420 Wiconisco St Harrisburg, PA 17110
- Apartment buildings
- 3,648 SF
- 0.14 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 420 Wiconisco St
- Year built
- 1965
- Construction
- FRAME
- Lot size
- 0.14 lot acres
- Property size
- 3,648 SF
- Property type
- Apartment buildings
- APN
- 10-034-024
- APU
- 10034024
Description
This exceptional five-unit apartment building, located at 420 Wiconisco Street in Harrisburg, Pennsylvania, presents a compelling investment opportunity. The property boasts a total of 6,345 square feet and sits on a 0.14-acre lot. Recently renovated, the building features updated interiors and a brand-new roof, eliminating the need for immediate capital improvements. The exterior has also been freshly painted. Currently fully occupied, all units command market rents, generating a substantial net operating income (NOI) of $52,600 annually. This translates to a strong return on investment. The property is part of a larger ten-unit portfolio, offering potential for economies of scale and further investment growth. The low taxes and expenses associated with this property contribute to its exceptional profitability. Detailed financial statements, including net sheets for all properties within the portfolio, are available upon request. This is a turnkey investment ready to generate immediate income. The asking price for this specific five-unit building is $490,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $480,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $560,000
- 6.5%
- $595,000
- 7%
- $565,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $525,000
- Geo Method
- $615,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $685,000
- Retail
- $650,000
- Mixed-Use
- $645,000
- Hospitality
- $710,000
- Educational
- $725,000
- Residential Income
- $695,000
- Energy
- $710,000
- Income-Based Land
- $605,000
- Food Service
- $650,000
Location Insight
- Map
- Local Demand
- City
- Harrisburg
- County
- Dauphin
- State
- Pennsylvania
- Longitude
- -76.8977
- Latitude
- 40.2896
- CBSA code
- 25420
- CBSA name
- HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA