$1,860,000
$2,000,000
7.0%For more information regarding the value of a property, please contact us for a free consultation.
36,076 SqFt
SOLD DATE : 09/22/2022
Key Details
Sold Price $1,860,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 36,076 sqft
Price per Sqft $51
MLS Listing ID PAYK2014740
Sold Date 09/22/22
Originating Board BRIGHT
Year Built 1980
Annual Tax Amount $2,545
Tax Year 2022
Property Description
This is your rare opportunity to own 16 units all under one roof! Unique Glen Rock property previously used as a sewing factory which has been turned into residential units over the years. Great location to obtain possible tenants from local metropolitan areas. Each unit with 2 Bedrooms - 2.5 Baths (one unit, unit 7, has 1.5 Baths), 2256 SQFT and are deeded separately with individual gas and electric meters, central air and laundry hookups in each unit. Parking lot also deeded separately with 32+ spaces included in the sale. 100% occupancy with many long-term tenants. Cap rate currently sits at 4.3% but with a few tweaks to the management and rental numbers (which are long overdue for an increase), the net operating income could improve drastically to create a more lucrative return. Don't forget to check out the associated docs detailing many of the features and financials.
Location
State PA
County York
Area Glen Rock Boro (15264)
Zoning RESIDENTIAL
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 32.0
Waterfront N
Water Access N
View Creek/Stream
Roof Type Shingle
Street Surface Paved
Accessibility None
Road Frontage Boro/Township
Parking Type Parking Lot
Total Parking Spaces 32
Garage N
Building
Foundation Slab
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Southern York County
Others
Tax ID 64-000-02-0093-00-C0001
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Benuel Esh • Keller Williams Elite
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "