Active

22 N State St

York PA, 17403

$825,000


$237.07 per sqft

Active

3,480 sqft

Commercial

Built in 1910

Prime investment opportunity at 22 N State St! This mixed-use commercial property offers immediate income potential and significant value-add opportunities. The first floor is leased to a long-term tenant at $2,500/month, with an additional newly approved commercial space in the lower level (separate entrance) projected to rent for $900-$1,000/month. Four residential units on the upper floors, each with private entrances, generate a total of $6,850/month (Units 1 & 2 at $1,850 each with recent increases, and Units 3 & 4 at $1,650 and $1,500, both month-to-month with room for rent adjustments). The 14-space parking lot serves tenants and commercial use, with one space currently rented for $50/month and potential for more. Recent upgrades include a fully replaced roof (2 years), and updates to electrical, plumbing, security and fire systems, and exterior (all within 3 years). The property is currently at a 9% CAP rate and 10.6% cash-on-cash return, with the potential to exceed a 11% CAP rate and 17% cash-on-cash return with market rent adjustments. Don't miss this high-performing asset--contact us today for detailed financials and a private tour!

PAYK2072818

MLS ID

December 2, 2024

Listed

December 2, 2024

Updated

Map

22 N State St
York PA, 17403

Interior Features

Appliances

Electric Water Heater


Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Window Unit(s)


Heating

Yes


Heating Description

Forced Air, Baseboard, Electric, Natural Gas

Exterior/Building Features

Lot Size

0.04 Acres


Roof

Rubber


Sewer

Public Sewer

Other Property Details

Area Name

YORK CITY


Taxes

$2,369


Tax Frequency

Annually


Days on Market

1


Garage

No


Parking

On Street


Parking Total

16


View

No


County

YORK


Water Source

Public


Pool

No

Listed by Inch & Co. Real Estate, LLC
Listing Contact: 7174872579 

The IDX display contains information sourced from the Bright MLS, Inc. as of 12/2/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 12/2/2024 at 8:19 PM UTC

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