Historical Multifamily Sale Listing - Locust St.

Multifamily For Sale

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Locust St.

6504 Locust St., Harrisburg, PA 17111

N/A

4 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
4
Building Size:
1,800 SF
Property Type:
Multifamily
Property Sub-type:
Duplex/Triplex/Fourplex
Property Use Type:
Investment
Cap Rate:
8.60%
Occupancy:
100%
Listing ID
16751064
Last Updated
over 1 year ago

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).

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

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