UPDATED:
11/07/2024 06:49 PM
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 9,589 sqft
Price per Sqft $78
MLS Listing ID PAYK2058066
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $5,945
Tax Year 2024
Lot Size 0.560 Acres
Acres 0.56
Property Description
Situated on the Heritage Rail Trail, this property really shines inside and out. The property consists of 6
residential units and one 4,000 sq ft commercial storage space with huge exposure display windows. All of the
units are rented except the commercial space which the owner uses currently. The commercial space can
currently be used only for storage but can be converted to suit your needs. Please contact Glen Rock Borough for
more information. There is no basement and the property is built slab on grade. Lots of parking available for
tenants across from the building in the public parking lot. No washer/dryer hookups in the units, so owner could
generate more revenue by adding laundry and tenant storage in the first-floor commercial space. This
exceptionally well-kept and Glenrock Borough inspected and approved (most recent one done in April 2024)
turnkey property is 100% professionally managed from day 1 and runs a cap rate of 6.5% with annual rental
income of $77,460 which includes utilities reimbursements and pet fees. A great portfolio add for investors of all
levels. If you are looking for a 1031 exchange, you can end your search with this property. PLEASE DO NOT MISS
reviewing the additional documents regarding income/expenses/rents/unit
details/Improvements/utilities/meters etc. All photos are from before the tenants moved in. There is no sign at
the property. Please do not disturb tenants or make unsolicited inquires with them. Seller is consolidating
businesses and hence selling.
Location
State PA
County York
Area Glen Rock Boro (15264)
Zoning VILLAGE CENTER
Interior
Hot Water Multi-tank, Natural Gas
Heating Heat Pump - Electric BackUp, Hot Water
Cooling Heat Pump(s)
Heat Source Electric, Natural Gas
Exterior
Garage Spaces 20.0
Water Access N
Roof Type Rubber,Metal,Shingle
Accessibility None
Total Parking Spaces 20
Garage N
Building
Lot Description Backs to Trees, Sloping
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Southern York County
Others
Tax ID 64-000-03-0036-00-00000
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
