Description
Investor Alert!!! 2 unit Property available for immediate sale! This multi unit property is fully rented by tenants who want to stay. 1st floor & basement rent is $645 & 2nd & 3rd floor rent is $795. This property generates $1,440 rent per month! Rents all across America are on the rise & the need for hard assets like real estate is getting more intense. As the stock market & crypto markets falter real estate needs remain high & demand for property options by tenants in the York market place is not shrinking. York County investments tend to lag about 6 months behind surrounding real estate markets when entering or exiting a downturn our upturn so now is still a great time to purchase income producing real estate in York. Tenants pay all heat, all hot water & all electric. Owner pays insurance, water, sewer, garbage & taxes. This property has 2 off street parking places, 2 furnaces, 2 water heaters, 2 gas meters, 2 electric meters & 2 electrical breaker boxes. Add a 1st floor full bath & increase the value of this property even more. This property is currently managed by Yorktowne Property Shoppe & the leases are in the Associated Docs section of the MLS - ask your agent for more info. This property has a cap rate of 7.82% which is very competitive in today+GGs multi unit residential marketplace. This all brick building a block away from West Market Street is easy to rent & generates great cash flow. All leases are written & security deposits shall be transferred to the new owner at settlement. All codes approved, present property management company would be happy to continue managing this property as it+GGs only a few blocks away. Now is the time to add the stability of another multi-unit to your portfolio!
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0BEDS
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0.05ACRES
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0BATHS
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01/2 BATHS
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2,319SQFT
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$55$/SQFT
Description
Investor Alert!!! 2 unit Property available for immediate sale! This multi unit property is fully rented by tenants who want to stay. 1st floor & basement rent is $645 & 2nd & 3rd floor rent is $795. This property generates $1,440 rent per month! Rents all across America are on the rise & the need for hard assets like real estate is getting more intense. As the stock market & crypto markets falter real estate needs remain high & demand for property options by tenants in the York market place is not shrinking. York County investments tend to lag about 6 months behind surrounding real estate markets when entering or exiting a downturn our upturn so now is still a great time to purchase income producing real estate in York. Tenants pay all heat, all hot water & all electric. Owner pays insurance, water, sewer, garbage & taxes. This property has 2 off street parking places, 2 furnaces, 2 water heaters, 2 gas meters, 2 electric meters & 2 electrical breaker boxes. Add a 1st floor full bath & increase the value of this property even more. This property is currently managed by Yorktowne Property Shoppe & the leases are in the Associated Docs section of the MLS - ask your agent for more info. This property has a cap rate of 7.82% which is very competitive in today+GGs multi unit residential marketplace. This all brick building a block away from West Market Street is easy to rent & generates great cash flow. All leases are written & security deposits shall be transferred to the new owner at settlement. All codes approved, present property management company would be happy to continue managing this property as it+GGs only a few blocks away. Now is the time to add the stability of another multi-unit to your portfolio!
©2022 Bright MLS, All Rights Reserved. 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or CENTURY 21 Home Advisors. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-08-10T20:01:09.077.