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$489,900
Listing Price5beds
2.5baths
2,916sqft
871sqft lot
115 Locust St, Harrisburg, PA 17101
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Full foreclosure details
Home value, equity and ownership info
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For Sale
Off Market
Home type
Price / sqft
Year built
Home Details
FULLY RENTED! Turnkey Downtown Harrisburg Multi-family Investment Cap Rate: 10.46%+nnWelcome to an exceptional income-producing opportunity in the heart of Downtown Harrisburgs thriving Riverfront district just steps from the Susquehanna River, restaurants, state offices, and entertainment.nnThis unique property includes two fully detached single-family homes on one deed offering dual rental streams in one of the citys most walkable and high-demand areas.nn Property Highlights:n Front Home: 5 bed / 2.5 bath | Current Rent: 2,650 + 185.37 utility charge |Est. Rent: $2,900/month or moren Rear Home: 3 bed / 2 bath |Current Rent: 2,000 + variable charges for utilities| Est. Rent: $2,100/month or moren Total Monthly Rental Income:Current: 4,650 base + utility charges | Est: $5,000+n Estimated Monthly PITI Payment: $3,459n Estimated Monthly Cash Flow: $1,541+nn Investment Snapshot:n Annual Gross Income: $60,000n Estimated Annual Expenses (taxes, insurance, maintenance): $7,684n Estimated Net Operating Income (NOI): $52,316n Cap Rate: 10.46% (conservatively) | 11.25%+ with short-term rental conversionnnWith positive cash flow, this is the kind of high-yield, low-risk asset investors chase and rarely find in such a prime location. Just a few blocks from Riverfront Park, City Island, the Capitol Complex, and the areas largest employers, appreciation potential here is as strong as the income stream.nnWhether youre a first-time investor or building your portfolio, this is a rare chance
Interior Details
2916
5
2.5
Has Heating:
No
Heating Type:
N/A
Has Cooling:
No
Cooling Type:
N/A
Has Fuel:
No
Fuel Type:
N/A
Has Basement:
No
Basement Type:
Full
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
871
No
No
Type:
N/A
Location:
N/A
Status:
N/A
Number of Spaces:
N/A
No
No
No
No
No
No
No
Construction Details
N/A
Brick
N/A
N/A
N/A
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2020
$4,536
$13,700
$85,500
--%
$99,200
2019
$4,439
$13,700
$85,500
--%
$99,200
2018
$4,340
$13,700
$85,500
--%
$99,200
2017
$4,340
$13,700
$85,500
--%
$99,200
2016
$4,351
$13,700
$85,500
--%
$99,200
2014
$6,975
$13,700
$85,500
--%
$99,200
2012
$4,127
$13,700
$85,500
--%
$99,200
Average Home Price in 17101
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