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2626 Penbrook Avenue

HARRISBURG, PA 17103
  • $200,000
  • STATUS: Active
  • ON SITE: 32 Days
  • ID#: PADA2018120
$200,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,509
    SQFT
  • $133
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Fantastic Investment Property. 3 bedroom or 4 bedroom Half a Double Home with 8 Garages. Home and Garage rent is undervalued. Seller owned the property for 10 years and never raised any of the rents. Home tenant lived in home before Seller bought property.Income is based on projected income. Projected Home rent could be $1,000 to 1,200. Calculation for Home rent used is $1,000. Garage rent used is $125 per garage.** Yearly Expense **Maintenance for 2021 $306 + Taxes $2,272 + Sewer $425 + Trash $285 + Insurance $801 + Garage Electric $574 +Storm Water $229 + 5% Vacancy Rate $1,200 = $6,092 Yearly Expense. ***. Notice that Expenses include $1,200 vacancy rate.Amazing projected Net Operating Income of $17,908, including a $1,200 vacancy rate.Home is vacant. Garage # 6 and 8 is vacant. All other garages on a month to month rental.Prior owner updated home with new windows, roof, vinyl siding and 200 amp service.New carpet and paint throughout the home.Garages stalls are separated and have electric. Garage electric is paid by Landlord.Gas Stove in Living Room plus electric baseboard heat.4th Bedroom-Prior tenant used 3rd floor room as a bedroom. There is no heat on 3rd floor. If you install a strip of inexpensive electric baseboard heat you have another bedroom and more square footage.Home Tenant pays gas, home electric, water. Garage Tenants responsible for snow removal in front of their garage. Home tenant responsible for grass and snow.Sewer and Trash are billed with Municipal Tax.

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©2022 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 The Charles Graef Home Selling Team | REMAX Associates. 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: 2022-12-06T23:50:18.16.
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2626 Penbrook Avenue HARRISBURG, PA 17103

  • Price: $200,000
  • Status: Active
  • On Site: 32 Days
  • ID#: PADA2018120
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1,509
SQFT
$133
$/SQFT
1900
Built
Neighborhood:
Penbrook Boro (14048)
County:
Dauphin
Area:
Penbrook Boro (14048)
Elementary School:
South Side
Middle School:
Central Dauphin East
High School:
Central Dauphin East
School District:
Central Dauphin
Property Description
Fantastic Investment Property. 3 bedroom or 4 bedroom Half a Double Home with 8 Garages. Home and Garage rent is undervalued. Seller owned the property for 10 years and never raised any of the rents. Home tenant lived in home before Seller bought property.Income is based on projected income. Projected Home rent could be $1,000 to 1,200. Calculation for Home rent used is $1,000. Garage rent used is $125 per garage.** Yearly Expense **Maintenance for 2021 $306 + Taxes $2,272 + Sewer $425 + Trash $285 + Insurance $801 + Garage Electric $574 +Storm Water $229 + 5% Vacancy Rate $1,200 = $6,092 Yearly Expense. ***. Notice that Expenses include $1,200 vacancy rate.Amazing projected Net Operating Income of $17,908, including a $1,200 vacancy rate.Home is vacant. Garage # 6 and 8 is vacant. All other garages on a month to month rental.Prior owner updated home with new windows, roof, vinyl siding and 200 amp service.New carpet and paint throughout the home.Garages stalls are separated and have electric. Garage electric is paid by Landlord.Gas Stove in Living Room plus electric baseboard heat.4th Bedroom-Prior tenant used 3rd floor room as a bedroom. There is no heat on 3rd floor. If you install a strip of inexpensive electric baseboard heat you have another bedroom and more square footage.Home Tenant pays gas, home electric, water. Garage Tenants responsible for snow removal in front of their garage. Home tenant responsible for grass and snow.Sewer and Trash are billed with Municipal Tax.
Exterior Features

Architectural Style Traditional Construction Materials Frame Garage Spaces 8.00 Garage Type Other Garage YN Yes Other Structures Above GradeBelow Grade Parking Types Detached GarageOn Street Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 1509 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling None Fireplace YN No Fireplaces Total 0 Heating OtherBaseboard - Electric Heating YN Yes Inclusions Refrigerator included. Workbench in Basement And Other items in Basement Convey With Home. Interior Features CarpetCeiling Fan(S)Kitchen - Eat-In Rooms Total 9 Single Room Units 0 Three Bedroom Units 1 Two Bedroom Units 0

Property Features

Acceptable Financing CashConventional Accessibility Features None Assessment Year 2022 Central Air YN No Cooling Fuel None Existing Lease Type Month To Month Foundation Details Stone Heating Fuel Natural GasElectric Hot Water Natural Gas Municipality Penbrook Boro Navigable Water YN N Net Operating Income 17908.00 New Construction YN No Number Of Units Leased 6 Number Of Units Total 3 Number Of Units Vacant 3 Operating Expense 6092.00 Original MLSNumber 801971286712 Ownership Interest Fee Simple Possession Settlement Property Sub Type Duplex Sale Type Standard Sewer Public Sewer Structure Design Type Twin/Semi-Detached Tax Annual Amount 2339.00 Tax Assessment Amount 64300.00 Total Actual Rent 24000.00 Vacation Rental YN No Water Source Public Zoning Residential

Listing courtesy of Coldwell Banker Realty: .


©2022 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 The Charles Graef Home Selling Team | REMAX Associates. 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: 2022-12-06T23:50:18.16.
 
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