Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1900
Sq.Footage
7,315
Built in 1900 and first used as the County Jail. This property has been converted to 6 apartments and has a long rent history. Current owner purchased 18 years ago. This property has alot of upside potential for the right energetic buyer. Property is in need of TLC in order to unlock its potential. Offered at a 9% cap rate to previous NOI! With market financing this equates to an 11.61% return not including tax deductions for interest or depreciation! Nothing has been done to encourage energy efficiency. The plan is to make units energy efficient and work work tenants to increase rents by the amount of energy cost savings resulting in a higher NOI and future sales price. Owner had self managed and now is moving across Country.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Above Grade Finished Area
7315.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air
-
Heating YN
YES
-
Heating
Central
-
Pet friendly
No
Exterior
-
Garage
Yes
-
Garage spaces
12
-
Construction Materials
Brick
-
Parking
Parking Lot, None
-
Patio and Porch Features
Deck, Front Porch
-
Pool
No
Area & Lot
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Other
Price
-
Sales Price
$575,000
-
Sq. Footage
7, 315
-
Price/SqFt
$78
HOA
-
Association
No
School District
-
Elementary School
Unspecified
-
Middle School
Unspecified
-
High School
Unspecified
Property Features
-
Foundation Details
Permanent
-
Senior Community YN
NO
-
Sewer
Public Sewer
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Location
County
York
Elementary School
Unspecified
Middle School
Unspecified
High School
Unspecified
Listing Courtesy of Bob Smith , Granite Real Estate Investments, LLC
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Agent
Mitch Totherow
Call Mitch today to schedule a private showing.
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