All Forum Posts by: Kate Hall

Shannon and Ernest, will do! I'll get you more information. Thanks for reaching out!

Hey Matt, welcome aboard!  I tend to agree with you about the outskirts being abundant with dilapidated and almost too cheap of rental rates to make a return. Central PA as a whole is stable, in my opinion. While you won't get rapid appreciation, the flip side is that it's fairly insulated from trend markets.

I invest in more rural areas outside of Harrisburg. There are a lot of pockets in the area that aren't appreciating, maybe even losing value, but they key is to find the steady ones and invest there. It makes for a great location to invest in mobiles. In those same blue collar, rural areas I've found that you can lease option fixer uppers and have an excellent response. Most people don't mind doing work when they know it will be theirs.

There's money to be made in any market. All the best!

York 2 Unit Near College

              and

Harrisburg Single Family                                                                                  

Fully Rented with Long-term Tenants and Huge CAP rates!

Excellent property manager in place, if needed.

W College Ave., York, PA 17401

Solid 2 unit near the York College and across from the park; fully rented out and needs no repairs. New windows in upstairs apt. last year. 55 minutes from Baltimore.

Huge basement with 8 ceilings, large deck off of 2nd floor and 1 car parking (potential to also rent).

Tenants pay electric, hot water, and gas heat. Separate gas furnaces and electric.

Unit #1: 3-4 bedrooms, 1 bath = $650/month

Unit #2: 1 bed, 1 bath = $550/month

Monthly Rent: $1,200/month

Expenses: $165/month (water, sewer, & trash)

Taxes annually: $2,490

Maintenance: $50

Insurance: $45

Asking: $59,000

NET Monthly Income: $733 (15% CAP rate!)

400 block Crescent St., Harrisburg, PA 17104

Excellent single family home. Tenant would eventually like to buy the home, so takes great care of it. No repairs needed. 3 beds and 1 bath.

Monthly Rent = $550/month

Expenses: $40/month (water, sewer, & trash)

Taxes annually: $932

Insurance: $30

Asking: $24,000

NET Monthly Income: $403 (20% CAP rate!)

*Only 55 Mins from Baltimore, 2 hrs from Philly, and 3 from New York City.

Please message me for more pics and info.

I also have many more rental and flip opportunities that never make it to Bigger Pockets, so please feel free to email me with any interest.

Thanks for checking it out!  

That looks like an awesome flip, Mel. You might want to do this one yourself!

Hey Christa!

I'm in the Harrisburg area. Welcome to the group and let me know if I can help at all! :) I'm a full-time flipper, landlord, and wholesaler.

Happy Investing!

Kate

SOLD.

Thanks for the inquiries!

Hi BPers!

This solid triplex is looking for new landlord!  It's just down the street from York College and the Hospital.

It's currently vacant due to poor management, but this is past rental history:

2 beds 1 bath, first floor: $600

2 beds 1 bath, second floor: $645

1 bed 1 bath, third floor: $400

Total monthly rent: $1,645

One car garage could also be rented.

They are all separated out with gas furnaces and gas hot water heaters in the basement. The hot water heaters are in good shape, and the furnaces are functional, but 2 are fairly old.  There may be some missing copper plumbing and also some missing copper wire in the basement. The roofs are fairly new. You'd want to do your own due diligence.

It needs some cosmetics, for sure, but it has mostly hardwoods and could be rented pretty quickly after cleanup. Asking $25,000.

Thanks for looking!

Hey Andrew,

I have a package of 5 homes in Harrisburg that are fully rented and generating $46,110/year. They rent really well and are all updated with no repairs needed.

They were just appraised for $198,000 and the asking price is $130,000. You can see that that's a fantastic ROI with the income.

Feel free to get in touch if you have any interest.

Thanks!

Kate

Hi Phil,

I definitely will. Look for it soon. I just sold a large, brick Carlisle home, so I'll add you to my list. 

Thanks, Phil!

Kate

Blue Ridge Avenue, Harrisburg, PA 17112.

This house needs some renovations, but is in a great location. 2 bed 1 bath with a nice, large corner lot. Quiet area behind major shopping areas. Great flip or rental!

The house needs new siding, windows, kitchen, bath, landscaping, etc.; however, the roof is new and the hot water heater and electrical are newer. The oil furnace is in good working order, so I'd leave it for a rental, but replace it for a flip.

Super cheap, even for a fixer upper in this area.

The numbers:

ARV: $130,000

Closing costs, realtor's commissions, AND seller's help: $12,000

Fix-up: $40,000

Asking: $47,000

Profit: $31,000

Please email for more details and pictures!