3217 3Rd St Harrisburg, PA 17110
- Apartment buildings
- 4,588 SF
- 0.19 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 3217 3Rd St
- Year built
- 1920
- Lot size
- 0.19 lot acres
- Property size
- 4,588 SF
- Property type
- Apartment buildings
- APN
- 14-010-006
- APU
- 14010006
Description
This exceptional 5-unit multifamily property, located at 3217 N 3rd Street in Harrisburg, Pennsylvania's desirable Uptown area, presents a compelling investment opportunity. The building boasts a substantial 4,588 square feet situated on a 0.19-acre lot. All five units have undergone recent renovations within the past 10 years, ensuring modern appeal and minimizing immediate maintenance needs. Each unit features its own electric panel, electric heat, and hot water heater, providing efficient utility management. A detached garage adds further value and convenience. The property's strong financial performance is highlighted by a projected net operating income (NOI) of $31,188, details of which are available in a provided brochure. Currently enjoying 100% occupancy, this building is zoned for Residential - Medium Density, ensuring long-term stability and potential for growth. Its strategic location near Italian Lake, the Susquehanna Riverfront, I-81, downtown Harrisburg, and a variety of restaurants and shops, enhances its desirability and rental potential. This turnkey investment is poised for continued success, offering a robust return on investment and a promising future in a thriving urban setting. The property's strong occupancy rate and recent renovations make it an ideal addition to any investment portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Harrisburg
- County
- Dauphin
- State
- Pennsylvania
- Longitude
- -76.8992
- Latitude
- 40.299
- CBSA code
- 25420
- CBSA name
- HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA
