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32045152

221 N 2nd St, Steelton, PA 17113 For Sale

ED
PA RS333874
$389,950
84 days on market
Updated 84 days ago

221 N 2nd St

Details
APN 59-008-017-000-0000
Property Type Multifamily, Mixed Use
Sub Type Apartment Building
Square Footage 4,100
Units 5
Cap Rate 10.00%
NOI $38,690
Occupancy 100%
Tenancy Multi
Class C
Year Built 1900
Year Renovated 2022
Acreage 0.170
Zoning RESIDENTIAL
Parking Spaces 8 spaces
Parking per 1,000 SqFt 1.95
Investment Type Stabilized
Ground Lease No
Ownership Fee Simple

Multifamily | 10.00% CAP | 5 Units

Marketing description

Incredible Multi-Unit Cash Cow Investment Opportunity! This 5 Unit Show Stopper is in the Heart of Steelton Borough Featuring Spacious Units, 3 Tier Deck, Too Many Upgrades to Mention & Long-Term Tenants. Property will Be Transferred w/ A separate Lot on Ridge St Which Sits Right Behind the Property & Serves as Off Street Parking for the Tenants & Building. (Taxes are $203/year and are in property tax amount.) If You're Looking for a Sit Back & Collect Property w/ Low Maintenance & High Returns at a True 10% Cap Rate, Then Make This Your Next Income Producer Today!

Investment highlights

Incredible Multi-Unit Cash Cow Investment Opportunity! This 5 Unit Show Stopper is in the Heart of Steelton Borough Featuring Spacious Units, 3 Tier Deck, Too Many Upgrades to Mention & Long-Term Tenants. Property will Be Transferred w/ A separate Lot on Ridge St Which Sits Right Behind the Property & Serves as Off Street Parking for the Tenants & Building. (Taxes are $203/year and are in property tax amount.) If You're Looking for a Sit Back & Collect Property w/ Low Maintenance & High Returns at a True 10% Cap Rate, Then Make This Your Next Income Producer Today

Listing Contacts

ED
PA RS333874

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$38,690.00
$3,224.17/mo

Valuation Metrics

0
DSCR
9.92%
Cap Rate
9.92%
ROI

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Property History

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Additional Information

Name
TIM COSTELLO
License
RB065948
Title
Broker of Record
Name
Erin Duffy
License
RS333874
Brokerage
REMAX 1st Advantage
Brokerage Phone
7175915555
Title
Real Estate Salesperson
Brokerage Address
6375 Mercury Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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