Harrisburg, PA 17102,1116 N 3RD ST
Harrisburg, PA 17102,1116 N 3RD ST
Harrisburg, PA 17102,1116 N 3RD ST
Harrisburg, PA 17102,1116 N 3RD ST
Harrisburg, PA 17102,1116 N 3RD ST
Harrisburg, PA 17102,1116 N 3RD ST
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$450,000

$450,000

Est.Price: ?

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Est. payment /mo

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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Bright MLS (BMLS)
Listed by Jordan Ehring • Harrisburg Property Management Group
Bought with JUSTIN HEINLY • Midtown Property Management
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(703) 223-9415

eunice@amaryllishomes.com

95 Dunn Drive Ste 200, Stafford, VA, 22556, USA

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