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Harrisburg,PA 17109
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Subdivision Colonial Park Farms
MLS Listing ID PADA2042998
Style Bi-level
Bedrooms 9
Full Baths 6
HOA Y/N N
Originating Board BRIGHT
Year Built 1947
Annual Tax Amount $5,018
Tax Year 2024
Lot Size 0.650 Acres
Acres 0.65
Property Sub-Type Detached
Property Description
Prime Investment Opportunity – 1 Hereford St, Harrisburg, PA 17109
This multi-unit property is a rare find in a high-visibility, main location in Harrisburg, PA. With strong rental income, a large lot with commercial potential, and an attractive owner-financing option, this investment offers multiple opportunities for cash flow and future development.
The property consists of seven residential units and three garages, generating a total monthly rental income of $12,225 and an annual income of $146,700. With annual expenses of $13,518, the property delivers a net operating income (NOI) of $133,182, resulting in a cap rate of 10.65% at the $1,250,000 asking price.
Unit Breakdown:
Seven residential units ranging from studios to 3-bedroom apartments, all fully leased.
Three garage units, providing additional income streams.
Additional Features:
Large commercial lot with potential for business use or future development.
High-traffic location, ideal for mixed-use opportunities.
Owner-financing available, offering flexible purchasing options.
This property is perfect for investors looking for strong cash flow with growth potential. Don't miss out on this versatile investment opportunity in a prime location. Contact us today for more details!
Location
State PA
County Dauphin
Area Lower Paxton Twp (14035)
Zoning RESIDENTIAL
Rooms
Main Level Bedrooms 9
Interior
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling Window Unit(s)
Fireplace N
Heat Source Electric
Exterior
Parking Features Garage - Front Entry,Additional Storage Area
Garage Spaces 4.0
Water Access N
Accessibility None
Attached Garage 4
Total Parking Spaces 4
Garage Y
Building
Story 2
Foundation Block
Sewer Other
Water Public
Architectural Style Bi-level
Level or Stories 2
Additional Building Above Grade,Below Grade
New Construction N
Schools
High Schools Central Dauphin East
School District Central Dauphin
Others
Senior Community No
Tax ID 35-059-093-000-0000
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard