507 Ross Ave New Cumberland, PA 17070
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 507 Ross Ave
- Year built
- 1900
- Property type
- Commercial real estate
Description
This exceptional value-add investment opportunity presents a fully occupied six-unit apartment building located at 507 Ross Ave, New Cumberland, Pennsylvania, 17070. The property boasts a strong current NOI of $35,965, translating to a 7.6% cap rate. The building comprises four structures: a main house featuring three units (two one-bedroom, one-bathroom units and one two-bedroom, one-bathroom unit), a bungalow with a single one-bedroom, one-bathroom unit, and two two-bedroom, one-bathroom units housed in mobile homes. Currently operating at 100% occupancy, this property offers immediate cash flow. Built in 1900, this property presents a significant opportunity for future value appreciation through potential renovations and property improvements. The asking price is $469,900, representing a compelling entry point into the New Cumberland multifamily market. Detailed financial statements, including income and expense reports, are readily available upon request. This fee-simple ownership provides complete control and potential for long-term growth. The property is situated in York County, offering convenient access to local amenities and transportation networks. Don't miss this chance to acquire a stable, income-generating asset with significant upside potential. Contact us today to schedule a showing and explore this lucrative investment opportunity further.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Cumberland
- County
- York
- State
- Pennsylvania
- Longitude
- -76.8505348
- Latitude
- 40.2223824
