 | $154,900 | -- | -- | 2,298 | 1699 Sqft |
656 W Market Street , York, PA,17401 | $215,000 | -- | -- | -- | 2971 Sqft |
754 Mckenzie Street , York, PA,17401 | $143,550 | 3 | 1.0 | -- | 2523 Sqft |
222 S Hawthorne Street , York, PA,17401 | $185,900 | 5 | 1.0 | 1,872 | 1520 Sqft |
403 W Market Street , York, PA,17401 | $329,900 | -- | -- | -- | 4095 Sqft |
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ByOwner last updated this listing 04/29/2024 @ 13:03
MLS: PAYK2059440
LISTED BY: Rick D Smith , Berkshire Hathaway HomeServices Homesale Realty
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.