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Key Details
Sold Price $485,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $115
MLS Listing ID PACB2024760
Sold Date 10/27/23
Style Traditional
Abv Grd Liv Area 4,200
Originating Board BRIGHT
Year Built 1960
Annual Tax Amount $4,364
Tax Year 2023
Lot Size 9,148 Sqft
Acres 0.21
Property Description
This 4-unit standalone property in Camp Hill offers a solid investment opportunity. Each unit comprises 2 bedrooms and 1 bathroom. With 100% occupancy, the units currently yield rents between $900-$995/month, suggesting stable cash flow. There's potential for rent escalation, given market trends. Tenants are responsible for the majority of utilities, with the owner's annual utility outlay at $2,848 for sewer, and trash. Notable features include off-street parking for all units, and the basement holds potential for value-add amenities such as laundry or storage, which could introduce additional revenue streams. The property is managed efficiently by Harrisburg Property Management, ensuring streamlined operations. Average water bill for all 4 units is $100 per month. For financing, the seller considers holding a 2nd position mortgage for 10%, contingent on agreeable terms. Located in a strategic area of Camp Hill, this property aligns with the criteria of discerning investors seeking a reliable asset with growth potential. Come check out this great investment opportunity Saturday October 7th from 11AM to 1PM! This will be the first scheduled showing date for the property so make sure to put it on your calendar!
Location
State PA
County Cumberland
Area East Pennsboro Twp (14409)
Zoning COMMERCIAL
Rooms
Basement Full
Interior
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling Window Unit(s)
Fireplace N
Heat Source Electric
Exterior
Garage Spaces 8.0
Utilities Available Cable TV, Electric Available, Natural Gas Available, Phone, Sewer Available, Water Available
Waterfront N
Water Access N
Roof Type Shingle
Accessibility 2+ Access Exits
Total Parking Spaces 8
Garage N
Building
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
Structure Type Dry Wall
New Construction N
Schools
High Schools East Pennsboro Area Shs
School District East Pennsboro Area
Others
Tax ID 09-19-1590-095
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Stella Rakovac-Dodik • Coldwell Banker Realty