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- LoopNet Team
2400 Newtown Ln
Harrisburg, PA 17110
Margaret's Grove · Multifamily Property For Sale · 13 Units
INVESTMENT HIGHLIGHTS
- Ideally Located in The Affluent Neighborhoods of Harrisburg
- Close Proximity To Highways & All Major Employers For Tenants
- Future Development In Vicinity Will Increase Neighborhood Demand
- Large Units With Three Bedroom & Garages For Maximized Rents
- Fully Occupied & Well Maintained Units
- Keep As Rentals Or Sell Individually to Home Buyers
PROPERTY FACTS
| No. Units | 13 | Building Size | 24,306 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 2011 |
| Building Class | B | Parking Ratio | 1/1,000 SF |
| Lot Size | 3.65 AC |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 3.65 AC |
| Building Size | 24,306 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2011 |
| Parking Ratio | 1/1,000 SF |
ABOUT 2400 NEWTOWN LN , HARRISBURG, PA 17110
Marcus and Millichap is pleased to exclusively present for sale to qualified investors: Newtown Drive Townhomes, Harrisburg PA, 17110. The Subject Property consists of Thirteen (13) Residential Townhomes located in Margaret's Grove Community in the Linglestown Neighborhood of Harrisburg PA. The property sits on a total of 2.01 acres comprised of two adjacent parcels with six and seven attached units on each respectively. All of the units are over sized with an average square footage of 1,975 sf. The homes were built in 2012 and are all currently occupied. The homes all have 3 Bedroom, 2.5 baths units, full appliance packages, and all come with their own garage. Four of the units have 2 car garage, nine have a 1 car garage. Each home is metered separately and tenant pays their own electric, gas, and water. Landlord currently pays for sewer and trash, and also takes care of the lawn care and snow removal. The Property is ideally located in the affluent neighborhoods along Linglestown Rd in the northern most portion of Harrisburg. The local population is expected to grow 2% over the next 4 years and the median household income within a 1-mile radius is $79,445 which is approximately 1.5% higher than the local average. The subject property will be able to benefit from development that is underway on Linglestown Rd in the immediate vicinity for many new retailers, and a boutique town feel that is highly desired in the Central PA Market. These units are positioned to be kept as rentals, or can be purchased as a group and sold individually to home buyers.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 13 | - | 1,955 - 2,019 |
PROPERTY TAXES
| Parcel Number | 62-090-192 | Improvements Assessment | $884,000 |
| Land Assessment | $456,300 | Total Assessment | $1,340,300 |
PROPERTY TAXES
ZONING
| Zoning Code | Residential |
| Residential |
