6 Allison Ct (254 S 20th St), Harrisburg PA 17104

3 bed/1.5 bath, 1,625 sq ft / Done & Rented

 

About the project

Super cool, modern, cash flowing condo built in 1995. Situated in an amazing neighborhood within Harrisburg where mostly owner occupants live. 3 bedroom 1.5 bathroom. 1,625 sq. feet. 1st floor laundry room. Vaulted ceilings in foyer and staircase. Off street covered parking. Open floor plan. Heat pump w/ central air. Electric 50 gallon hot water heater. Large soaking tub with NO JETS. New kitchen and appliances. Balcony off kitchen. 3 floors of living space. Strong cash flow and a rock solid asset located in a stable and growing neighborhood make this in amazing investment. All mechanicals and cosmetic items were replaced within the last 2 – 5 years. There will be a new 24 month lease signed with a rock solid tenant who has been here 4 plus years! They love the condo and don’t want to move. PLUS NO HOA FEES!

Price:                              $119,900

Renovation:                  $0

Total All In:    $119,900

Rent:                                $1,100/mo

Property Mgmt (6%):   $66

Insurance:                       $33

Taxes:                               $156

Maintenance (5%):         $55

Vacancy (7%):                 $77

Total Expenses:              $387

NOI per month:              $713

Cap Rate:                         7.14%

GRM:                                 9.08

Comps*:                           $125,000

* Comps are NOT a guarantee, but an estimation of after repair value (ARV)