125 Sylvan Ter, Harrisburg, PA 17104-1069

This exceptional value-add opportunity presents a six-unit apartment building located at 125 Sylvan Terrace (also known as 1133 Derry St.), Harrisburg, PA 17104. The property, built in 1900 and spanning three stories, is zoned residential and offers significant potential for increased revenue. Currently, three units are occupied, but below market rent, presenting immediate upside. Two additional units require only minor cosmetic repairs before they can be leased, while one unit has been completely gutted and awaits renovation. This combination of under-rented units and readily rentable units provides a strong foundation for a savvy investor. Existing professional property management is in place, ensuring a smooth transition for the new owner. The asking price is $364,900, representing a pro-forma cap rate of 15.62% and a pro-forma NOI of $57,000. The price per unit is $60,816.67. The owner currently pays water, sewer, trash, and common area electricity. This is a Class D multifamily investment, offering a compelling return on investment for the right buyer. The property's financial details are available upon request. This is a rare chance to acquire a multifamily property with immediate income and significant upside potential in a desirable location.