BEDS0
BATHS
MLS#PADA2049614
STATUSACTIVE UNDER CONTRACT
PROPERTY TYPECommercial -
SCHOOLMIDDLETOWN AREA
Property Description
Investor Alert! High Cash Flow + Strong ROI - 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. Projected Income Breakdown: Commercial Unit: $1,195/mo, 1BR/1BA Apartment: $1,195/mo, (2) 2BR/1BA Apartments: $1,495/mo each. - Total Monthly Gross Rent: $5,255 Annual Gross Income: $63,060 WOW!! CAP Rate of 11.56%, and Cash on Cash Return of 19.91%, 5-Year Investment Rate of Return (5% Appreciation) - 31.72%!! MASSIVE 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. Don’t miss this rare, high-yield investment opportunity in thriving downtown Middletown!
Property Features
Property Type: Commercial -
Cooling: Central A/C, Heat Pump(s), Other
Fuel Type: Natural Gas, Electric
Heating: Forced Air, Baseboard - Electric
Lot Size: 0.02 Acres
Taxes: $3,179
Year Built: 1900
Feature Descriptions
Accessibility: 2+ Access Exits
Exterior: Stick Built
Lot Dimensions: 0.02 Acre(S)
Municipality: MIDDLETOWN BORO
Sewer: Public Sewer
Total Garage/Parking Spaces: 0
Units: 4
Water: Public
Local Schools
High School: MIDDLETOWN AREA HIGH SCHOOL
Middle School: MIDDLETOWN AREA
School District: MIDDLETOWN AREA
Listed By / Shown By
Listed By
Agency Name: Keller Williams Keystone Realty
Agency Phone: 7177555599
Shown By
Agent Name: Elizabeth Knouse Foote Team
Agent Phone: (717) 554-9394
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First American
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
219 S Union Street | MLS# PADA2049614
This commercial property located at 219 S Union Street, Middletown, PA 17057 is currently listed for sale with an asking price of $399,000. S Union Street is located within the MIDDLETOWN AREA school district. Search Middletown real estate on www.knouseteam.com today.