$349,900 $1,878 est/mo Sourced by Back At You

347 S George St,York, PA 17401

York PA, 17401

Share with a friend

Description

REDUCED! Now 5/4/24 a 12.6% ROI!!! 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 12.60% 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!

Details

MLS#PAYK2059440
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1900
Days On Site66
Listing Provided ByBerkshire Hathaway HomeServices Homesale Realty | Rick D Smith
Buying Commision3% Of Gr
Listing CommissionOf Gross

Features

SQ Feet9,877
Garage2
BasementY
Units3
ZoningRESIDENTIAL
Acreage0.12
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: 7 minutes ago

Contact

Learn More About This Property

StatePA
CountyYork
CityYork
Zip Code17401
AreaYork City
School DistrictYork City
Listing VS Median (in 17401)
Price:
$349,900
low | high
Med:
$159,900
100% of Average
SqFt:
9,877
low | high
Med:
2,034
100% of Average
$ / SqFt:
$35
low | high
Med:
$79
71.928275977765% of Average
On Site:
66
low | high
Med:
11.500000
100% of Average
Sourced by Back At You
Listing Updated: May 26, 2024 at 3:06:07 PM PDT