Cash Flowing Multifamily Opportunity in York, PA.
Welcome to this beautifully updated duplex located in the vibrant and historic heart of York City. With a blend of classic charm and modern convenience, this property presents an excellent investment opportunity for landlords looking to maximize rental income in a prime location.
Key Features:
* Property Type: Interior row townhouse
* Construction: Sturdy brick, built in 1900
* Layout: Three levels featuring a 1-bedroom unit and a 3-bedroom unit
* Total Area: 1,789 square feet on a 0.04-acre lot for low maintenance
* Parking: Convenient on-street and off-street options
Unit Details:
The property comprises two spacious and well maintained living spaces. The second unit, a 3-bedroom, is currently rented at $1,225 per month, and the first unit, a 1 bedroom apartment is currently rented at $1,100. Tenants handle gas and electric (separate meters for each unit). This setup presents a dependable income stream with room to optimize rental earnings.
Location Benefits:
Situated conveniently in York, this location offers easy access to everyday essentials and leisure activities. For healthcare services, York Hospital is just a stone's throw away, ensuring peace of mind for tenants. The property is also well-connected to major routes including 74, 30 and 83, making commuting a breeze for residents.
Market Potential:
This duplex is an appealing option for investors seeking to capitalize on York City's robust rental market. With current rents at $2,325 with room for increase to market rent, this property guarantees returns as property values continue to benefit from local developments and infrastructure improvements.