3217 3Rd StHarrisburg, PA 17110

For Sale
$500,000

Prime Investment Opportunity: High ROI Potential

Overview

Added:
Feb 3
Days on market:
40
This exceptional 5-unit multifamily property, located at 3217 N 3rd Street in Harrisburg, Pennsylvania's desirable Uptown area, presents a compelling investment opportunity. The building boasts a substantial 4,588 square feet situated on a 0.19-acre lot. All five units have undergone recent renovations within the past 10 years, ensuring modern appeal and minimizing immediate maintenance needs. Each unit features its own electric panel, electric heat, and hot water heater, providing efficient utility management. A detached garage adds further value and convenience. The property's strong financial performance is highlighted by a projected net operating income (NOI) of $31,188, details of which are available in a provided brochure. Currently enjoying 100% occupancy, this building is zoned for Residential - Medium Density, ensuring long-term stability and potential for growth. Its strategic location near Italian Lake, the Susquehanna Riverfront, I-81, downtown Harrisburg, and a variety of restaurants and shops, enhances its desirability and rental potential. This turnkey investment is poised for continued success, offering a robust return on investment and a promising future in a thriving urban setting. The property's strong occupancy rate and recent renovations make it an ideal addition to any investment portfolio.

Property Details for 3217 3Rd St

Property type
Residential income properties, Multifamily properties
Square Feet
4,588 SF
Year Built
1920
Lot Size (sq. ft)
8,276 SF

Location Insight

City
Harrisburg
County
Dauphin
State
Pennsylvania
Latitude
40.29902
Longitude
-76.89928
3217 3Rd St, Harrisburg, Pennsylvania

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3217 3Rd St
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