Welcome to 224 Harris St, a well-maintained 5-unit multi-family property nestled in the heart of Midtown Harrisburg. This charming building offers a fantastic investment opportunity with steady rental income in a desirable neighborhood.
Key Features:
Prime Location: Conveniently situated in the heart of Midtown Harrisburg, not in the flood plain, public transportation, restuarants and entertainment, making it highly attractive to tenants.
Well-Maintained Units: Each unit is thoughtfully designed with spacious living areas, modern amenities, and ample natural light.
Unit Breakdown:
Unit 1: 1st floor front - 1 bedroom, 1 bath
Unit 2: 1st floor rear - studio, 1 bath
Unit 3: 2nd floor front - 1 bedroom, 1 bath
Unit 4: 2nd floor rear - Studio, 1 bath
Unit 5: 3rd floor - 2 bedroom, 1 bath
Upgraded Systems: Recent updates include a new roof, and upgraded electrical and plumbing, reducing maintenance costs and enhancing efficiency. Each unit has separate electric, heat and separate hot water heaters.
Outdoor Space: A shared backyard provides a pleasant outdoor space for tenants to relax and enjoy.
Investment Potential: Consistent occupancy rates and competitive rental prices make this property a lucrative investment with potential for future appreciation.
Financial Information: Just updated to reflect tenant going in furnishe 1st floor rear apartment on September 1, 2024. See updated financials in associated documents.
Annual Gross Income: $64,620
Annual Expenses: $12,982
Net Operating Income: $51,638
Please allow 48 hour notice and proof of financing prior to all showings.
Come make this part of your investment portfolio for years to come.
