7315 sqft | #4243332
Description
Built in 1900 and first used as the County Jail. This property has been converted to 6 apartments and has a long rent history. Current owner purchased 18 years ago.
This property has alot of upside potential for the right energetic buyer. Property is in need of TLC in order to unlock its potential. Offered at a 9% cap rate to previous NOI! With market financing this equates to an 11.61% return not including tax deductions for interest or depreciation!
Nothing has been done to encourage energy efficiency. The plan is to make units energy efficient and work work tenants to increase rents by the amount of energy cost savings resulting in a higher NOI and future sales price.
Owner had self managed and now is moving across Country.
Property Details
- FoundationBasement, Permanent, Other - See Remarks
- AppliancesElectric Range, Other
- Basement DescriptionPartial, Unfinished
- Parking FeaturesParking Lot, None
- Parcel Number070-13-01-020
- Property TypeMulti-Family
- Sewer InformationPublic Sewer
- CoolingCentral Air
- Cooling FeaturesCentral Air
- Elementary SchoolUnspecified
- Middle SchoolUnspecified
- High SchoolUnspecified
- RoofBuilt-Up
- Original List Price$575,000
- MLS #4243332
- Property SubtypeSixplex
- MLS #4243332
- Cost575000
- Square Feet7315
- Year Built1900
- Utility SourceCity
- CountyYork
- Parking Spaces12
- Basement1
- Basement Finished1
- Days on Market (Cumulative)4
Location
Legal
Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 2025-04-06 20:46:13. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Last Updated: . Source: CANOPY
Listing Courtesy
Listing Agent: Bob Smith (#CAR92394), Email: GraniteRealEstateLLC@gmail.com
Listing Office: Granite Real Estate Investments, LLC (#CAR1838)
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