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Key Details
Sold Price $345,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 3,276 sqft
Price per Sqft $105
Subdivision Steelton Borough
MLS Listing ID PADA2028266
Sold Date 12/29/23
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $4,008
Tax Year 2023
Lot Size 2,613 Sqft
Acres 0.06
Property Description
Cash-flowing, fully leased 6-unit apartment building PLUS 3 additional storage units in Steelton ready for new owners! The building is comprised of 3 one-bedroom, one-bath units and 3 two-bedroom, one-bath units with current gross rents of $3,849/mo. There is room to increase rents by $1-150 PER unit, with additional opportunity to utilize 3 garage spaces as storage units, adding extra income to this already profitable property and pushing gross rents in excess of $4,500/mo! This is a GREAT investment opportunity in the Steelton-Highspire School District. Whether you're a seasoned investor looking for your next multi-family investment or new to the real estate investment world this is the picture-perfect affordable asset for your portfolio! Electric/heat is split and paid by the tenant, and water/sewer/trash are paid by the landlord. Landlord expenses are lean at $8,112/yr for utilities (water/sewer/trash), $4,008/yr for taxes, and approximately $2,056/yr for insurance resulting in a fantastic turn-key investment opportunity in a great market!
Location
State PA
County Dauphin
Area Steelton Boro (14057)
Zoning R
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Heat Source Electric
Exterior
Water Access N
Accessibility 2+ Access Exits
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Steelton-Highspire Jr-Sr High School
School District Steelton-Highspire
Others
Tax ID 59-003-064-000-0000
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Non Member • Non Subscribing Office