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… Read More 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." Read Less
Courtesy of Kyle Andrew Price, Yohn Property Management, LLC 717-577-1350
Listing Snapshot
Days Online
17
Last Updated
Property Type
Other
Square Ft.
3,652
Lot Size
0.11 Acres
Year Built
1915
MLS Number
PAYK2100220
Additional Details
Building
Built in 1915, Living area: 3652, Construction Materials: Brick
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