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Key Details
Sold Price $380,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PAYK2054052
Sold Date 03/15/24
Style Federal
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $4,300
Tax Year 2022
Lot Size 3,080 Sqft
Acres 0.07
Property Description
Great Cash Flowing Investment Opportunity! This well-maintained brick 6-unit property consists of 5 spacious 1-bedroom apartments and a 2-bedroom unit. Each unit has undergone recent renovations in the past year, resulting in very low maintenance. Every unit features a gas forced-air heating system, water heater, and its own electric meter. These features, combined with the current professional management in place, have contributed to attracting excellent residents and minimizing turnover. This is advantageous for landlords, as tenant payments are reliable, adding predictability to the investment. The net income for this property is nearly $43,000 per year and could be easily improved, considering that the substantial renovation work on each unit is already completed. This property is a solid, cash-flowing investment, ideal for any investor looking to expand their portfolio this year! Reach out for more information and to schedule a showing today!
Location
State PA
County York
Area York City (15201)
Zoning RESIDENTIAL MULTI FAMILY
Interior
Hot Water Natural Gas
Cooling None
Fireplace N
Heat Source None
Exterior
Water Access N
Roof Type Rubber
Accessibility None
Garage N
Building
Foundation Permanent
Sewer Public Sewer
Water Public
Architectural Style Federal
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District York City
Others
Tax ID 12-381-10-0010-00-00000
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with John MacDonald • Century 21 Core Partners