Prime Investment Opportunity – 1 Hereford St, Harrisburg, PA 17109This multi-unit property is a rare find in a high-visibility, main location in Harrisburg, PA. With strong rental income, a large lot with commercial potential, and an attractive owner-financing option, this investment offers multiple opportunities for cash flow and future development.The property consists of seven residential units and three garages, generating a total monthly rental income of $12,225 and an annual income of $146,700. With annual expenses of $13,518, the property delivers a net operating income (NOI) of $133,182, resulting in a cap rate of 10.65% at the $1,250,000 asking price.Unit Breakdown:Seven residential units ranging from studios to 3-bedroom apartments, all fully leased.Three garage units, providing additional income streams.Additional Features:Large commercial lot with potential for business use or future development.High-traffic location, ideal for mixed-use opportunities.Owner-financing available, offering flexible purchasing options.This property is perfect for investors looking for strong cash flow with growth potential. Don't miss out on this versatile investment opportunity in a prime location. Contact us today for more details!
Prime Investment Opportunity – 1 Hereford St, Harrisburg, PA 17109This multi-unit property is a rare find in a high-visibility, main location in Harrisburg, PA. With strong rental income, a large lot with commercial potential, and an attractive owner-financing option, this investment offers multiple opportunities for cash flow and future development.The property consists of seven residential units and three garages, generating a total monthly rental income of $12,225 and an annual income of $146,700. With annual expenses of $13,518, the property delivers a net operating income (NOI) of $133,182, resulting in a cap rate of 10.65% at the $1,250,000 asking price.Unit Breakdown:Seven residential units ranging from studios to 3-bedroom apartments, all fully leased.Three garage units, providing additional income streams.Additional Features:Large commercial lot with potential for business use or future development.High-traffic location, ideal for mixed-use opportunities.Owner-financing available, offering flexible purchasing options.This property is perfect for investors looking for strong cash flow with growth potential. Don't miss out on this versatile investment opportunity in a prime location. Contact us today for more details!
Neighborhood
Type
Total Baths
County
Dauphin
Area
Lower Paxton Twp
Tax Amount
$5,018
Status
Active
Listing #
PADA2042998
Built
1947
Lot Size
0.65
Listed on site
2 days
Listing Agent Id
301729313271