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22 N State Street

YORK, PA 17403
  • $825,000
  • STATUS: Active
  • ON SITE: 70 Days
  • ID#: PAYK2072818
UPDATED: 7 min ago
$825,000
  • 0
    BEDS
  • 0.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1910
County:

School Ratings & Info

School District:

Description

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. Dont miss this high-performing asset"contact us today for detailed financials and a private tour!

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©2025 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Jim Powers Team- Berkshire Hathaway Home Services Homesale Realty. 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. Data last updated: 2025-02-11T13:52:53.617.
www.yorkhomes.net/homes/158427374
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22 N State Street YORK, PA 17403

  • Price: $825,000
  • Status: Active
  • On Site: 70 Days
  • Updated: 7 min ago
  • ID#: PAYK2072818
0
Beds
0
Baths
0
½ Baths
0.04
Acres
1910
Built
Neighborhood:
York City (15201)
County:
York
Area:
York City (15201)
School District:
York City
Property Description
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. Dont miss this high-performing asset"contact us today for detailed financials and a private tour!
Exterior Features

Construction Materials BlockBrickCombination Garage YN No Parking Types Parking LotOn Street Roof Rubber Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 3480.00 Cooling Central A/CWindow Unit(s) Exclusions tenant personal property Heating Baseboard - ElectricForced Air Heating YN Yes Net Square Feet 10040.00 Security Features Fire Detection SystemMonitored

Property Features

Acceptable Financing CashConventional Accessibility Features 2+ Access Exits Central Air YN Yes Cooling Fuel Electric Electric Expense 10440.00 Gross Income 112800.00 Ground Rent Payment Frequency Annually Heating Fuel ElectricNatural Gas Hot Water Natural GasElectric Lease Considered YN No Municipality YORK CITY Navigable Water YN N Net Operating Income 6210.00 New Construction YN No Number Of Units Total 6 Operating Expense 21140.00 Operating Expense Includes ElectricHeating/CoolingSewerWater Original MLSNumber 803509873290 Owner Pays ElectricityHeatSewerWater Ownership Interest Fee Simple Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 2369.00 Tax Lot 0009 Total Actual Rent 74500.00 Vacation Rental YN No Water Source Public Zoning COMMERCIAL

Listing courtesy of Inch & Co. Real Estate, LLC: .


©2025 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Jim Powers Team- Berkshire Hathaway Home Services Homesale Realty. 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. Data last updated: 2025-02-11T13:52:53.617.
 
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Jim Powers Team- Berkshire Hathaway Home Services Homesale Realty
2525 Eastern Blvd.
York PA, 17402