22 North State Street
$825,000
—
10,040
10,040
$82
Description
Prime investment opportunity at 22 N State St! This mixed-use commercial property offers immediate income potential and significant value-add opportunities. The first floor is leased to a long-term tenant at $2,500/month, with an additional newly approved commercial space in the lower level (separate entrance) projected to rent for $900-$1,000/month. Four residential units on the upper floors, each with private entrances, generate a total of $6,850/month (Units 1 & 2 at $1,850 each with recent increases,...Prime investment opportunity at 22 N State St! This mixed-use commercial property offers immediate income potential and significant value-add opportunities. The first floor is leased to a long-term tenant at $2,500/month, with an additional newly approved commercial space in the lower level (separate entrance) projected to rent for $900-$1,000/month. Four residential units on the upper floors, each with private entrances, generate a total of $6,850/month (Units 1 & 2 at $1,850 each with recent increases, and Units 3 & 4 at $1,650 and $1,500, both month-to-month with room for rent adjustments). The 14-space parking lot serves tenants and commercial use, with one space currently rented for $50/month and potential for more. Recent upgrades include a fully replaced roof (2 years), and updates to electrical, plumbing, security and fire systems, and exterior (all within 3 years). The property is currently at a 9% CAP rate and 10.6% cash-on-cash return, with the potential to exceed a 11% CAP rate and 17% cash-on-cash return with market rent adjustments. Don’t miss this high-performing asset—contact us today for detailed financials and a private tour!
- Listed by Adam Druck • Inch & Co. Real Estate, LLCP: (717)-487-2579 yourrealtoradamd@gmail.com
Property Details for 22 North State Street
Tax ID Number
12-379-08-0009-00-00000
OwnershipFee Simple
Structure TypeDetached
StyleOther
WaterfrontNo
GarageNo
MunicipalityYORK CITY
Total Parking Spaces14
LISTING UPDATED: 12/03/2024 05:10 PM
Property Details for 22 North State Street
Status | Active |
---|---|
MLS # | PAYK2072868 |
Days on Market | 15 |
Taxes | $2,369 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 1910 |
Lot Size | 0.04 AC / 1,590 SF |
County | York County |
Building Information for 22 North State Street
Stories-Residences4Year Built1910Building Size-Lot Size0.04 AC / 1,590 SF
Property Information for 22 North State Street
Property History for 22 North State Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 22 North State Street
Taxable ValueLand$10,340Additions$27,160Total$37,500
Tax Record2024$2,328 ($194 / month)
Home Facts
Total Finished SqFt3,480 SqFtAbove Grade Finished SqFt3,480 SqFtStories2Lot Size1,612 SqFtStyleStoresYear Built1910ZoningRSCountyYORKAPN12-379-08-0009.00-00000
Schools near 22 North State Street
This home is within York City School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | 3 to 8 |
Rating | School | Distance |
---|---|---|
Goode School PublicPK to 8 | ||
Hannah Penn Middle School PublicPK to 8 | ||
William Penn Senior High School Public9 to 12 | ||
Edgar Fahs Smith STEAM Academy Public3 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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