704 W Princess Street
York,
PA
17401
Property Details
| List Price: |
$149,900 |
| Beds: |
-- |
| Baths: |
-- |
| Status: |
Active |
SqFt: |
2298 |
| Agency: |
Berkshire Hathaway HomeServices Homesale Realty |
Description/Comments
| Lot Size: |
-- |
| Property Type: |
MultiFamily |
| Year Built: |
1900 |
| Notes: |
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. <br />
This property provides a monthly rental cash flow of $2,250 per month which is $27,000 per year. <br />
Yearly Expenses: $12,901 <br />
Net Operating Income: $14,099. <br />
Cap Rate of 9.41%. <br />
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. <br />
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. |
| MlsNumber: |
PAYK2054028 |
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| Listing Provided By: |
Berkshire Hathaway HomeServices Homesale Realty, original listing |
| Name: |
Berkshire Hathaway HomeServices Homesale Realty |
| Phone: |
(717) 286-9913 |
| Office Name: |
Berkshire Hathaway HomeServices Homesale Real |
| Office Phone: |
(717) 757-7811 |
| Agent Name: |
Drew Smith |
| Disclaimer: |
Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |
