871 Sqft Lot
871 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PADA2049614
Year Built 1900
Annual Tax Amount $3,179
Tax Year 2025
Lot Size 871 Sqft
Acres 0.02
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
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!
Location
State PA
County Dauphin
Area Middletown Boro (14040)
Zoning RESIDENTIAL
Interior
Hot Water Electric
Heating Forced Air, Baseboard - Electric
Cooling Central A/C, Heat Pump(s), Other
Heat Source Natural Gas, Electric
Exterior
Water Access N
Accessibility 2+ Access Exits
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
Middle Schools Middletown Area
High Schools Middletown Area High School
School District Middletown Area
Others
Tax ID 41-017-052-000-0000
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Bank Portfolio, Installment Sale, Seller Financing
Listing Terms Cash, Conventional, Bank Portfolio, Installment Sale, Seller Financing
Financing Cash,Conventional,Bank Portfolio,Installment Sale,Seller Financing
Special Listing Condition Standard
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