BEDS0
BATHS
MLS#PAYK2099466
STATUSACTIVE
PROPERTY TYPECommercial -
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: 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: Don Helsel
Agent Phone: (717) 468-5106
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First American
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
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.donhelsel.com today.