$450,000
$525,000
14.3%For more information regarding the value of a property, please contact us for a free consultation.
2,404 SqFt
SOLD DATE : 10/30/2020
Key Details
Sold Price $450,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 2,404 sqft
Price per Sqft $187
MLS Listing ID PADA125230
Sold Date 10/30/20
HOA Y/N N
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $9,200
Tax Year 2020
Lot Size 0.459 Acres
Acres 0.46
Property Description
1200-1208 Chestnut St is 5 separate parcels being sold together with a total of 17 units. 16 units are 1 bedrooms and 1 is a 2 bedroom. All 17 units are occupied and current on their rent as of 8/31/2020. The pictures reflect a unit that has been completely updated. Being sold at an 11% CAP Rate. $9452 in yearly rent 5% vacancy assumption. Water = $870 per month, $10440 per year Common electric: $250 per month, $3000 per year Trash = $442 per month, $5304 per year Tax = $7819 per year Management - 6%, $1200 per month, $6465 per year Maintenance -$14400 a year Insurance = $2268 per year
Location
State PA
County Dauphin
Area City Of Harrisburg (14001)
Zoning R12
Interior
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling None
Heat Source Electric
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Harrisburg High School
School District Harrisburg City
Others
Tax ID 09-044-045-000-0000
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Shabnam Dolly Sachdeva • Cavalry Realty LLC
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