This property is Off-Market

6504 Locust St.
Harrisburg, PA 17111 ·

4 Units · Multifamily For Sale

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Locust St.

Price N/A Property Sub-type Duplex/Triplex/Fourplex
No. Units 4 Property Use Type Investment
Building Size 1,800 SF Cap Rate 8.60%
Property Type Multifamily Occupancy 100%
Listing ID: 16751064 Date Created: 07/08/2010 Last Updated: 10/21/2010

Description

6504 Locust Street Harrisburg, PA 17111 Outstanding opportunity to purchase a 4-unit in desireable location which includes:

2-Bedroom apartment: 1st floor
1-Bedroom apartment: 2nd floor
1-bedroom apartment: 2nd floor
1-large Storage unit.

Net Operating Income = $14,713.
$171,000 reflects an 8.5% Capitalization rate.

If purchasing with a conventional mortgage, experience positive cash flow ($400/month) immediately (30yrs, 6% rate, 20% down)!

Features:

* All units have their own washers and dryers; therefore...
* Very low vacancy rates;
* All units have been very nicely remodeled;
* Located on a beautiful lot;
* Neighborhood is single family homes (not high density housing);
* Roof is only a few years old;
* Off street parking for at least 8 cars;
* Everything has been updated; needs no immediate maintenence;
* Out of city: Not in high density area;
* Built in 1986;
* Very low expenses;

6504 Locust St. (NOT Locust Lane).

Research

6504 Locust St., Harrisburg, PA 17111 (Dauphin County)

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