640 W Market St - Multi-Family FOR SALE


York, PA 17401- Doctors Row
$900,000 USD
717-640-0060
640 W Market St, York, PA for Sale
$900,000 USD
Multi-Family - FOR SALE
1/6
null | 8.11% Cap Rate

640 W Market St
York, PA 17401
Doctors Row


OVERVIEW

Investment opportunity located at 640, 642, 644, 646 West Market and 652-654 West Mason Avenue. Offered at $900,000, this cash-flowing asset delivers an immediate 8.11% Cap Rate and an 8.24% Cash-on-Cash return from day one. Currently generating a gross monthly income of $10,873.00, the property produces a reliable monthly before-tax cash flow of $1,730.92. With a clear, highly lucrative path to stabilization via local Section 8 conversion and commercial unit optimization, investors can capitalize on a massive value-add NOI uplift of $37,551.12. This optimization pushes the gross monthly income to $14,202.00, driving the Pro Forma Cap Rate to an incredible 12.28% and elevating the Cash-on-Cash return to a staggering 23.14%. Requiring $252,000.00 in total cash needed to close, this portfolio boasts a highly secure 2.12x Pro Forma DSCR, providing excellent current yield with verifiable, explosive upside. "Stabilized 8% cap asset with a clear, conservative path to 10–11% returns through voucher-based rent optimization."

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$90 USD /SF

# OF UNITS

13

PRICE/UNIT

$69,231

CAP RATE

8.11%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

09-194-02-0017.00-00000

ASK ABOUT THIS PROPERTY

Kyle PriceYohn Property ManagementMore Info
717-640-0060

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Kyle PriceYohn Property ManagementMore Info
717-640-0060

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.