1609 N Front Street

Description

-----1427-29 N Front Street-----MPM is proud to present the historic Mira Lloyd Dock House located at 1427-1429 N Front St, Harrisburg, PA 17102. The Mira Lloyd Dock House is a three (3) story apartment building consisting of nine (9) units - 7 fully leased and 2 rent-ready - full of original charm. This historic building features original brick and stonework, 2 large front porches, multiple balconies, beautiful hardwood floors, and stunning Susquehanna River views! Located in Midtown, the Mira Lloyd Dock House is within walking distance of Broad Street Market, Midtown Cinema, the Susquehanna Art Museum, the Midtown Scholar Bookstore, and an array of Harrisburg's best bars and restaurants. Amazingly, this property is not in the 100 year flood plain! Environmentalist, educator, and social reformer, Mira Lloyd Dock lived in 1427 N Front St at the turn of the 20th Century, during which she served as a member of the State Forestry Reservation Commission (and as the first woman in a PA government position). Her dedication to civic enhancement helped to launch Harrisburg+GGs City Beautiful movement, transforming a polluted, industrial State Capitol into the beautiful city it is today.This property has significant value add potential. Each unit has modern layouts that support elevated rents with reasonable updates. Three (3) of the studio units (1429 N Front St Unit 1F, Unit 1M, and Unit 1R) would make excellent furnished rental opportunities with riverfront views to capitalize on increased cash flow. MPM has the opportunity to rent parking to support high-end rental operations in the neighborhood.Operating a cash flow property gives you the freedom to restore it to its absolute glory and be an asset to your portfolio and the community. Plus, by creating short term rentals, you are allowing travelers to experience the history and beauty of Harrisburg in a prime location along the riverfront. See attached document for pro forma and annual operating data.-----1609 N Front Street---- Welcome to this exquisite multifamily unit located at 1609 N Front Street. This property offers a unique opportunity for investors and savvy buyers looking to own a piece of history with stunning river views. With five 1-bedroom, 1-bathroom apartments, this historic property is full of charm and potential.Tenants will appreciate the character and uniqueness of a well-preserved historic building. Unlike many properties in the area, parking is conveniently included in the rents. Please note that the property is partially in the 100 year flood plain and will require flood insurance.Currently, rents are below market level, presenting an excellent opportunity for the new owner to increase rental income to match the current market rates. For a comprehensive view of the property's financials, please refer to the attached documents outlining annual income and expenses. Four out of the five units are fully leased, providing immediate and stable rental income. Additionally, one unit is vacant and rent-ready, offering flexibility for the new owner. -----Midtown Property Management----- Both of these amazing properties are efficiently managed by Midtown Property Management, ensuring smooth operations and minimal hassle for the new owner. This package deal is a rare gem, combining historical charm, river views, and excellent rental potential. Own your piece of Harrisburg history today!