347 South George Street
347 South George Street
York, PA 17401
$359,900
Price
—
Beds
6,277 Sq. Ft.
$57 / Sq. Ft.
6,277
Sq. Ft.
$57
per Sq. Ft.
Description
Investors! Don’t miss this “as is” 6 unit property - a rare find in today’s world yearning for stability and positive cash flow! This property has had some recent updates, 5 completed units - 3 of which are rented, and a secure multi-car garage unit with an automatic garage door opener, a security system, additional off street secure parking for multiple cars outside and even more off street parking beyond that! The garage unit has plenty of space to be a 6th 2 bedroom apartment - just hire your...Investors! Don’t miss this “as is” 6 unit property - a rare find in today’s world yearning for stability and positive cash flow! This property has had some recent updates, 5 completed units - 3 of which are rented, and a secure multi-car garage unit with an automatic garage door opener, a security system, additional off street secure parking for multiple cars outside and even more off street parking beyond that! The garage unit has plenty of space to be a 6th 2 bedroom apartment - just hire your contractor to work within the shell of this space! The rear 1st floor unit even includes a fully functioning recording sound studio and 2 full baths! Every unit except the garage includes a refrigerator and a stove. This 6,277 Sq Ft 6 unit building is a cash cow - tenants pay all utilities. This building has 4 separate gas meters and 5 separate electric meters. Attention: this building is being sold “as is”. This is an estate sale. The MLS system is lacking in it’s functionality in relation to multi-unit properties. This 6 unit, ‘as is’ estate sale has 4 code approved units. Please ask your Realtor® to provide you all docs uploaded to the MLS “associated docs folder” including a very helpful dossier and an Income and Expense Statement showing a cap rate of 12.25% for this cash generating property. Massive cash flow! This property has a total of $61,140 of rents per year which equals $5,095 per month in rent. The Total annual expenses are $15,046. There is a net operating income of $46,094. All together this gives the new owner of this property at a $359,900 sales price a cap rate of 12.25%! This is fantastic cash flow and gives you plenty of funds to make updates every year to increase the rents even more over time! This property presently has 3 units occupied - all tenants would like to stay. 3 units are vacant but owner reserves the right to rent units prior to settlement.
347 S George St 1st Floor Front: Unit includes stove & refrigerator. Projected rent as per owner $1,100. Recently remodeled unit. New flooring, new electric stove, new drywall ceiling, freshly painted ceilings, trim, walls & flooring. This unit has hot water radiator gas fueled heat, a brand new electric smooth top stove for cooking and a gas fueled water heater.
347 S. George St 1st Floor Rear: Unit includes stove & refrigerator, washer, dryer. Projected rent $750. This unit has access to the unfinished basement. This unit has 2 full baths - one of them is off the fully functioning sound proof recording studio! 347 S George St 2nd Flr Front: Unit includes stove, refrigerator & microwave.
347 S George St 2nd Flr Rear: Unit includes stove & refrigerator.
347 S George St 3rd Flr: Unit includes stove & refrigerator.
347 S. George St 1st Floor Garage: Projected rent $800. This large tanden garage has off street secure parking, auto garage door opener, alarm system, separate electric & could be modified to have a full bath, 1 bedroom & a kitchen making this a 6 unit apartment building!
347 S George St 1st Floor Front: Unit includes stove & refrigerator. Projected rent as per owner $1,100. Recently remodeled unit. New flooring, new electric stove, new drywall ceiling, freshly painted ceilings, trim, walls & flooring. This unit has hot water radiator gas fueled heat, a brand new electric smooth top stove for cooking and a gas fueled water heater.
347 S. George St 1st Floor Rear: Unit includes stove & refrigerator, washer, dryer. Projected rent $750. This unit has access to the unfinished basement. This unit has 2 full baths - one of them is off the fully functioning sound proof recording studio! 347 S George St 2nd Flr Front: Unit includes stove, refrigerator & microwave.
347 S George St 2nd Flr Rear: Unit includes stove & refrigerator.
347 S George St 3rd Flr: Unit includes stove & refrigerator.
347 S. George St 1st Floor Garage: Projected rent $800. This large tanden garage has off street secure parking, auto garage door opener, alarm system, separate electric & could be modified to have a full bath, 1 bedroom & a kitchen making this a 6 unit apartment building!
