Price Reduction - Views
Address
704 W Princess Street, York, PA
Price
$ 149,900
Property Attributes
- MLS#PAYK2054028
- TypeMulti-Family
- CountyYORK
- CityYork
- AreaYork City
- Zip17401
- StyleUnit/Flat
- Year Built1900
- Taxes$ 2689
- Price$ 149,900
- Bedrooms4
- Full Bathrooms0
- Half Bathrooms0
- Lot Size1,742 SqFt
Data Source:
Bright MLS
Property Description
REDUCED!!! Now at a 9.41% Cap Rate!!!! Attention investors!!!! Heres a 3 (maybe it could be 4 income generating units in total if you include the 1 car garage to the rear) property. New roof Feb of 2023! This unit has 3 apartments which are as follows: Apt 1: 1 Bedroom, 1 Bath $775 mo. to mo. written lease. Apt 2: 2 Bedrooms, 1 Bath $850 mo. to mo. written lease. Apt 3: 1 Bedroom, 1 Bath $625 mo. to mo. Unit 1 is located on the ground floor and has access to the basement. The exterior has 5 electrical boxes. Tenants pay all electric. Garage has its own electrical box. 1 Common area electrical box for owner. Owner pays all heat, water, sewer and garbage. Tenants pay electric. 1 Furnace in the bsmt is controlled by the tenant on the 1st floor. Owner pays for all hot water and cooking gas as well. This property provides a monthly rental cash flow of $2,250 per month which is $27,000 per year. Yearly Expenses: $12,901 Net Operating Income: $14,099. Cap Rate of 9.41%. Expenses are: Gas $3,302, Water $1,260, Sewer $1,260, Insurance $750, Maintenance $1,000, Vacancy Factor of 5% is $1,350, Code Inspections $450, Taxes $2,545, Garbage $984. All written leases can be downloaded - ask your Realtor to look in the associated docs for more documentation. All tenants have been informed they will be notified of all showings. Please schedule showings between 9 AM and no later than 8 PM. West King Street is a wide street with updated public lamp lighting and recently paved very smooth streets. 1st floor unit with access to the basement could have a coin operated washer and dryer installed with some work. Some water in basement likely from alley way needing to be caulked. Unit 3 is only accessible via the rear metal fire escape. Unit 1 tenant has furniture in front of the door via the vestibule. Unit 1 and Unit 2 have front and rear accesses. Unit 3 is only accessible via the 3 story fire escape. Presently this property is being well managed by Yorktowne Property Shoppe which is located only a few blocks away from this property.
| Price History | |
|---|---|
| 1/3/2024 | Listed $163,000 |
| 2/3/2024 | 2% - $159,900 |
| 4/16/2024 | 4% - $154,900 |
| 5/4/2024 | 4% - $149,900 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Hot Water |
| Cooling | None |
| Utilities | Cable TV,Electric Available,Natural Gas Available,Phone,Sewer Available,Water Available |
| Possession | 0-30 Days CD,Immediate |
| Roof | Rubber |
| Appliances | Oven/Range - Gas,Refrigerator |
| Exterior Features | Fire Escape,Sidewalks,Street Lights |
| Zoning | RESIDENTIAL |
| Garage Spaces | 1.00 |
| Pool Y/N | No Pool |
| Architectural Style | Unit/Flat |
| Security Features | Smoke Detector |
| Construction Materials | Brick |
| Exclusions | All tenant personal property |
| Year Built | 1900 |
| Electric | 200+ Amp Service |
| View | Street |
| Property SubType | Triplex |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Cool Fuel | None |
| OwnerPays | Gas,Heat,Insurance,Management,Sewer,Taxes - Real Estate,Water,Trash Collection |
| Accessibility | None |
| County | YORK |
| Insurance Expense | 750.00 |
| New Construction | No |
| Property Type | Multi-Family |
| MaintenanceExpense | 1000.00 |
| Garage Y/N | Yes |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Status | ACTIVE |
| Directions | Located on the 700 Block of West Princess St in York City which runs parallel to West Market Street to the South. |
| ModificationTimestamp | 2024-05-04T13:26:41 |
| City | YORK |
| Buyer Agent Compensation | 3 |
| Zoning Description | Residential Multi-unit |
| Total Units | 3 |
| MLS Area | York City (15201) |
| Lot Size Square Feet | 1699.00 |
| Tax Assessed Value | 42940.0 |
| Waterfront Y/N | No |
| Number of Units Leased | 3 |
| Street Name | PRINCESS |
| Tax Annual Amount | 2689.0 |
| Home Warranty Y/N | No |
| Property Condition | Average |
| Two Bedroom | 1 |
| Structure Type | Interior Row/Townhouse |
| One Bedroom Units Count | 2 |
| Price Per Sq Ft | 65.23 |
| Acceptable Financing | Conventional,Cash |
| Historic Y/N | No |
| Rent Control Y/N | No |
| Vacation Rental Y/N | No |
| Total SQFT | 2298 |
| Days on Market | 124 |
| Location Type | Middle Of Block |
| Lease Type | Month to Month |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 0003 |
| Total Actual Rent | 27000.00 |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Flooring | Hardwood,Laminated,Vinyl |
| Hot Water | Natural Gas |
| Total Stories | 3 |
| Furnished Units | None |
| Basement (Y/N) | No |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Street Suffix | STREET |
| Central Air Y/N | No |
| LivingAreaSource | Assessor |
Exterior Features
| Water Source | Public |
|---|---|
| Inclusions | All units include: Refrigerator,Stove,1 car garage to the rear of the property. |
| Total Parking Spaces | 1 |
| Garage Features | Garage - Rear Entry |
| Type of Parking | Detached Garage |
| Land Use Code | 122 |
| Foundation Details | Stone |
| Water View Y/N | No |
| Lot Size Acres | 0.04 |
| Road Surface Type | Black Top,Paved |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Road Responsibility | City/County |
| Land Assessed Value | 0.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| # of Detached Garage Spaces | 1 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 17401
Price
Taxes
Visits
Year Built
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