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347 S George Street

York, PA 17401

– beds
– baths
6,277 sqft
5,040 sqft lot
$57 per sqft
1900 build

Investors! Don’t miss this “as is” 6 unit property - a rare find in today’s world yearning for stability and positive cash flow! This property has had some recent updates, 5 completed units - 3 of which are rented, and a secure multi-car garage unit with an automatic garage door opener, a security system, additional off street secure parking for multiple cars outside and even more off street parking beyond that! The garage unit has plenty of space to be a 6th 2 bedroom apartment - just hire your contractor to work within the shell of this space! The rear 1st floor unit even includes a fully functioning recording sound studio and 2 full baths! Every unit except the garage includes a refrigerator and a stove. This 6,277 Sq Ft 6 unit building is a cash cow - tenants pay all utilities. This building has 4 separate gas meters and 5 separate electric meters. Attention: this building is being sold “as is”. This is an estate sale. The MLS system is lacking in it’s functionality in relation to multi-unit properties. This 6 unit, ‘as is’ estate sale has 4 code approved units. Please ask your Realtor® to provide you all docs uploaded to the MLS “associated docs folder” including a very helpful dossier and an Income and Expense Statement showing a cap rate of 12.25% for this cash generating property. MASSIVE CASH FLOW! This property has a total of $61,140 of rents per year which equals $5,095 per month in rent. The Total annual expenses are $15,046. There is a net operating income of $46,094. All together this gives the new owner of this property at a $359,900 sales price a cap rate of 12.25%! This is fantastic cash flow and gives you plenty of funds to make updates every year to increase the rents even more over time! This property presently has 3 units occupied - all tenants would like to stay. 3 units are vacant but owner reserves the right to rent units prior to settlement. 347 S George St 1st Floor Front: Unit includes stove & refrigerator. Projected rent as per owner $1,100. Recently remodeled unit. New flooring, new electric stove, new drywall ceiling, freshly painted ceilings, trim, walls & flooring. This unit has hot water radiator gas fueled heat, a brand new electric smooth top stove for cooking and a gas fueled water heater. 347 S. George St 1st Floor Rear: Unit includes stove & refrigerator, washer, dryer. Projected rent $750. This unit has access to the unfinished basement. This unit has 2 full baths - one of them is off the fully functioning sound proof recording studio! 347 S George St 2nd Flr Front: Unit includes stove, refrigerator & microwave. 347 S George St 2nd Flr Rear: Unit includes stove & refrigerator. 347 S George St 3rd Flr: Unit includes stove & refrigerator. 347 S. George St 1st Floor Garage: Projected rent $800. This large tanden garage has off street secure parking, auto garage door opener, alarm system, separate electric & could be modified to have a full bath, 1 bedroom & a kitchen making this a 6 unit apartment building!

Listing courtesy of BRIGHT / Berkshire Hathaway HomeServices Homesale Realty

Last checked: Checking… • Last updated Apr 22, 2024 •

MLS# PAYK2059440 —

The Building

Year Built:

1900
Year Built Source:

Assessor
Year Major Reno/Remodel:

2024
New Construction:

No
Construction Materials:

Brick
Structure Type:

Interior Row/Townhouse
Architectural Style:

Unit/Flat
Historic:

No
Building Levels:

3
Building Units Total:

4
Roof:

Rubber
Security Features:

Smoke Detector, Security Gate, Window Grills
Window Features:

Double Hung
Accessibility Features:

None
Foundation Details:

Stone
Basement:

Yes
Basement Type:

Drain, Full, Interior Access, Poured Concrete, Shelving, Sump Pump, Unfinished
Building Winterized:

No
Total SqFt Source:

Estimated
Total Below Grade SqFt:

1800
Total Below Grade SqFt Source:

Estimated

Interior

Interior Features:

Floor Plan - Traditional
Flooring Type:

Hardwood, Laminate Plank, Laminated, Vinyl, Tile/Brick
Fireplace:

