$825,000
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22 N State Street York, PA 17403 Municipality: York City
Single Family
Residence
Beds
Baths
Sq. Ft.
0.04
Acre
Lot
Property Activity
Time on Site
days
Days on Market
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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 (separat...e 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. Donât miss this high-performing assetâcontact us today for detailed financials and a private tour!
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MLS#
PAYK2072868
Property Type
Single Family
Year Built
1910
Price per Sq. Ft.
$82.17
Lot Size
0.04
Sewer
Public Sewer
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