The Baj Team at Sperry Van Ness Imperial Realty is pleased to offer Lawnton Gardens, a 57 unit Multifamily investment property located in Harrisburg, PA. Lawnton Gardens Apartment Community is composed of 9 two story buildings that sit on 2.93 acres. There are 1 bedroom, 2 bedroom, and 3 bedroom units that boast a solid rental history. Lawnton Gardens is conveniently located in a great residential neighborhood with easy access to Route 322, Route 283/83, and Rt. 322 retailing. It is minutes from Hershey attractions and retail locations. Ideal Value Add property. Use debt to finance unit and tenant upgrades at unit turnover. Sales Info: ■ Cap rate: 7.1% ■ Commision split: 2.0% ■ NOI: $247,529 Location Description: Lawnton Gardens is comprised of 57 Garden Style Units and boasts a solid rental history. There are 9 buildings in this apartment community which sit on 2.93 acres. The unit mix is one bedrooms, two bedrooms, and three bedrooms. This apartment development is situated in a great residential neighborhood. It is located close to Derry Street, Route 322, Route 283/83, and Rt. 322 retailing. It is minutes from Hershey attractions and near many retail establishments. Highlights: ■ 57 Unit Multifamily Investment Property In Desirable Location ■ Solid Rental History ■ Dense Neighborhood with Nearby Retail ■ Ideal Value Add Property ■ Current Cash-On-Cash with Year 1 Principal Reduction is 15.2% « show less
The Baj Team at Sperry Van Ness Imperial Realty is pleased to offer Lawnton Gardens, a 57 unit Multifamily investment property located in Harrisburg,... show more »
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