232 Ann St - Apartments FOR SALE


Middletown, PA 17057
$4,950,000 USD
717-979-5619
232 Ann St, Middletown, PA for Sale
$4,950,000 USD
Apartments - FOR SALE
1/2
null | 6.89% Cap Rate

232 Ann St
Middletown, PA 17057


HIGHLIGHTS

  • The property has maintained 100% occupancy since its multifamily conversion in 2009.
  • Leases currently extending through Summer 2027.
  • Existing apartment use in place, minimizing redevelopment risk.
  • Over $200,000 in furniture included in sale.
  • Just 0.3 miles from Middletown Amtrak Station.
  • Less than 1 mile from Penn State Harrisburg.

OVERVIEW

Schoolhouse Lofts presents a straightforward acquisition opportunity with minimal operational lift and durable income characteristics, ideally suited for private capital, family offices, and 1031 exchange investors seeking stable, yield-driven returns.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$206 USD /SF

# OF UNITS

27

PRICE/UNIT

$183,333

CAP RATE

6.89%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Schoolhouse Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

R2

APN/PARCEL ID

40-002-001

ASK ABOUT THIS PROPERTY

Chuck HellerLandmark Commercial RealtyMore Info
717-979-5619

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Chuck HellerLandmark Commercial RealtyMore Info
717-979-5619

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.