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

704 W Princess St,York, PA 17401

York PA, 17401

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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.


Listing TypeFor Sale
StyleTown House
Days On Site139
Listing Provided ByBerkshire Hathaway HomeServices Homesale Realty | Andrew T Smith


SQ Feet2,298
Property ViewYes

Market Activity 17401

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Listings Checked: 6 minutes ago
Zip Code17401
AreaYork City
School DistrictYork City
Listing VS Median (in 17401)
low | high
47.598398932622% of Average
low | high
68.537859007833% of Average
$ / SqFt:
low | high
24.295470484597% of Average
On Site:
low | high
100% of Average
Sourced by Back At You
Listing Updated: May 4, 2024 at 1:40:39 PM PDT