324 Wallace St, YORK, PA 17403

This great maintenance free, occupied investment property is tucked away in it’s own pipe steam off of N. Pine Street in York City. This 3 bedroom, 1 bath 2 1/2 story townhouse built in 1900 was remodeled with all new maintenance free windows, laminate floors, an updated kitchen & bath, a full unfinished dirt floor basement (which is typical of this area), a newer 50 gallon electric water heater installed in 2021, an updated 100 AMP electrical system with circuit breakers, a shower/tub combo & a finished bedroom on the 3rd floor. This unit presently rents for $1,255 & is kept neat & clean by the tenant who lived here over 1 year & would love to stay. There is a $1,255 security deposit which shall be transferred to the new investor. This property pumps out an impressive 10.9% cap rate! With numbers like this all you can say is: YES! According to the tenant the end unit with the ‘no entry’ sign immediately adjoining this subject property has been & continues to be slowly renovated … read more …