BEDS0
BATHS
MLS#PAYK2099466
STATUSACTIVE
PROPERTY TYPECommercial -
SCHOOLYORK CITY
Property Description
Rare investment opportunity located at 640, 642, 644, 646 West Market and 652-654 West Mason Avenue. Offered at $900,000 , this cash-flowing asset delivers an immediate 8.11% Cap Rate and an 8.24% Cash-on-Cash return from day one. Currently generating a gross monthly income of $10,873.00 , the property produces a reliable monthly before-tax cash flow of $1,730.92. With a clear path to stabilization, investors can capitalize on a value-add NOI uplift of $11,471.76 , pushing the Pro Forma Cap Rate to a highly attractive 9.38% and elevating the Cash-on-Cash return to 12.79%. Requiring $252,000.00 in total cash needed to close , this portfolio offers a solid 11.89% internal rate of return (IRR), providing excellent current yield with verifiable upside.
Property Features
Property Type: Commercial -
Cooling: Window Unit(s), Central A/C
Fuel Type: Natural Gas
Heating: Hot Water, Central
Roof Type: Asphalt, Rubber
Taxes: $2,453
Year Built: 1915
Feature Descriptions
Accessibility: 2+ Access Exits
Exterior: Brick
Flooring: Luxury Vinyl Plank, Vinyl, Hardwood
Municipality: YORK CITY
Sewer: Public Sewer
Total Garage/Parking Spaces: 16
Units: 13
Water: Public
Local Schools
High School: WILLIAM PENN
Middle School: HANNAH PENN
Elementary School: FERGUSON
School District: YORK CITY
Listed By / Shown By
Listed By
Agency Name: Yohn Property Management, LLC
Agency Phone: 7175771350
Shown By
Agent Name: The Jeramie McLaughlin Team
Agent Phone: (717) 842-0512
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First American
640-646 W Market Street | MLS# PAYK2099466
This commercial property located at 640-646 W Market Street, York, PA 17401 is currently listed for sale with an asking price of $900,000. 640-646 W Market Street is located within the YORK CITY school district. Search York real estate on www.tjmtrealty.com today.