$149,900 $805 est/mo Sourced by Back At You

704 W Princess St,York, PA 17401

York PA, 17401

Share with a friend

Description

REDUCED!!! Now at a 9.41% Cap Rate!!!! Attention investors!!!! Here’s a 3 (maybe it could be 4 income generating units in total if you include the 1 car garage to the rear) property. New roof Feb of 2023! This unit has 3 apartments which are as follows: Apt 1: 1 Bedroom, 1 Bath $775 mo. to mo. written lease. Apt 2: 2 Bedrooms, 1 Bath $850 mo. to mo. written lease. Apt 3: 1 Bedroom, 1 Bath $625 mo. to mo. Unit 1 is located on the ground floor and has access to the basement. The exterior has 5 electrical boxes. Tenants pay all electric. Garage has it’s own electrical box. 1 Common area electrical box for owner. Owner pays all heat, water, sewer and garbage. Tenants pay electric. 1 Furnace in the bsmt is controlled by the tenant on the 1st floor. Owner pays for all hot water and cooking gas as well. This property provides a monthly rental cash flow of $2,250 per month which is $27,000 per year. Yearly Expenses: $12,901 Net Operating Income: $14,099. Cap Rate of 9.41%. Expenses are: Gas $3,302, Water $1,260, Sewer $1,260, Insurance $750, Maintenance $1,000, Vacancy Factor of 5% is $1,350, Code Inspections $450, Taxes $2,545, Garbage $984. All written leases can be downloaded - ask your Realtor® to look in the associated docs for more documentation. All tenants have been informed they will be notified of all showings. Please schedule showings between 9 AM and no later than 8 PM. West King Street is a wide street with updated public lamp lighting and recently paved very smooth streets. 1st floor unit with access to the basement could have a coin operated washer and dryer installed with some work. Some water in basement likely from alley way needing to be caulked. Unit 3 is only accessible via the rear metal fire escape. Unit 1 tenant has furniture in front of the door via the vestibule. Unit 1 and Unit 2 have front and rear accesses. Unit 3 is only accessible via the 3 story fire escape. Presently this property is being well managed by Yorktowne Property Shoppe which is located only a few blocks away from this property.

Details

MLS#PAYK2054028
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1900
Days On Site139
Listing Provided ByBerkshire Hathaway HomeServices Homesale Realty | Andrew T Smith

Features

SQ Feet2,298
Garage1
ZoningRESIDENTIAL
Acreage0.04
Property ViewYes

Market Activity 17401

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Bright MLS. 

© 2024 Bright MLS, All Rights Reserved

Request a showing

Request a showing

Loading Form
Listings Checked: 6 minutes ago
StatePA
CountyYork
CityYork
Zip Code17401
AreaYork City
School DistrictYork City
Listing VS Median (in 17401)
Price:
$149,900
low | high
Med:
$153,500
47.598398932622% of Average
SqFt:
2,298
low | high
Med:
1,872
68.537859007833% of Average
$ / SqFt:
$65
low | high
Med:
$82
24.295470484597% of Average
On Site:
139
low | high
Med:
11.000000
100% of Average
Sourced by Back At You
Listing Updated: May 4, 2024 at 1:40:39 PM PDT