125 Sylvan TerHarrisburg, PA 17104

Property Details for 125 Sylvan Ter

Year built

1900

Lot size

0.03 AC

Property size (Sq ft)

4,515 SF

Property type

Apartment buildings

APN

09-043-041

APU

9043041

Description

This exceptional value-add opportunity presents a six-unit apartment building located at 125 Sylvan Terrace (also known as 1133 Derry St.), Harrisburg, PA 17104. The property, built in 1900 and spanning three stories, is zoned residential and offers significant potential for increased revenue. Currently, three units are occupied, but below market rent, presenting immediate upside. Two additional units require only minor cosmetic repairs before they can be leased, while one unit has been completely gutted and awaits renovation. This combination of under-rented units and readily rentable units provides a strong foundation for a savvy investor. Existing professional property management is in place, ensuring a smooth transition for the new owner. The asking price is $364,900, representing a pro-forma cap rate of 15.62% and a pro-forma NOI of $57,000. The price per unit is $60,816.67. The owner currently pays water, sewer, trash, and common area electricity. This is a Class D multifamily investment, offering a compelling return on investment for the right buyer. The property's financial details are available upon request. This is a rare chance to acquire a multifamily property with immediate income and significant upside potential in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $904,080

  6.5%

  $834,536

  7%

  $774,926

• Comparable approach

  Method

  Valuation

  Relative Method

  $639,347

  Geo Method

  $440,260

• Alternative Use

  Use

  Valuation

  Residential

  $834,536

  Hospitality

  $764,430

  Educational

  $635,997

  Medical

  $657,870

  Retail

  $989,328

Location Insight

City

Harrisburg

County

Dauphin

State

Pennsylvania

Latitude

40.2634

Longitude

-76.8724

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].