704 West Princess Street
704 West Princess Street
$154,900
—
2,298
2,298
$67
Description
Attention investors! Here’s a 3 (maybe it could be 4 income generating units in total if you include the 1 car garage to the rear) triplex property. New roof Feb of 2023! This unit has 3 apartments which are as follows: Apt 1: 1 Bedroom, 1 Bath $775 mo. to mo. written lease. Apt 2: 2 Bedrooms, 1 Bath $850 mo. to mo. written lease. Apt 3: 1 Bedroom, 1 Bath $625 mo. to mo. Unit 1 is located on the ground floor and has access to the basement. The exterior has 5 electrical boxes. Tenants pay all electric....Attention investors! Here’s a 3 (maybe it could be 4 income generating units in total if you include the 1 car garage to the rear) triplex property. New roof Feb of 2023! This unit has 3 apartments which are as follows: Apt 1: 1 Bedroom, 1 Bath $775 mo. to mo. written lease. Apt 2: 2 Bedrooms, 1 Bath $850 mo. to mo. written lease. Apt 3: 1 Bedroom, 1 Bath $625 mo. to mo. Unit 1 is located on the ground floor and has access to the basement. The exterior has 5 electrical boxes. Tenants pay all electric. Garage has it’s own electrical box. 1 Common area electrical box for owner. Owner pays all heat, water, sewer and garbage. Tenants pay electric. 1 Furnace in the bsmt is controlled by the tenant on the 1st floor. Owner pays for all hot water and cooking gas as well. This property provides a monthly rental cash flow of $2,250 per month which is $27,000 per year. Yearly Expenses: $12,901
Net Operating Income: $14,099. Cap Rate of 8.65%. Expenses are: Gas $3,302, Water $1,260, Sewer $1,260, Insurance $750, Maintenance $1,000, Vacancy Factor of 5% is $1,350, Code Inspections $450, Taxes $2,545, Garbage $984. All written leases can be downloaded - ask your Realtor® to look in the associated docs for more documentation. All tenants have been informed they will be notified of all showings. Please schedule showings between 9 AM and no later than 8 PM. West King Street is a wide street with updated public lamp lighting and recently paved very smooth streets. 1st floor unit with access to the basement could have a coin operated washer and dryer installed with some work. Some water in basement likely from alley way needing to be caulked. Unit 3 is only accessible via the rear metal fire escape. Unit 1 tenant has furniture in front of the door via the vestibule. Unit 1 and Unit 2 have front and rear accesses. Unit 3 is only accessible via the 3 story fire escape. Presently this property is being well managed by Yorktowne Property Shoppe which is located only a few blocks away from this property.
Net Operating Income: $14,099. Cap Rate of 8.65%. Expenses are: Gas $3,302, Water $1,260, Sewer $1,260, Insurance $750, Maintenance $1,000, Vacancy Factor of 5% is $1,350, Code Inspections $450, Taxes $2,545, Garbage $984. All written leases can be downloaded - ask your Realtor® to look in the associated docs for more documentation. All tenants have been informed they will be notified of all showings. Please schedule showings between 9 AM and no later than 8 PM. West King Street is a wide street with updated public lamp lighting and recently paved very smooth streets. 1st floor unit with access to the basement could have a coin operated washer and dryer installed with some work. Some water in basement likely from alley way needing to be caulked. Unit 3 is only accessible via the rear metal fire escape. Unit 1 tenant has furniture in front of the door via the vestibule. Unit 1 and Unit 2 have front and rear accesses. Unit 3 is only accessible via the 3 story fire escape. Presently this property is being well managed by Yorktowne Property Shoppe which is located only a few blocks away from this property.
- Listed by Andrew T Smith • Berkshire Hathaway HomeServices Homesale RealtyP: 7175421207 drew@calldrew.com
- Listed by Rick D Smith • Berkshire Hathaway HomeServices Homesale RealtyP: 7177188470 rick@ricksmithteam.com
Property Details for 704 West Princess Street
Tax ID Number
09-216-07-0003-00-00000
OwnershipFee Simple
Structure TypeInterior Row/Townhouse
StyleUnit/Flat
WaterfrontNo
ViewsStreet
GarageYes
Cross StreetSouth Belvidere Street
Location
LISTING UPDATED: 04/19/2024 08:45 PM
Property Details for 704 West Princess Street
Status | Active |
---|---|
MLS # | PAYK2054028 |
Days on Market | 117 |
Taxes | $2,689 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 1900 |
Lot Size | 0.04 AC / 1,699 SF |
County | York County |
Location
Building Information for 704 West Princess Street
Stories-Residences3Year Built1900Building Size-Lot Size0.04 AC / 1,699 SF
Payment Calculator
$1,069 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 704 West Princess Street
Property History for 704 West Princess 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 704 West Princess Street
Taxable ValueLand$7,740Additions$35,200Total$42,940
Tax Record2023$2,666 ($222 / month)
Home Facts
Baths2Total Finished SqFt2,298 SqFtAbove Grade Finished SqFt2,298 SqFtStories3Lot Size1,699 SqFtStyleDuplexYear Built1900ZoningRSCountyYORKAPN09-216-07-0003.00-00000
Schools near 704 West Princess Street
This home is within York City School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | 3 to 8 | |||
Private - | K to 9 |
Rating | School | Distance |
---|---|---|
Ferguson School PublicPK to 8 | ||
William Penn Senior High School Public9 to 12 | ||
Edgar Fahs Smith STEAM Academy Public3 to 8 | ||
Grace Words Christian Academy PrivateK to 9 |
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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