Active
22 N State St
York PA, 17403
$825,000
$82.17 per sqft
Active
10 Beds
10,040 sqft
Residential
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!
PAYK2072868
MLSⓇ ID
December 3, 2024
Listed
December 3, 2024
Updated
Map
22 N State St
York PA, 17403
Interior Features
Total Stories
3
Bedrooms
10
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
Architectual Style
Other
Roof
Rubber
Sewer
Public Sewer
School Information
School District
YORK CITY
Other Property Details
Area Name
YORK CITY
Taxes
$2,369
Tax Frequency
Annually
Days on Market
1
Garage
No
Parking Total
14
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 12/3/2024. 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.
©2024 Bright MLS, Inc. all rights reserved.
Data last updated on 12/3/2024 at 10:49 PM UTC