$189,900
$199,900
5.0%For more information regarding the value of a property, please contact us for a free consultation.
1,680 SqFt
SOLD DATE : 08/16/2024
Key Details
Sold Price $189,900
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,680 sqft
Price per Sqft $113
Subdivision Olde Uptown
MLS Listing ID PADA2032508
Sold Date 08/16/24
Style Traditional
Abv Grd Liv Area 1,680
Originating Board BRIGHT
Year Built 1907
Annual Tax Amount $1,960
Tax Year 2023
Lot Size 871 Sqft
Acres 0.02
Property Description
This is currently set up as TWO units. An owner occupant could live in one and rent the other to help with mortgage costs. OR a buyer could convert this into a single family house with 4 or 5 bedrooms, your choice in this desirable neighborhood. End unit only one adjoiner. Lots of possibilities here in Olde Uptown, 2 units live in one and rent the other, rent both, or convert the 2 units into one large 4-5 bedroom home for yourself/family/rent/flip in this great neighborhood, close to the Riverfront. Desirable neighborhood with well kept older homes intermixed with newer construction, a real revitalized area. Across the steet from playground and small park. First floor unit is 1 bedroom, and second unit is 3 bedrooms on the second and third floors. Low real estate taxes less than $2,000 total per year. Brand new natural gas furnace professuionally installed 2 years agofor 3 br. Two hot water heaters 1 gas (3Br) 1 electric (1br), each paid by tenants. Washer and Dryer hookups in basement. Only utilities paid by the owner are water, sewer and trash. Tenants pay all other utilitites. Close by to the Alvaro Bread and Pastry (also have great meals) and Little Amps Coffee Roasters, both great places in the neighborhood. (I've been to both) Rear porches recently rehabbed and painted as was most of exterior. This building is in great shape ready for a new owner in a great neighborhood. Exterior freshly painted including rear decks, just last week. Current rents 3br = $1,275 and 1br = $975. Rents are below median rent for the area and there is room to advance the current rents. Median rent, per FHA for a 1br is $1,021 and for a 3 br is $1,634. At Median FHA rent level yearly gross rent would be $31,860. Owner pays water, sewer & trash which totalled $2,393 last year. Owner pays insurance which totaled $828 last year and real estate taxes which totalled $1,921 last year. At the current rent 10.9 CAP rate. At the FHA Median rent of $31,860 would be 13.3 CAP rate and above Median rent, (which is 50% above and 50% below) the CAP reate would be even higher.
Location
State PA
County Dauphin
Area City Of Harrisburg (14001)
Zoning RESIDENTIAL MEDIUM DENSIT
Rooms
Basement Unfinished
Interior
Hot Water Natural Gas
Cooling None
Equipment Oven/Range - Electric, Refrigerator
Fireplace N
Appliance Oven/Range - Electric, Refrigerator
Heat Source Natural Gas
Exterior
Utilities Available Electric Available, Natural Gas Available, Sewer Available, Water Available
Water Access N
Accessibility 2+ Access Exits
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
High Schools Harrisburg High School
School District Harrisburg City
Others
Tax ID 11-013-037-000-0000
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard
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Bought with JOHN HOLTZMAN • Howard Hanna Company-Harrisburg