1915 2Nd StHarrisburg, PA 17102

Property Details for 1915 2Nd St

Year built

1900

Lot size

0.04 AC

Property size (Sq ft)

2,431 SF

Property type

Apartment buildings

APN

11-007-086

APU

11007086

Description

This exceptional five-unit multifamily property, located at 1915 N 2nd Street in Harrisburg, Pennsylvania's desirable Olde Uptowne neighborhood, presents a compelling investment opportunity. The property encompasses 2,431 square feet and sits on a 0.04-acre lot. Currently, all five units are fully occupied by a non-profit housing provider who has expressed a desire to remain. This provides immediate and consistent cash flow. Each unit features electric baseboard heating and is separately metered for efficient utility management. The existing rental rates offer significant potential for future rent increases, enhancing the property's overall return on investment. This turnkey property requires minimal immediate capital expenditure, allowing for a smooth transition and immediate income generation. The property's location in Olde Uptowne offers tenants convenient access to local amenities, contributing to high occupancy rates and tenant satisfaction. This is an exceptional opportunity to acquire a stable, income-producing asset with significant upside potential. The property's strong tenant base and favorable location make it an ideal addition to any investment portfolio. Don't miss this chance to secure a profitable and low-maintenance investment in a thriving Harrisburg neighborhood. The asking price is $369,500.

• CAP approach

  CAP return

  Valuation

  6%

  $486,782

  6.5%

  $449,337

  7%

  $417,241

• Comparable approach

  Method

  Valuation

  Relative Method

  $344,242

  Geo Method

  $237,048

• Alternative Use

  Use

  Valuation

  Residential

  $449,337

  Hospitality

  $411,590

  Educational

  $342,438

  Medical

  $354,215

  Retail

  $532,682

Location Insight

City

Harrisburg

County

Dauphin

State

Pennsylvania

Latitude

40.2759

Longitude

-76.8965

CBSA code

25420

CBSA name

HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].