UPDATED:
12/16/2024 01:16 PM
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 7,650 sqft
Price per Sqft $146
MLS Listing ID PAYK2073398
Originating Board BRIGHT
Year Built 1984
Annual Tax Amount $10,500
Tax Year 2024
Lot Size 0.560 Acres
Acres 0.56
Property Description
Each of the six townhomes features two bedrooms, one bathroom, and a basement with washer and dryer hookups, making them highly functional and desirable for residents. All units come with private decks, offering outdoor space. The property underwent a complete rehab in 2021, which included modernized kitchen cabinets, sinks, appliances, flooring, and paint, along with updated bathrooms featuring new vanities, mirrors, and fixtures. Additionally, the parking lot was blacktopped in 2021, adding convenience and appeal for residents. All utilities are public.
The net operating income (NOI) is $78,223 (Assuming a 7% management fee and using actual profit / loss numbers from 12/1/23 to 11/30/24.). Being sold at a 7% cap rate. Tenants pay for all their utilities (water, sewer, trash, electric). Water / Sewer / Trash bills are sent to the landlord, the landlord then bills back the tenants.
Additionally, this property shares a parking lot with another six-unit townhome complex, which is not owned by the same seller. Should that neighboring property become available in the future, it presents a potential opportunity to expand your portfolio with an additional six units.
Don't miss the chance to make it yours!
Location
State PA
County York
Area Dover Twp (15224)
Zoning R3 MEDIUM DENSITY RES
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Inclusions 6 refrigerators, 6 dishwashers, 6 stove/range.
Heat Source Electric
Exterior
Garage Spaces 13.0
Water Access N
Roof Type Shingle
Accessibility None
Total Parking Spaces 13
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Dover Area
Others
Tax ID 24-000-JG-0082-00-00000
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
