Features & Amenities

Interior

  • Total Bedrooms

    1

  • Bathrooms

    N/A

  • Above Grade Finished Area

    22447.0

  • Cooling YN

    YES

  • Cooling

    Other, Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Natural Gas, Central

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    Off Street, On Street

  • Pool

    Yes

  • Pool Features

    None

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.35

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    Other

Price

  • Sales Price

    $1,100,000

  • Tax Amount

    $22,447

  • Sq. Footage

    22, 447

  • Price/SqFt

    $49

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Sewer

    Public Sewer

  • Tax Lot

    0012

  • Water Source

    Public

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Location

County

YORK

Elementary School

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High School

Listing Courtesy of Collin Michael Boyer , Real of Pennsylvania

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Exceptional opportunity to acquire a seven-property for a total of 8 units investment portfolio on West Jackson Street in York City. The portfolio consists of 150, 228, 230, 259, 261, 264, and 274 W Jackson St, all individually deeded properties being offered together. Most properties are rented by the room and primarily serve the student housing market, though they can also be rented to non-students. Many of the properties have six tenants each and utilities are largely paid by tenants or billed back to them, helping reduce owner expenses. The portfolio has historically maintained strong occupancy with only two semesters of vacancy in the past five years. York City inspects student properties annually, with certain properties inspected every other year. Investors will appreciate the ability to acquire multiple income-producing properties in a concentrated location with immediate cash flow and future upside through rent normalization and operational improvements.

7 Properties On W JACKSON STREET

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New on site 2 days ago
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, highly lucrative path to stabilization via local Section 8 conversion and commercial unit optimization, investors can capitalize on a massive value-add NOI uplift of $37,551.12. This optimization pushes the gross monthly income to $14,202.00, driving the Pro Forma Cap Rate to an incredible 12.28% and elevating the Cash-on-Cash return to a staggering 23.14%. Requiring $252,000.00 in total cash needed to close, this portfolio boasts a highly secure 2.12x Pro Forma DSCR, providing excellent current yield with verifiable, explosive upside.

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YORK

640-646 W MARKET STREET

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None Baths

3,652 Sq.Ft.

$900,000

MLS#: PAYK2100220

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