Twitter
Facebook
Email
|
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!
| DAYS ON MARKET | 122 | LAST UPDATED | 12/2/2024 |
|---|---|---|---|
| YEAR BUILT | 1910 | COMMUNITY | York City (15201) |
| COUNTY | YORK | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | YORK CITY |
|---|
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric, Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater, Gas Water Heater |
| AREA | York City (15201) |
| CONSTRUCTION | Block, Brick |
| HEAT | Baseboard, Electric, Forced Air, Natural Gas |
| LOT | 1742 sq ft |
| PARKING | On Street, Parking Lot |
| SEWER | Public Sewer |
| TAXES | 2369 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
I
*Estimate only
| SATELLITE VIEW |
| / | |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Todd
Stonesifer to contact you even if your name is on a Federal or State
"Do not call List".
Listing provided by Inch & Co. Real Estate, LLC
All information provided is deemed reliable but is not guaranteed and should
be independently verified. No reproduction, distribution, or transmission of the
information at this site is permitted without the written permission from the MLS
Participant.
IDX information is provided exclusively for consumer’s personal,non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
This IDX solution is (c) Diverse Solutions 2025.