6892-6902 Reynolds Mill Rd - Apartments FOR SALE


Seven Valleys, PA 17360
$725,000 USD
484-557-0907
6892-6902 Reynolds Mill Rd, Seven Valleys, PA for Sale
$725,000 USD
Apartments - FOR SALE
1/3
null | 6.79% Cap Rate

6892-6902 Reynolds Mill Rd
Seven Valleys, PA 17360


OVERVIEW

Well-built and beautifully maintained 6-unit apartment complex in the Seven Valleys PA, which is a 20-minute drive south of downtown York PA. These apartments have identical layouts. Each apartment has 2 bedrooms & 1 full bathroom located on the second floor & 1 half bathroom located on the first floor. Each apartment is approximately 1,024 square feet. There are in unit washers and dryers in all the apartments except 1. Landlord pays one common electric meter for the well system. The well pump, expansion tank and filter system were all replaced in 2024. The property is serviced by a conventional onlot wastewater treatment system that consists of a house sewer, septic tank, liquid distribution box and a sub-surface leaching or absorption system. Tenants pay electric. Quality tenants, many of which are long-term tenants. Below market rents. Rents can be increased $300-$400 / month per apartment. This property has off street parking in the form of a 14-car parking lot. The median income within a 3-mile radius of this property is $65,007, giving the property a quality tenant basis. This property is located within the Dallastown Area School District offering residents quality public education. According to Niche, Dallastown Area School District is the 5th best School District in the York Area and graded out at A-. This property was built in 1980, and the tax parcel is 2.58 acres. The asking price is $725,000 and the in place net operating income is $49,234.42, which equates to a 6.79% capitalization rate. The buyer for this outstanding asset earns the right to cash flow, equity growth and tax benefits.

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$118 USD /SF

# OF UNITS

6

PRICE/UNIT

$120,833

CAP RATE

6.79%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.58 AC

LAND SF

112,385 SF

ZONING

ROS

APN/PARCEL ID

47-000-GH-0136.F0-00000

ASK ABOUT THIS PROPERTY

Nile ThompsonKW CommercialMore Info
484-557-0907

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Nile ThompsonKW CommercialMore Info
484-557-0907

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