28 4Th StSteelton, PA 17113

Property Details for 28 4Th St

Year built

1900

Construction

FRAME

Lot size

0.05 AC

Property size (Sq ft)

2,434 SF

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

59-013-020

APU

59013020

Description

This exceptional investment opportunity presents a five-unit multi-family property located at 28 N 4th Street in Steelton, Pennsylvania. Situated on a conveniently sized 0.05-acre lot, this property offers a compelling blend of immediate income potential and future growth prospects. Three of the five units have undergone recent renovations, ensuring a high-quality living experience for tenants and minimizing immediate maintenance needs. The property includes some off-street parking, a valuable amenity in this location. The asking price is $449,900, representing a strong return on investment for a savvy buyer. The existing tenant base provides a stable income stream, while the potential for further upgrades and rent increases offers significant upside. This property is ideally suited for an investor seeking a hands-on approach to property management or for those looking to add a well-maintained multi-family asset to their portfolio. The location in Steelton provides easy access to local amenities and transportation routes, making it an attractive option for renters. This is a rare opportunity to acquire a well-maintained multi-family property in a desirable location at a competitive price. Serious inquiries are encouraged to explore this promising investment opportunity further. The property's size and condition make it an attractive option for both seasoned investors and those new to the multi-family market. The combination of renovated units and off-street parking provides a significant advantage in attracting and retaining high-quality tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $487,382

  6.5%

  $449,891

  7%

  $417,756

• Comparable approach

  Method

  Valuation

  Relative Method

  $344,667

  Geo Method

  $237,341

• Alternative Use

  Use

  Valuation

  Residential

  $449,891

  Hospitality

  $412,098

  Educational

  $342,861

  Medical

  $354,652

  Retail

  $533,339

Location Insight

City

Steelton

County

Dauphin

State

Pennsylvania

Latitude

40.2365

Longitude

-76.8393

CBSA code

25420

CBSA name

HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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