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.
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
Owner options
What's special
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#: PADA2028958
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