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)