347 S GEORGE STREET, YORK, PA 17401

REDUCED!  Now 5/4/24 a 12.6% ROI!!!  Investors!  Don’t miss this “as is” 6 unit property - a rare find in today’s world yearning for stability and positive cash flow!  This property has had some recent updates, 5 completed units - 3 of which are rented, and a secure multi-car garage unit with an automatic garage door opener, a security system, additional off street secure parking for multiple cars outside and even more off street parking beyond that!  The garage unit has plenty of space to be a 6th 2 bedroom apartment - just hire your contractor to work within the shell of this space!  The rear 1st floor unit even includes a fully functioning recording sound studio and 2 full baths!  Every unit except the garage includes a refrigerator and a stove.  This 6,277 Sq Ft 6 unit building is a cash cow - tenants pay all utilities.  This building has 4 separate gas meters and 5 separate electric meters.  Attention:  this building is being sold “as is”.  This is an estate sale.  The MLS system is lacking in it’s functionality in relation to multi-unit properties.  This 6 unit, ‘as is’ estate sale has 4 code approved units.  Please ask your Realtor® to provide you all docs uploaded to the MLS “associated docs folder” including a very helpful dossier and an Income and Expense Statement showing a cap rate of 12.60% for this cash generating property.  MASSIVE CASH FLOW!  This property has a total of $61,140 of rents per year which equals $5,095 per month in rent.  The Total annual expenses are $15,046.  There is a net operating income of $46,094.  All together this gives the new owner of this property at a $359,900 sales price a cap rate of 12.25%!  This is fantastic cash flow and gives you plenty of funds to make updates every year to increase the rents even more over time!  This property presently has 3 units occupied - all tenants would like to stay.  3 units are vacant but owner reserves the right to rent units prior to settlement.    347 S George St 1st Floor Front:  Unit includes stove & refrigerator.   Projected rent as per owner $1,100.  Recently remodeled unit.  New flooring, new electric stove, new drywall ceiling, freshly painted ceilings, trim, walls & flooring.  This unit has hot water radiator gas fueled heat, a brand new electric smooth top stove for cooking and a gas fueled water heater.347 S. George St 1st Floor Rear:  Unit includes stove & refrigerator, washer, dryer.  Projected rent $750.  This unit has access to the unfinished basement.  This unit has 2 full baths - one of them is off the fully functioning sound proof recording studio!  347 S George St 2nd Flr Front:  Unit includes stove, refrigerator & microwave.347 S George St 2nd Flr Rear:  Unit includes stove & refrigerator.347 S George St 3rd Flr:  Unit includes stove & refrigerator.347 S. George St 1st Floor Garage:  Projected rent $800. This large tanden garage has off street secure parking, auto garage door opener, alarm system, separate electric & could be modified to have a full bath, 1 bedroom & a kitchen making this a 6 unit apartment building!