9 Beds
6 Baths
0.65 Acres Lot
9 Beds
6 Baths
0.65 Acres Lot
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Subdivision Colonial Park Farms
MLS Listing ID PADA2042998
Style Bi-level
Bedrooms 9
Full Baths 6
HOA Y/N N
Originating Board BRIGHT
Year Built 1947
Annual Tax Amount $5,018
Tax Year 2024
Lot Size 0.650 Acres
Acres 0.65
Property Sub-Type Detached
Property Description
This multi-unit property is a rare find in a high-visibility, main location in Harrisburg, PA. With strong rental income, a large lot with commercial potential, and an attractive owner-financing option, this investment offers multiple opportunities for cash flow and future development.
The property consists of seven residential units and three garages, generating a total monthly rental income of $12,225 and an annual income of $146,700. With annual expenses of $13,518, the property delivers a net operating income (NOI) of $133,182, resulting in a cap rate of 10.65% at the $1,250,000 asking price.
Unit Breakdown:
Seven residential units ranging from studios to 3-bedroom apartments, all fully leased.
Three garage units, providing additional income streams.
Additional Features:
Large commercial lot with potential for business use or future development.
High-traffic location, ideal for mixed-use opportunities.
Owner-financing available, offering flexible purchasing options.
This property is perfect for investors looking for strong cash flow with growth potential. Don't miss out on this versatile investment opportunity in a prime location. Contact us today for more details!
Location
State PA
County Dauphin
Area Lower Paxton Twp (14035)
Zoning RESIDENTIAL
Rooms
Main Level Bedrooms 9
Interior
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling Window Unit(s)
Fireplace N
Heat Source Electric
Exterior
Parking Features Garage - Front Entry, Additional Storage Area
Garage Spaces 4.0
Water Access N
Accessibility None
Attached Garage 4
Total Parking Spaces 4
Garage Y
Building
Story 2
Foundation Block
Sewer Other
Water Public
Architectural Style Bi-level
Level or Stories 2
Additional Building Above Grade, Below Grade
New Construction N
Schools
High Schools Central Dauphin East
School District Central Dauphin
Others
Senior Community No
Tax ID 35-059-093-000-0000
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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