1854 Walnut St Harrisburg, PA 17103
- Residential income homes
Current Use by Public Records
- Residential income homes
Property Details for 1854 Walnut St
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a four-parcel, five-unit single-family rental portfolio located in Harrisburg, Pennsylvania, at 1854 Walnut St, zip code 17103. The portfolio boasts a current NOI of $60,000, with a projected increase to $68,000 through market rate adjustments to two units. The property includes four three-bedroom units and one two-bedroom unit, all currently occupied. Four of the five units have undergone recent renovations within the last two years, ensuring a turnkey operation. The property also features a large rear parking lot, offering potential for additional income generation through rental. Tax IDs 15-017-026, 15-017-027, 15-017-028, and 15-017-029 are included in the sale. Tenant responsibility for utilities is comprehensive, except for sewer and water at 1860, which is covered by the owner. Seller financing is a possibility. This portfolio offers a compelling 10% cap rate, with a pro-forma cap rate of 11.35%, making it an attractive addition to any investor's portfolio. The asking price is $599,000.
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
- -76.8633972
- Latitude
- 40.2719048
