Just Listed: 56-Unit Portfolio in Harrisburg, PA

Highlights:

• Portfolio Consisting of 56 One-, Two-, Three-, and Four-Bedroom Units Across 37 Properties, All Located in Harrisburg’s Allison Hill Neighborhood
• Properties are Well Maintained with Minimal Deferred Maintenance
• Average Price Per Unit of $39,000
• Current Cap Rate of 9.5%
• Excellent Financing Options Available

Description:

Marcus & Millichap is pleased to present for sale the fee simple interest of the Allison Hill Portfolio, which is located in the city of Harrisburg, Dauphin County, Pennsylvania.

The portfolio consists of 56 one-, two-, three-, and four-bedroom units across 37 properties. All of the properties are proximate to each other, within Harrisburg’s Allison Hill neighborhood.

Tenants of Subject Properties are responsible for select utilities, including electric, gas, and water (in some cases). The portfolio has a strong occupancy history, due to below-market rents. Current occupancy throughout the portfolio is 93%, due to four units being off-line for renovations. These units are anticipated to be ready for new tenants by the end of January 2018.

This portfolio is ideal for investors chasing yield, and is priced well below replacement cost. Due to debt being at historic lows, Marcus & Millichap’s Capital Corp. is available to discuss different debt options.

More Information:

• Andrew Townsend at 215-531-7020
• Clarke Talone at 215-531-7021
• Will Riter at 215-531-7059