1938 Starnes Street

Description

Located in a desirable Harrisburg neighborhood on a block that is seeing considerable reinvestment and improvement. They are in close proximity to the Medical District and downtown. This rare four-property (1934, 1936, 1938 and 1940) investment portfolio on Starnes Street presents a strong value-add opportunity with significant income upside. All 4 properties have updated electrical panels, newer windows, vinyl siding, and three of the four homes feature newer roofs. The SFRs have long-term residents in place. The duplex is being vacated allowing for projected gross income of 4,155 or higher. The leases on each of the SFRs will expire by end of April, allowing for rent increases to further enhance returns. Offered at 389,600, this portfolio exceeds the 1% rule and provides a strategic opportunity to expand in a high-demand area experiencing growth. This duplex features 2 units with 1 bedroom and 1 bath in each unit. It has been recently renovated with LVP flooring, updated PEX plumbing and completed foundation work that comes with a transferable warranty. One unit is currently vacant, and the other unit will soon be vacated. This will allow for expected gross rent of 1,600+ per month. Property is being sold as-is with no warranties or disclosures.