INVESTOR ALERT: Opportunity knocks at 421 Park Street, York, PA! This property is perfect for starting or expanding your investment portfolio. The second-floor unit is currently rented for $1,195/month, while the first floor is rented for $1,035/month. Rental amounts will be raised to 1,400/month for the second floor and 1,200 for the first floor on November 1st, subject to section 8 approval. Tenants are responsible for paying gas, and electric. Both leases will be renewed in September. Whether you choose to live in one unit and rent the other this is a versatile, investment. A 24-hour notice is required for showings.
Mixed use property featuring commercial space (currently a church) on the first floor, a garage on the back of the property, and apartments on the 1st, 2nd, and 3rd floors. Total monthly cashflow is $3,445 and leases are attached in Documents. Church $640/month; 1st Floor Apartment (Studio, 1 Bath) $685/month ; 2nd Floor Apartment (4 Bedroom, 2 Bath) $1,000/month; 3rd Floor Apartment (2 Bedroom, 1 Bath) $930/month; Garage $200/month. The second floor apartment is under market-value rent by about $400/month (see report in documents). Annual expenses for 2023 were as follows: Gas $5,550; Electric $398; Wastewater $2,875, Sewer & Water; $2,464.
The median home value in York, PA is $56,600. This is lower than the county median home value of $181,300. The national median home value is $219,700. The average price of homes sold in York, PA is $56,600. Approximately 32.21% of York homes are owned, compared to 51.93% rented, while 15.86% are vacant. York real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a York real estate agent to arrange a tour today!
York, Pennsylvania 17401 has a population of 44,058. York 17401 is less family-centric than the surrounding county with 27.6% of the households containing married families with children. The county average for households married with children is 29.86%.
The median household income in York, Pennsylvania 17401 is $29,834. The median household income for the surrounding county is $61,707 compared to the national median of $57,652. The median age of people living in York 17401 is 30.5 years.
The average high temperature in July is 87 degrees, with an average low temperature in January of 21.9 degrees. The average rainfall is approximately 42.5 inches per year, with 25 inches of snow per year.