Multifamily Income
640-646 W Market Street York, PA 17401
For Sale
$900,000
Apartment portfolio offered for sale, currently producing stated gross monthly income and before-tax monthly cash flow.
Property Size1,707 SF
Price / SF$527.24
Days on Market138
Property Features for 640-646 W Market Street
General Information
- Standard status
- Active
- Size
- 1,707 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1915
Listing Agency:
Yohn Property Management, LLC
(717) 640-0060
Listed By:
Kyle Price
(717) 640-0060
Source:
Xome
Added: Mar 9
Changed: Jul 23
Last Checked: Jul 24 at 5:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Yohn Property Management, LLC
Investment Insights
Based on property information with market context.
Offered for sale as a multifamily income portfolio, this asset includes properties located at 640, 642, 644, and 646 West Market Street, along with 652–654 West Mason Avenue. The remarks state the portfolio is currently generating $10,873.00 in gross monthly income and $1,730.92 in reliable monthly before-tax cash flow.
According to the provided information, the investment thesis includes a “path to stabilization” through local Section 8 conversion and commercial unit optimization. With optimization, the stated gross monthly income increases to $14,202.00, and the pro forma metrics shift to a 12.28% cap rate and a 23.14% cash-on-cash return.
The offering materials provided note total cash needed to close of $252,000.00 and a stated 2.12x pro forma DSCR.
According to the provided information, the investment thesis includes a “path to stabilization” through local Section 8 conversion and commercial unit optimization. With optimization, the stated gross monthly income increases to $14,202.00, and the pro forma metrics shift to a 12.28% cap rate and a 23.14% cash-on-cash return.
The offering materials provided note total cash needed to close of $252,000.00 and a stated 2.12x pro forma DSCR.
Key Highlights
- Apartment portfolio at 640, 642, 644, 646 W Market and 652‑654 W Mason Ave
- Stated gross monthly income of $10,873 and before‑tax monthly cash flow of $1,730.92
- Cash‑flowing asset with an 8.11% cap rate and 8.24% cash‑on‑cash return (as stated)
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Apartment portfolio offered for sale, currently producing stated gross monthly income and before-tax monthly cash flow.
Where is this apartment building located?
The property is located at 640-646 W Market Street York, PA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Apartment portfolio at 640, 642, 644, 646 W Market and 652‑654 W Mason Ave; Stated gross monthly income of $10,873 and before‑tax monthly cash flow of $1,730.92; Cash‑flowing asset with an 8.11% cap rate and 8.24% cash‑on‑cash return (as stated)
