Description
Attention investors! This is an excellent opportunity to acquire a stabilized and well maintained 2 unit + garage on the avenues in York city. First floor unit has been recently renovated and poised to be re tenanted on 6/1/21 at $800 per month. Second floor is occupied and the garage is currently rented. The design and amenities of this property are a cut above the average inner city rental. The second and third floor have central air, chandelier lighting, exposed brick, and stainless steel appliances. This property is also in a location that is seeing substantial appreciation within York city. Second floor tenant has been there for 2.5 years and is paying $925. The garage has been rented out for 3 years and is bringing in $75 per month, rental rate set to increase to $100 per month starting 6/1/21. Total "annual expenses" hover around $9,100 and the property has consistently been producing positive cash flow. Acquisition Cap Rate 8%, see APOD document for more details.
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0BEDS
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0.06ACRES
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0BATHS
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01/2 BATHS
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2,058SQFT
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$80$/SQFT
School Information
Description
Attention investors! This is an excellent opportunity to acquire a stabilized and well maintained 2 unit + garage on the avenues in York city. First floor unit has been recently renovated and poised to be re tenanted on 6/1/21 at $800 per month. Second floor is occupied and the garage is currently rented. The design and amenities of this property are a cut above the average inner city rental. The second and third floor have central air, chandelier lighting, exposed brick, and stainless steel appliances. This property is also in a location that is seeing substantial appreciation within York city. Second floor tenant has been there for 2.5 years and is paying $925. The garage has been rented out for 3 years and is bringing in $75 per month, rental rate set to increase to $100 per month starting 6/1/21. Total "annual expenses" hover around $9,100 and the property has consistently been producing positive cash flow. Acquisition Cap Rate 8%, see APOD document for more details.
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