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Key Details
Sold Price $500,950
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 7,594 sqft
Price per Sqft $65
MLS Listing ID PADA2030422
Sold Date 03/15/24
Style Traditional
Abv Grd Liv Area 7,594
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $9,108
Tax Year 2023
Lot Size 3,920 Sqft
Acres 0.09
Property Description
Welcome to an exceptional investment opportunity in the heart of Harrisburg! Presenting a six-unit apartment building strategically located in a convenient area undergoing a remarkable revitalization. This property is poised to increase in value, making it an astute addition to your portfolio.
Property Highlights:
Prime Location: Situated in a rapidly evolving area of Harrisburg, this six-unit apartment building benefits from its proximity to key amenities, entertainment, and the city's revitalization efforts. The convenient location enhances the property's appeal and future value.
Spacious Living: Each of the six apartments boasts approximately 1,200 square feet of living space, ensuring a comfortable and inviting atmosphere for tenants. The generous floor plans make these units highly desirable, setting them apart from other offerings in the market.
Income Potential: The current rental rates are positioned below market value, providing an immediate opportunity for increased revenue. With the potential to raise rents to $1,400 per unit, this property promises a lucrative return on investment for the discerning investor.
Modern Comfort: Each unit features its own Gas Forced Air heating system and Central Air units, providing residents with year-round comfort and energy efficiency. These modern amenities contribute to the overall desirability of the property.
Portfolio Enhancement: Whether you're expanding your real estate portfolio or entering the investment market, this six-unit apartment building offers an incredible opportunity to secure a property with substantial growth potential. Take advantage of the current market conditions and position yourself for long-term success.
Don't miss out on this chance to capitalize on the burgeoning revitalization of Harrisburg. Seize the opportunity to enhance your investment portfolio with this strategically located, income-generating property. Schedule a viewing today and unlock the potential of this remarkable real estate gem!
Location
State PA
County Dauphin
Area City Of Harrisburg (14001)
Zoning APARTMENT
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Carpet, Hardwood, Luxury Vinyl Plank, Vinyl
Fireplace N
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Roof Type Rubber
Accessibility None
Parking Type On Street
Garage N
Building
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
High Schools Harrisburg University Of Science And Technology
School District Harrisburg City
Others
Tax ID 10-061-037-000-0000
Ownership Fee Simple
SqFt Source Assessor
Security Features Carbon Monoxide Detector(s),Main Entrance Lock,Smoke Detector
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Wendell Hoover • Iron Valley Real Estate of Central PA
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