667 E Philadelphia St, York, PA 17403

Description

For investors looking to add another income-producing property—or buyers considering an owner-occupied investment strategy—667 E Philadelphia Street offers a straightforward two-unit opportunity at a $165,000 list price.

Both units are currently tenant occupied under leases, providing $1,825 in combined monthly rent and $21,900 in scheduled annual gross rent. Unit 1 is a one-bedroom currently renting for $865 per month, while Unit 2 is a three-bedroom renting for $1,025 per month. Tenants pay for their own gas and electricity, while the owner is responsible for water, trash, and sewer. An established property management company is already in place, giving the next owner the option to continue with professional management rather than starting from scratch.

The current rents also give a buyer something important to evaluate beyond today's income. Recent York rental-market data shows asking rents above the property's current rents for both one- and three-bedroom units, suggesting potential room for future income growth as leases turn over, subject to the condition of each unit and then-current market rents.
For a future owner-occupant, the two-unit configuration also creates the possibility of living in one unit while collecting rent from the other, subject to the existing leases and financing requirements. For an investor, the appeal is simpler: two occupied units, existing rental income, tenant-paid gas and electric, and professional management already established—all at an acquisition price that leaves the next owner with multiple ways to approach the property over time.