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    125 Sylvan Ter Harrisburg, PA 17104-1069
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    Property profile & analytics

    125 Sylvan Ter Harrisburg, PA 17104-1069


    • Apartment buildings
    • 4,515 SF
    • 0.03 lot acres
    Off-Market
    Last Sale Feb 21, 2023
    $165,000
    Property ID
    US73-0055581
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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    Cap Rate Potential
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    • Apartment buildings

    Property Details for 125 Sylvan Ter

    Year built
    1900
    Lot size
    0.03 lot acres
    Property size
    4,515 SF
    Property type
    Apartment buildings
    APN
    09-043-041
    APU
    9043041

    Description

    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.


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    Location Insight

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    • Local Demand
    City
    Harrisburg
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.8724
    Latitude
    40.2634
    CBSA code
    25420
    CBSA name
    HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,801
    $12,200
    $45,400
    $57,600
    -
    $12,200
    $45,400
    $57,600
    More about this property
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