Bought with Dylan Madsen • Coldwell Banker Realty
$850,000
$858,500
1.0%For more information regarding the value of a property, please contact us for a free consultation.
20 E GAY ST Red Lion, PA 17356
0.3 Acres Lot
Key Details
Sold Price $850,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Subdivision Red Lion Boro
MLS Listing ID PAYK2101174
Sold Date 05/27/26
Year Built 1970
Annual Tax Amount $5,995
Tax Year 2025
Lot Size 0.298 Acres
Acres 0.3
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
This well-maintained 6-unit multifamily property presents a turnkey investment opportunity in Red Lion. The building consists of two 2-bedroom, 1-bath units and four 1-bedroom, 1-bath units, offering a desirable unit mix that appeals to a wide range of tenants.
Designed for ease of ownership and strong cash flow potential, tenants are responsible for nearly all operating expenses, helping to keep owner costs low and maximize net income. The property also features separately metered utilities, including water, providing additional efficiency and expense control.
Numerous capital improvements have already been completed, allowing the next owner to step into a stabilized, low-maintenance asset with confidence. Additional features include a paved parking lot for tenant convenience and ample off-street parking.
Whether you are expanding an existing portfolio or seeking a strong income-producing property, this Red Lion multifamily building offers an exceptional combination of stability, efficiency, and long-term upside.
Location
State PA
County York
Area Red Lion Boro (15282)
Zoning RESIDENTIAL TOWN
Interior
Hot Water Electric
Heating Radiant
Cooling None
Heat Source Electric
Exterior
Garage Spaces 8.0
Water Access N
Roof Type Shingle
Accessibility None
Total Parking Spaces 8
Garage N
Building
Foundation Block
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Red Lion Area
Others
Tax ID 82-000-03-0073-00-00000
Ownership Fee Simple
Acceptable Financing Cash, Bank Portfolio, Conventional
Listing Terms Cash, Bank Portfolio, Conventional
Financing Cash,Bank Portfolio,Conventional
Special Listing Condition Standard
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