640-646 W Market Street, York, PA 17401 Photo
640-646 W Market Street, York, PA 17401 Photo
640-646 W Market Street, York, PA 17401 Photo
640-646 W Market Street, York, PA 17401 Photo

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640-646 W Market Street York, PA 17401
$900,000
PENDING / MLS# PAYK2100220 / Multi Unit - Multiple / York
3652 SqFt

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."

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Mortgage Calculator

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years/fixed
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yearly (est.)
(Payments are an estimate and may vary by lender)

Estimated Payment

$ 5,717.08 per month $5,125.08 Principal & Interest $329.50 Property Tax $262.50 Homeowner's Insurance

Property Details

Property Type: Multi Unit - Multiple
Cooling: Window Unit(s)
Fuel Type: Natural Gas
Heating: Hot Water, Central
Lot Size: 0.11 Acres
Taxes: $3,954
Year Built: 1915

Feature Descriptions

Accessibility: 2+ Access Exits
Additional Structures: Above Grade, Below Grade
Days on Site: 74
Exterior: Brick
Lot Dimensions: 0.11 Acre(S)
Municipality: YORK CITY
One Bedroom Units: 4
Sewer: Public Sewer
Structure Type: Interior Row/Townhouse
Three Bedroom Units: 2
Total Garage/Parking Spaces: 16
Two Bedroom Units: 4
Units: 4
Water: Public

Schools

School District: YORK CITY

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Listed By / Shown By

Listed By

Agency Name: Yohn Property Management, LLC
Agency Phone: 7175771350

Shown By

Agency Title: Lewith & Freeman
Agency Phone: (570) 288-9371

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