Spring St Multifamily Portfolio Multi-Family FOR SALE


Harrisburg, PA
$1,495,000 USD
717-554-4881
, Harrisburg, PA for Sale
$1,495,000 USD
Multi-Family - FOR SALE
1/22
null | 7.92% Cap Rate

Spring St Multifamily Portfolio
Harrisburg, PA


HIGHLIGHTS

  • Harrisburg, PA Mul family Portfolio | 14 Apartments, 1 Garage & 4 Storage Units
  • Value-Add Opportunity | Rents on Average 11% Below Market Rates
  • Recent Improvements | $80k Invested in New Roofs, Windows & HVAC
  • Strong Demographics & Population Growth | 4.9% Projected Population Increase by 2027, Driving Demand for Housing
  • Access to Downtown Harrisburg & Regional Highway Systems | Access to I-283 & I-83

OVERVIEW

SCOPE Commercial Real Estate Services is pleased to exclusively present for sale The Chamber St. Mul family Portfolio, a portfolio of two apartment buildings, on Chambers Street in Pennsylvania's state capital, Harrisburg. 1022 and 1082 Chambers, built in 1944 and 1974, feature 14 apartments, four storage units, and one garage. The units include one-, two-, and three-bedroom con?gurations. An additional parcel o?ers the opportunity for development or parking income. The properties are situated on a total lot size of 0.70 acres, o?ering both privacy and convenience with easy access to Harrisburg’s urban amenities. Ownership recently invested $80,000 in Capex for a new roof, windows, and HVAC units. Currently, rents are achieving a below-market average of $969 across the portfolio o?ering a potential increase of 12.81% to meet market rents. Located along Chambers Street, the subject property is located just 1.5 miles from I-283 connecting to I-83 the surrounding Harrisburg region. Tenants have access to numerous neighborhood/regional shopping centers as well as dining, entertainment, and all Downtown Harrisburg has to o?er.

ASK ABOUT THIS PROPERTY

Craig DunkleScope Commercial Real Estate Services, LLCMore Info
717-554-4881

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Craig DunkleScope Commercial Real Estate Services, LLCMore Info
717-554-4881

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.