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Key Details
Sold Price $385,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PAYK2065766
Sold Date 08/30/24
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $7,474
Tax Year 2024
Lot Size 0.392 Acres
Acres 0.39
Property Description
7-Unit Multi-Family Property with Income Potential Cap Rate at 8.47 %
Investment Opportunity! This 7-unit property offers exceptional income potential. Enjoy the benefits of owning a well-maintained multi-family building with a proven rental history. This property offers four 1 bed room apartments and three 2 bedroom apartments.
Rents are as follows: 731 Vander Apt 1 occupied $625 a month, 731 Vander Apt 2 occupied $560 a month, 731 Vander Apt 3 Vacant $795 a month, 731 Vander Garage occupied $100 a month, 733 Vander Apt 1 occupied $600 a month, 733 Vander Apt 2 occupied $700 a month, 733 Vander Apt 3 occupied $845 a month, 733 Vander Apt 4 Vacant $895 a month, 733 Vander Garage occupied $50 a month.
Property Highlights:
7 Spacious Units: Ample living space for tenants.
2-Car Garage: Provides convenient covered parking.
Abundant Off-Street Parking: Plenty of space for residents and guests.
Recent Renovations: Two units boast brand-new floors, paint, kitchens, and bathrooms.
Strong Rental Income: Five units currently leased, plus garage rental.
This property is ideally suited for investors seeking a steady income stream. With its prime location and recent upgrades, it's ready to generate immediate returns.
Don't miss this chance to build your real estate portfolio!
Location
State PA
County York
Area York City (15201)
Zoning RESIDENTIAL
Interior
Hot Water Electric
Heating Forced Air
Cooling None
Heat Source None
Exterior
Garage Spaces 5.0
Waterfront N
Water Access N
Accessibility 2+ Access Exits
Parking Type Private Garage, Other
Total Parking Spaces 5
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District York City
Others
Tax ID 12-431-20-0018-00-00000
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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