$450,000
$450,000
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4,792 Sqft Lot
SOLD DATE : 01/15/2024
Key Details
Sold Price $450,000
Property Type Multi-Family
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PADA2028958
Sold Date 01/15/24
Style Traditional
Originating Board BRIGHT
Year Built 1925
Annual Tax Amount $11,831
Tax Year 2022
Lot Size 4,792 Sqft
Acres 0.11
Property Description
Welcome to 1116 N 3rd St, Harrisburg, PA 17102: A Prime Investment Opportunity
This distinguished six-unit mixed-use property, nestled in the heart of Harrisburg, PA, represents a remarkable investment opportunity. The building boasts a harmonious blend of residential and commercial spaces, catering to a diverse set of needs.
Residential Units: Comfort and Convenience
- Four residential apartments, each featuring a spacious two-bedroom, one-bath layout.
- Recently turned over units, ensuring modern amenities and finishes.
- Long-term leases in place, providing stability and consistent rental income.
Commercial Spaces: Business and Growth
- Two versatile commercial units, ideal for a variety of business ventures.
- One unit currently occupied, with the other ready for immediate lease, offering potential for additional income.
Financial Highlights
- Net Operating Income (NOI): $29,727, a testament to the property's profitability and efficient management.
- Full occupancy in residential units, ensuring a steady revenue stream.
Location and Accessibility
- Situated in a bustling area of Harrisburg, this property benefits from high visibility and foot traffic.
- Proximity to local amenities, public transportation, and main thoroughfares, making it an attractive location for both residents and businesses.
Investment Potential
- A blend of residential and commercial tenants diversifies income sources and mitigates risk.
- Potential for rent increases and value appreciation in a growing market.
This property is not just a building; it's a thriving community hub and a smart investment. Whether you're looking to expand your portfolio or seeking a stable income-producing asset, 1116 N 3rd St offers an exceptional opportunity to invest in the vibrant heart of Harrisburg.
Location
State PA
County Dauphin
Area City Of Harrisburg (14001)
Zoning C4
Interior
Hot Water Electric
Heating Hot Water
Cooling Central A/C
Fireplace N
Heat Source Electric, Natural Gas
Exterior
Garage Spaces 4.0
Waterfront N
Water Access N
Accessibility 2+ Access Exits
Parking Type Off Street
Total Parking Spaces 4
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
High Schools Harrisburg High School
School District Harrisburg City
Others
Tax ID 05-014-004-000-0000
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with JUSTIN HEINLY • Midtown Property Management
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "