Connect

Find us on...

Dashboard

Marjorie Dick Stuart

  • Cell 240-731-8079
Questions?

22 N State St, YORK, PA – $825,000

  • $825k Price
  • 10,040 Sqft
  • .04 Acres
  • 20 DOM
  • $825k Price
  • 10,040 Sqft
  • .04 Acres
  • 20 DOM

22 N State St

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!

Request More Info

Essential Information

  • MLS® #PAYK2072868
  • Price$825,000
  • Bathrooms0.00
  • Square Footage10,040
  • Acres0.04
  • Year Built1910
  • TypeMulti-Family
  • Sub-TypeOther, Detached
  • StyleOther
  • StatusActive

Community Information

  • Address22 N State St
  • AreaYork City (15201)
  • CityYORK
  • CountyYORK-PA
  • StatePA
  • MunicipalityYORK CITY
  • Zip Code17403

Amenities

  • ParkingPaved Parking, Private

Interior

  • CoolingCentral A/C, Window Unit(s)
  • # of Stories3

Heating

Forced Air, Baseboard - Electric

Exterior

  • ExteriorBrick and Siding
  • RoofRubber
  • FoundationStone, Other

School Information

  • DistrictYORK CITY

Additional Information

  • Date ListedDecember 3rd, 2024
  • Days on Market20
  • ZoningCOMMERCIAL

Listing Details

  • OfficeInch & Co. Real Estate, LLC
  • Office Contact7179044500
Please provide a valid email address.

© 2020 BRIGHT, All Rights Reserved. Information deemed reliable but not guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Coldwell Banker Residential Realty participates, and is provided by BRIGHT through a licensing agreement. Real estate listings held by brokerage firms other than Coldwell Banker Residential Realty are marked with the IDX logo and detailed information about each listing includes the name of the listing broker.The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.

Listing information last updated on December 22nd, 2024 at 7:45pm CST.