$527,500
$565,000
6.6%For more information regarding the value of a property, please contact us for a free consultation.
2,944 SqFt
SOLD DATE : 10/15/2024
Key Details
Sold Price $527,500
Property Type Multi-Family
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,944 sqft
Price per Sqft $179
Subdivision Historic Midtown
MLS Listing ID PADA2034298
Sold Date 10/15/24
Style Traditional
Abv Grd Liv Area 2,944
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $2,755
Tax Year 2022
Lot Size 1,742 Sqft
Acres 0.04
Property Description
Welcome to 224 Harris St, a well-maintained 5-unit multi-family property nestled in the heart of Midtown Harrisburg. This charming building offers a fantastic investment opportunity with steady rental income in a desirable neighborhood.
Key Features:
Prime Location: Conveniently situated in the heart of Midtown Harrisburg, not in the flood plain, public transportation, restuarants and entertainment, making it highly attractive to tenants.
Well-Maintained Units: Each unit is thoughtfully designed with spacious living areas, modern amenities, and ample natural light.
Unit Breakdown:
Unit 1: 1st floor front - 1 bedroom, 1 bath
Unit 2: 1st floor rear - studio, 1 bath
Unit 3: 2nd floor front - 1 bedroom, 1 bath
Unit 4: 2nd floor rear - Studio, 1 bath
Unit 5: 3rd floor - 2 bedroom, 1 bath
Upgraded Systems: Recent updates include a new roof, and upgraded electrical and plumbing, reducing maintenance costs and enhancing efficiency. Each unit has separate electric, heat and separate hot water heaters.
Outdoor Space: A shared backyard provides a pleasant outdoor space for tenants to relax and enjoy.
Investment Potential: Consistent occupancy rates and competitive rental prices make this property a lucrative investment with potential for future appreciation.
Financial Information: Just updated to reflect tenant going in furnishe 1st floor rear apartment on September 1, 2024. See updated financials in associated documents.
Annual Gross Income: $64,620
Annual Expenses: $12,982
Net Operating Income: $51,638
Please allow 48 hour notice and proof of financing prior to all showings.
Come make this part of your investment portfolio for years to come.
Location
State PA
County Dauphin
Area City Of Harrisburg (14001)
Zoning RESIDENTIAL
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Ceiling Fan(s)
Fireplace N
Heat Source Electric
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
High Schools Harrisburg High School
School District Harrisburg City
Others
Tax ID 12-008-052-000-0000
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Dustin Kreider • Berkshire Hathaway HomeServices Homesale Realty
“Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”