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Sold for $450,000 on 01/15/24
  • $450,000

    1116 N 3rd St, Harrisburg, PA 17102

    8beds
    --baths
    --sqft
    Townhouse
    Built in 1925
    -- sqft lot
    $487,000 Zestimate®
    $--/sqft
    $1,269 Estimated rent

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    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: January 15, 2024 at 04:01pm

    Listed by:

    Jordan Ehring 717-839-3745,

    Harrisburg Property Management Group

    Bought with:

    Justin Heinly, RS340869

    Midtown Property Management

    Source: Bright MLS,MLS#: PADA2028958MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    Basement
    • Area: 0
    Heating
    • Hot Water, Electric, Natural Gas
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Electric Water Heater
    Features
    • Has fireplace: No
    Interior area
    • Total structure area: 0

    Property

    Parking
    • Total spaces: 4
    • Parking features: Off Street
    Accessibility
    • Accessibility features: 2+ Access Exits
    Features
    • Pool features: None
    Lot
    • Size: 4,792 sqft
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 050140040000000
    • Zoning: C4
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    • Property subtype: Townhouse
    Materials
    • Brick
    • Foundation: Stone
    Condition
    • New construction: No
    • Year built: 1925

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Harrisburg
    • Municipality: CITY OF HARRISBURG

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • Ownership: Fee Simple