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704 W Princess Street

YORK, PA 17401
  • $144,900
  • STATUS: Active
  • ON SITE: 173 Days
  • MLS #: PAYK2054028
Price Reduced
$144,900
  • 0
    BEDS
  • 0.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,298
    SQFT
  • $63
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

School District:

Description

JUST REDUCED!!! Now at a 9.73% Cap Rate!!!! WOW! Attention investors!!!! Heres 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 its 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. This property provides a monthly rental cash flow of $2,250 per month which is $27,000 per year. Yearly Expenses: $12,901 Net Operating Income: $14,099. Cap Rate of 9.73%. 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. 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.

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704 W Princess Street YORK, PA 17401

  • Price: $144,900
  • Status: Active
  • On Site: 173 Days
  • MLS #: PAYK2054028
0
Beds
0
Baths
0
½ Baths
0.04
Acres
2,298
SQFT
$63
$/SQFT
1900
Built
Neighborhood:
York City (15201)
County:
York
Area:
York City (15201)
School District:
York City
Property Description
JUST REDUCED!!! Now at a 9.73% Cap Rate!!!! WOW! Attention investors!!!! Heres 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 its 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. This property provides a monthly rental cash flow of $2,250 per month which is $27,000 per year. Yearly Expenses: $12,901 Net Operating Income: $14,099. Cap Rate of 9.73%. 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. 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.
Exterior Features

Architectural Style Unit/Flat Construction Materials Brick Exterior Features Fire EscapeSidewalksStreet Lights Garage Spaces 1.00 Garage Type Garage - Rear Entry Garage YN Yes Location Type Middle Of Block Parking Types Detached Garage Pool No Pool Property Condition Average Road Responsibility City/County Road Surface Type Black TopPaved Roof Rubber View Street Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2298 Appliances Oven/Range - GasRefrigerator Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling None Exclusions All tenant personal property Fireplace YN No Flooring HardwoodLaminatedVinyl Heating Hot Water Heating YN Yes Inclusions All units include: RefrigeratorStove1 car garage to the rear of the property. Security Features Smoke Detector Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 1 Units Furnished None Walls Ceilings Plaster Walls

Property Features

Acceptable Financing ConventionalCash Accessibility Features None Central Air YN No Cooling Fuel None Cross Street South Belvidere Street Electric 200+ Amp Service Existing Lease Type Month to Month Foundation Details Stone Heating Fuel Natural Gas Historic YN No Hot Water Natural Gas Insurance Expense 750.00 Maintenance Expense 1000.00 Municipality YORK CITY Navigable Water YN N New Construction YN No Number Of Units Leased 3 Number Of Units Total 3 Number Of Units Vacant 0 Operating Expense Includes InsuranceTrash Original MLSNumber 802796265748 Owner Pays GasHeatInsuranceManagementSewerTaxes - Real EstateWaterTrash Collection Ownership Interest Fee Simple Property Sub Type Triplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 2689.00 Tax Lot 0003 Total Actual Rent 27000.00 Utilities Cable TVElectric AvailableNatural Gas AvailablePhoneSewer AvailableWater Available Vacation Rental YN No Water Source Public Zoning RESIDENTIAL Zoning Description Residential Multi-unit

 
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