12 Unit Apartment Building + 6 Storage Units For Sale By Owner. Outstanding Condition in Nice Area. For Sale URL: https://www.ad26.com/fsbo.htm * Value Add: Rents are more than $100 (average) below market value. That's $14,400 more cash per year and a $205,700 instant increase of property value at a 7% cap rate. * All have VERY LOW vacancy rates (0% since 2009): Not one day of vacancy in any of the 12 apartments since 2009. * Rents are below market value for comparable apts. Most 2-Bedrooms are in $1100's, with comparables in the $1300's. * Very low turnover. 20-25% tenants are nurses/doctors (from the Penn State Hershey Medical Center which is nearby). * High quality tenants - outstanding credit scores are required at this location and lack typical tenant problems. * Not one late rent for over 7 years due to outstanding tenants. * 5 of 12 Tenants are long term (6+ years). * No deferred maintenance. Very well maintained building and grounds. * Located in Swatara Township, despite 17036 zip code: Swatara Township is a Harrisburg suburb Township. * No late rents during Covid-19. Rents continued to rise during the 2008 Great Recession despite national R/E downturn. * Located on a beautiful lot with plenty of trees and a public park with walking path next door. Lot size = 0.85 acres. * Single family home neighborhood. * The greater Harrisburg region is a very high demand rental area; Also one of the strongest economies in the state. * Harrisburg area was voted the best place to retire last year: https://realestate.usnews.com/real-estate/best-places-to-retire/articles/what-makes-harrisburg-pa-the-best-place-to-retire * Harrisburg area was ranked #1 for the hottest small rental markets in the country in 2023 and #7 in 2024: https://www.rentcafe.com/blog/rental-market/market-snapshots/most-competitive-rental-markets-this-year/ * An average of 14 prospective renters compete for each vacancy in Harrisburg: https://www.pennlive.com/news/2023/12/harrisburg-area-rental-market-remains-painfully-tight-as-14-would-be-tenants-circle-every-apartment.html Misc: * Tenants pay for electricity only; water, sewer, trash is included in rent. Water can be metered for each apartment if meters are installed. * All leases are one year in duration. * All units have Central Air/Central Heating and Dishwashers. * (8) 2-bedroom models have washer/dryer hookups. (4) 1-bedroom models have coin-op laundry on ground floor. * 2-bedroom apartments and rooms are of generous size (about 1000 s.f.). Include double-sink vanities in bathrooms.