Home For Sale In York, Pennsylvania

The Rick Smith Team

This listing was posted on RealtyWW.

$369,900

Home For Sale In York, Pennsylvania

Price:

$369,900

Home Loan:

Mortgage Rates are Still Low - Free Quote Now

BR/BA:

6 BR, 2 BA

Location:

347 S George St, York, PA

Description:

Investors! Dont miss this as is 6 unit property - a rare find in todays 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 its 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 12.46% 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 $369, 900 sales price a cap rate of 12.46%! 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 and refrigerator. Projected rent as per owner $1, 100. Recently remodeled unit. New flooring, new electric stove, new drywall ceiling, freshly painted ceilings, trim, walls and 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 and 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 and microwave. 347 S George St 2nd Flr Rear: Unit includes stove and refrigerator. 347 S George St 3rd Flr: Unit includes stove and 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 and could be modified to have a full bath, 1 bedroom and a kitchen making this a 6 unit apartment building!For more details: https://realtyww.info/homes_york-d523984/for-sale_i70721948

Property Type:

Single-Family Houses

Amenities:

Alarm, Parking, Refrigerator, Washer Dryer

Posted:

April 16 on RealtyWW

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347 S George St | York PA | 7240189752

Home For Sale In York, Pennsylvania

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