For Sale
$599,000

1854 Walnut St Harrisburg, PA 17103

Five-unit turnkey rental portfolio

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a four-parcel, five-unit single-family rental portfolio located in Harrisburg, Pennsylvania, at 1854 Walnut St, zip code 17103. The portfolio boasts a current NOI of $60,000, with a projected increase to $68,000 through market rate adjustments to two units. The property includes four three-bedroom units and one two-bedroom unit, all currently occupied. Four of the five units have undergone recent renovations within the last two years, ensuring a turnkey operation. The property also features a large rear parking lot, offering potential for additional income generation through rental. Tax IDs 15-017-026, 15-017-027, 15-017-028, and 15-017-029 are included in the sale. Tenant responsibility for utilities is comprehensive, except for sewer and water at 1860, which is covered by the owner. Seller financing is a possibility. This portfolio offers a compelling 10% cap rate, with a pro-forma cap rate of 11.35%, making it an attractive addition to any investor's portfolio. The asking price is $599,000.

Highlights

  • $599,000 asking price for a five-unit multifamily portfolio in Harrisburg, PA.
  • 10% current cap rate, with a pro-forma cap rate of 11.35%.
  • $60,000 current NOI, projected to increase to $68,000.
  • Four-parcel portfolio includes four three-bedroom units and one two-bedroom unit; all currently occupied.
  • Seller financing is available.

Property Details for 1854 Walnut St

Property type
Residential income homes

Location Insight

City
Harrisburg
County
Dauphin
State
Pennsylvania
Latitude
40.2719048
Longitude
-76.8633972

FAQs

What type of property is this?
Residential income home - Five-unit turnkey rental portfolio
Where is the residential income home located?
The property is located at 1854 Walnut St Harrisburg, PA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: $599,000 asking price for a five-unit multifamily portfolio in Harrisburg, PA.; 10% current cap rate, with a pro-forma cap rate of 11.35%.; $60,000 current NOI, projected to increase to $68,000.
How can I contact the broker?
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1854 Walnut St
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