438 Grant St - Apartments FOR SALE


Middletown, PA 17057
$565,000 USD
717-819-2825
438 Grant St, Middletown, PA for Sale
$565,000 USD
Apartments - FOR SALE
1/26
null | Request Cap Rate

438 Grant St
Middletown, PA 17057


HIGHLIGHTS

  • Located in rapidly growing Middletown
  • Extremely well maintained 4 Unit
  • All units separately metered for all utilities
  • High Quality Tenant base
  • Full basement for storage

OVERVIEW

Extremely well maintained 4 unit building, offered for sale for the first time. Only one owner has held this property since it was built in 1985. Since then it has received numerous updates throughout the years, and is fully occupied with strong tenants. Each unit is set up like a condo- all utilities are separately metered, with an additional service for the common areas. The property has received newer windows, and the roof is approximately 13 years old. The property has low maintenance vinyl siding and easy-care landscaping. The flooring, cabinets and fixtures have been replaced over owner’s time. The units are all identical, with (2) bedrooms and (1) bathroom. There is laundry hookups in each unit. They have electric baseboard heat, which functions well because of the insulation in the building. Tenants pay separately metered electric and trash, and reimburse Landlord for water/sewer. There is extra land to one side of the building, a nice area for tenants, or possible addition of a garage to rent for storage. Buyer should verify with Borough.

FOR SALE DETAILS

PRICE

$565,000 USD

PRICE/SF

$107 USD /SF

# OF UNITS

4

PRICE/UNIT

$141,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Well-Maintained 4 Unit in Middletown

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

R-2

APN/PARCEL ID

40-004-007

ASK ABOUT THIS PROPERTY

Naomi BrownCapstone CommercialMore Info
717-819-2825

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Naomi BrownCapstone CommercialMore Info
717-819-2825

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