SQUARE FEET3,652
MLS#PAYK2100220
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SCHOOLYORK CITY
Property Description
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. "Stabilized 8% cap asset with a clear, conservative path to 10–11% returns through voucher-based rent optimization."
Property Features
Property Type: Multi Unit - Multiple
Cooling: Window Unit(s)
Fuel Type: Natural Gas
Heating: Hot Water, Central
Lot Size: 0.11 Acres
Taxes: $3,954
Year Built: 1915
Feature Descriptions
Accessibility: 2+ Access Exits
Additional Structures: Above Grade, Below Grade
Exterior: Brick
Lot Dimensions: 0.11 Acre(S)
Municipality: YORK CITY
One Bedroom Units: 4
Sewer: Public Sewer
Structure Type: Interior Row/Townhouse
Three Bedroom Units: 2
Total Garage/Parking Spaces: 16
Two Bedroom Units: 4
Units: 4
Water: Public
Local Schools
School District: YORK CITY
Listed By / Shown By
Listed By
Agency Name: Yohn Property Management, LLC
Agency Phone: 7175771350
Shown By
Agent Name: Ed Freeman & Teri Lutz Freeman
Agent Phone: (610) 750-1444
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First AmericanEstimate Your Payment
Estimated Payment
$ 2,595.01 per month $2,003.01 Principal & Interest $329.50 Property Tax $262.50 Homeowner's Insurance
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
640-646 W Market Street | MLS# PAYK2100220
This multi-family 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.freeman4realestate.com today.