No
Wall & Ceilings:

9'+ Ceilings, Dry Wall, High, Paneled Walls, Plaster Walls
Living Area SqFt Source:

Estimated

Room Dimensions

Total SqFt:

9877
Living Area SqFt:

6,277 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

Cash, Conventional
Possession:

Negotiable, Settlement

Location

Directions:

Take North George Street heading north towards york City to property on your R.
Cross Street:

E. South Street
Latitude:

39.95728000
Longitude:

-76.72473000
Location Type:

Middle Of Block

The Property

Property Type:

Multi-Family
Property Sub Type:

Other
Property Condition:

Average, Below Average
Lot Size Units:

Square Feet
Lot Size Acres:

0.12
Lot Size Source:

Assessor
Lot Features:

Interior, Level, Road Frontage
Lot SqFt:

5,040 Sqft
Inclusions:

5 Stoves, 5 Refrigerators, 2 microwaves, 1 washer, 1 dryer
Exclusions:

Tenant's personal property
Zoning:

RESIDENTIAL
Road Responsibility:

Boro/Township
View:

Street
Other Structures:

Above Grade, Below Grade
Water View:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

201
Ground Rent Exists:

No
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

01-004-02-0010-00-00000
Tax Year:

2023
Tax Lot:

0010
Tax Annual Amount:

$3,983
Tax Assessed Value:

$63,600
Year Assessed:

2023
School Tax:

2337.0
County Tax:

438.00
City/Town Tax:

1206.00
Total Taxes Pymnt Freq:

Annually

The Listing

Buyer's Brokerage Compensation:

3%
Buyer Agency Comp Type:

% Of Gross
Buyer Agency Comp Selection:

Percent

Heating & Cooling

Cooling Type:

None
Central Air:

No
Cooling Fuel:

None
Heating:

Yes
Heating Type:

Baseboard - Electric, Hot Water, Radiant
Heating Fuel:

None

Utilities

Utilities:

Cable TV, Cable TV Available, Electric Available, Natural Gas Available, Phone, Phone Available, Sewer Available, Water Available
Sewer Septic:

Public Sewer
Electric Service:

100 Amp Service, 200+ Amp Service
Hot Water:

Electric, Natural Gas
Water Source:

Public

Appliances

Appliances:

Built-In Microwave, Dryer, Refrigerator, Stove, Washer

Schools

School District Name:

York City
School District Source:

Listing Agent

The Community

Exterior Features:

Exterior Lighting, Fire Escape, Secure Storage, Sidewalks, Street Lights
Pool:

No Pool
Association Recreation Fee:

No
Cap Rate:

12.46

Parking

Total Garage and Parking Spaces:

22
Garage:

Yes
Garage Features:

Garage - Rear Entry, Garage Door Opener, Inside Access, Oversized
Garage Spaces:

2.00
Type of Parking:

Alley, Attached Garage, Driveway, Off Street, On Street, Parking Lot
Parking Features:

Paved Parking, Secure Parking
# of Attached Garage Spaces:

2
Driveway - # of Spaces:

4
Off Street - # of Spaces:

10
Parking Lot - # of Spaces:

6

Extra Units

Vacation Rental:

No
Units Furnished:

None
One Bedroom Units:

4
Two Bedroom Units:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/22/24 Apr 22, 2024	Price Changed	BRIGHT	$359,900	-2.7%
4/13/24 Apr 13, 2024	Listed / Active	BRIGHT	$369,900

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This multifamily located in Southwest York, York, PA 17401 is currently for sale for $359,900. 347 S George Street is a 6,277 square foot multifamily with – beds and – baths. 347 S George Street is in the Southwest York neighborhood of York and has a WalkScore® of 88, making it very walkable. This multifamily is in the attendance area of William Penn Senior High School, Jackson School, and Hannah Penn K 8 School.

Listing Courtesy of: BRIGHT and Berkshire Hathaway HomeServices Homesale Realty.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.