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2515 Woodlawn Street

HARRISBURG, PA 17111
  • $550,000
  • STATUS: Closed
  • ON SITE: 435 Days
  • ID#: PADA2022226
Sold - 06/30/2023
$550,000
SOLD - 06/30/2023
  • 0
    BEDS
  • 0.26
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1962
County:

School Information

High School:
School District:

Description

*Owner Financing Available* Located in a quiet neighborhood of long-term homeowners, you will find this exceptionally well-maintained income producing property with available owner financing . Consisting of 4 residential apartment units, 1 office space and 16 storage units, this property is an excellent income producer that spreads out risk through diversification. The tenants are long term quality tenants, and have always leased easily. Each apartment has quality oak flooring throughout, solid doors, new windows and well-maintained fixtures. The dwelling units have a separate locked storage room in basement with complete laundry hookups, adding a huge value for tenants. Most major components are new; and the improvements the owner has made over time have reduced the operating expenses by 32% even in the face of rising costs. Each apartment has been separately metered, even down to separating water, a rarity in similar properties. Each unit has a separate gas-powered boiler, as well as gas hot water heater, and is separately metered for gas and electric. The water is sub-metered so it can easily be billed back to tenant, which current ownership does once per quarter. Current ownership has done many property improvements, like low maintenance landscaping to save money while providing an attractive rental for residents. The careful maintenance this income producing property has benefited from has produced a healthy return and resulted in easy management.Storage units have leased very easily, mostly to the local captive audience close to property, and provide an low maintenance income stream, with rents collected every quarter. NOI is $47,650. Property provides significant upside in rents and low maintenance cash income.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices Homesale Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-06-15T23:49:53.87.
www.centralpahomesaleteam.com/homes/138384759
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2515 Woodlawn Street HARRISBURG, PA 17111

  • Price: $750,000
  • Status: Closed
  • On Site: 435 Days
  • ID#: PADA2022226
0
Beds
0
Baths
0
½ Baths
0.26
Acres
1962
Built
Neighborhood:
City Of Harrisburg (14001)
County:
Dauphin
Area:
City Of Harrisburg (14001)
High School:
Harrisburg
School District:
Harrisburg City
Property Description
*Owner Financing Available* Located in a quiet neighborhood of long-term homeowners, you will find this exceptionally well-maintained income producing property with available owner financing . Consisting of 4 residential apartment units, 1 office space and 16 storage units, this property is an excellent income producer that spreads out risk through diversification. The tenants are long term quality tenants, and have always leased easily. Each apartment has quality oak flooring throughout, solid doors, new windows and well-maintained fixtures. The dwelling units have a separate locked storage room in basement with complete laundry hookups, adding a huge value for tenants. Most major components are new; and the improvements the owner has made over time have reduced the operating expenses by 32% even in the face of rising costs. Each apartment has been separately metered, even down to separating water, a rarity in similar properties. Each unit has a separate gas-powered boiler, as well as gas hot water heater, and is separately metered for gas and electric. The water is sub-metered so it can easily be billed back to tenant, which current ownership does once per quarter. Current ownership has done many property improvements, like low maintenance landscaping to save money while providing an attractive rental for residents. The careful maintenance this income producing property has benefited from has produced a healthy return and resulted in easy management.Storage units have leased very easily, mostly to the local captive audience close to property, and provide an low maintenance income stream, with rents collected every quarter. NOI is $47,650. Property provides significant upside in rents and low maintenance cash income.
Exterior Features

Construction Materials Brick Garage YN No Parking Types Parking Lot Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 4788.00 Cooling Window Unit(S) Exclusions The Washers And Dryers Belong To The Tenants. Heating Baseboard - Hot Water Heating YN Yes Inclusions Any Appliances Currently On The Premise - Stoves And Refrigerators Net Square Feet 4788.00

Property Features

Acceptable Financing Seller FinancingConventionalCash Accessibility Features None Assessment Year 2023 Business Type Apartment BuildingStorage Buyer Financing Seller Central Air YN No Cooling Fuel Electric Foundation Details Other Heating Fuel Natural Gas Hot Water Natural Gas Municipality City Of Harrisburg Navigable Water YN N New Construction YN No Number Of Units Total 4 Original MLSNumber 802260504260 Ownership Interest Fee Simple Possession Settlement Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 6877.00 Tax Assessment Amount 150900.00 Trash Expense 1164.00 Vacation Rental YN No Water Source Public Zoning Rm Zoning Description Rm - Resident Medium Density

Listing courtesy of SVN Latus: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices Homesale Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-06-15T23:49:53.87.
 
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