Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1900
Sq.Footage
N/A
Investor Alert! High Cash Flow + Strong ROI + $10,000 Seller Assist! Welcome to 219 South Union Street in Middletown - a fully improved mixed-use, multi-unit property offering impressive income and strong long-term upside! Featuring 1 commercial unit and 3 residential apartments, all separately metered and recently updated, this is a turn-key investment opportunity in a desirable downtown location. Income Breakdown: Commercial Unit: $1,295/mo, 1BR/1BA Apartment: $1,070/mo (currently leased month to month - higher market rent potential), (2) 2BR/1BA Apartments: $1,595/mo each. - Total Monthly Gross Rent: $5,555 Annual Gross Income: $66,660 WOW!! CAP Rate of 14.1%, and Cash on Cash Return of 30%, 5-Year Projected Equity Growth (4% Appreciation) - $97,000!! 100% Depreciation Benefit!! This property combines commercial stability with residential demand and future appreciation off the charts. Tenants pay their own electric, minimizing owner expenses. The building features high ceilings, exposed brick, ornate details, and private rear balconies for each apartment. Seller now offering $10,000 toward Buyer’s closing costs! Don’t miss this rare, high-yield investment opportunity in thriving downtown Middletown!
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Heat Pump, Other, Electric
-
Heating YN
YES
-
Heating
Electric, Natural Gas, Forced Air, Baseboard
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
On Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.02
-
Property Type
Commercial Sale
-
Property Sub Type
Mixed Use
Price
-
Sales Price
$450,000
-
Tax Amount
3179.0
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
MIDDLETOWN AREA
-
High School
MIDDLETOWN AREA HIGH SCHOOL
Property Features
-
Stories
3
-
Foundation Details
Stone
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
DAUPHIN
Elementary School
Middle School
MIDDLETOWN AREA
High School
MIDDLETOWN AREA HIGH SCHOOL
Listing Courtesy of Elisabeth P. Hamberger , Keller Williams Keystone Realty
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Broker | Owner
ChristyIssler
Call Christy today to schedule a private showing.
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