- Listed by Rick D Smith • Berkshire Hathaway HomeServices Homesale RealtyP: 7177188470 rick@ricksmithteam.com
- Listed by Andrew T Smith • Berkshire Hathaway HomeServices Homesale RealtyP: 7175421207 drew@calldrew.com
Property Details for 347 South George Street
Tax ID Number
01-004-02-0010-00-00000
OwnershipFee Simple
Structure TypeInterior Row/Townhouse
StyleUnit/Flat
WaterfrontNo
ViewsStreet
GarageYes
Cross StreetE. South Street
Location
Listing Courtesy of Berkshire Hathaway HomeServices Homesale Realty
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LISTING UPDATED: 04/22/2024 02:57 PM
Property Details for 347 South George Street
| Status | Active |
|---|---|
| MLS # | PAYK2059440 |
| Days on Market | 17 |
| Taxes | $3,983 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 1900 |
| Lot Size | 0.12 AC / 5,040 SF |
| County | York County |
Location
Listing Courtesy of Berkshire Hathaway HomeServices Homesale Realty
Add your commute
Building Information for 347 South George Street
Stories-Residences4Year Built1900Building Size-Lot Size0.12 AC / 5,040 SF
Payment Calculator
$2,296 per month
30 year fixed, 7.25% Interest
Principal and Interest
$1,964
Property Taxes
$332
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 347 South George Street
Location
Location
- School District Name: YORK CITY
- School District County ID: 300200397213
- SchoolDistrictSource: Listing Agent
- County: YORK
- MLS Area: York City (15201)
Waterfront / Water Access
Waterfront / Water Access
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
- Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
- Tax Year: 2023
- Tax Assessed Value: $63,600
- Year Assessed: 2023
- County Tax: $438
- Improvement Assessed Value: $0
- City Town Tax: $1,206
- Land Assessed Value: $0
- Clean Green Assessed: No
- Land Use Code: 201
- Refuse Fee: $250
- Agricultural Tax Due: No
- Historic: No
- Zoning: RESIDENTIAL
- Tax Lot: 0010
- School Tax: $2,337
- Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
- Owner Pays: Common Area Maintenance, Insurance, Management, Pest Control, Repairs, Sewer, Sewer Maintenance, Taxes - Real Estate, Trash Collection, Water
Unit Information
Unit Information
- Single Room Units Count: 0
- One Bedroom Units Count: 4
- Two Bedroom Units Count: 1
- Three Bedroom Units Count: 0
- Units Furnished: None
- Units Leased Count: 6
- Number Of Units Vacant: 3
- Vacancy Allowance Rate: 5.00%
- Rent Control: No
Financial Information
Expenses
- Operating Expense: $15,046
- Operating Expense Includes: Insurance, Trash
- Insurance Expense: $750
- Trash Expense: $3,000
- Water Avg Month: $180
- Water Prev 12 Months: $2,160
- Electric Avg Month: $80
- Electric Prev 12 Months: $960
Financial Information
- Net Operating Income: $46,094
- Annual Rental Income: $61,140
- Income Includes: Apartment Rentals, Parking
- Cap Rate: 12.46
- Existing Lease Type: Long Term, Month to Month
Building Info
Building Info
- Year Major Reno Remodel: 2024
- Building Level Count: 3
- Building Units Total: 4
- Total Finished SQFT: 6,277.00
- Total Finished SQFT Source: Estimated
- Tax Total Finished SQFT: .00
- Total SQFT: 9,877.00
- Total SQFT Source: Estimated
- Construction Materials: Brick
- Roof: Rubber
- Wall and Ceiling Types: 9'+ Ceilings, Dry Wall, High, Paneled Walls, Plaster Walls
- Flooring Type: Hardwood, Laminate Plank, Laminated, Vinyl, Tile/Brick
- Basement Type: Drain, Full, Interior Access, Poured Concrete, Shelving, Sump Pump, Unfinished
- Foundation Details: Stone
Lot / Land Information
Lot / Land Information
- Lot Size Source: Assessor
- Lot Features: Interior, Level, Road Frontage
- Road Responsibility: Boro/Township
- Location Type: Middle Of Block
- Parcel ID: 10779909
- Ground Rent Exists: No
Parking
Parking
- Type Of Parking: Alley, Attached Garage, Driveway, Off Street, On Street, Parking Lot
- Num of Attached Garage Spaces: 2
- Driveway - # of Spaces: 4
- Total Garage Spaces: 2
- Parking Lot - # of Spaces: 6
- Off Street - # of Spaces: 10
- Parking Features: Paved Parking, Secure Parking
- Garage Features: Garage - Rear Entry, Garage Door Opener, Inside Access, Oversized
Interior Features
Interior Features
- Interior Features: Floor Plan - Traditional
- Fireplace: No
- Appliances: Built-In Microwave, Dryer, Refrigerator, Stove, Washer
- Accessibility Features: None
- Security Features: Smoke Detector, Security Gate, Window Grills
- Window Features: Double Hung
Exterior Features
Exterior Features
- Exterior Features: Exterior Lighting, Fire Escape, Secure Storage, Sidewalks, Street Lights
- Pool: No Pool
- Other Structures: Above Grade, Below Grade
Utilities
Utilities
- Utilities: Cable TV, Cable TV Available, Electric Available, Natural Gas Available, Phone, Phone Available, Sewer Available, Water Available
- Heating: Yes
- Cooling Type: None
- Cooling Fuel: None
- Heating Type: Baseboard - Electric, Hot Water, Radiant
- Heating Fuel: None
- Hot Water: Electric, Natural Gas
- Water Source: Public
- Sewer Septic: Public Sewer
- Electric Service: 100 Amp Service, 200+ Amp Service
Confidential Data
Listing Office
- List Agent AOR: REALTORS Association of York & Adams Counties (PA)
Property History for 347 South George Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 347 South George Street
Taxable ValueLand$39,160Additions$24,440Total$63,600
Tax Record2023$3,949 ($329 / month)
Home Facts
Total Finished SqFt6,277 SqFtAbove Grade Finished SqFt6,277 SqFtStories3Lot Size5,053 SqFtStyleMulti-Family Res (5+ Units)Year Built1900ZoningCMCountyYORKAPN01-004-02-0010.00-00000
Schools near 347 South George 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 |
|---|---|---|
Hannah Penn Middle School PublicPK to 8 | ||
Jackson 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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Listing Courtesy of Berkshire Hathaway HomeServices Homesale Realty
Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.