130 Adelia St - Apartments FOR SALE


Middletown, PA 17057
$895,000 USD
717-819-2825
130 Adelia St, Middletown, PA for Sale
$895,000 USD
Apartments - FOR SALE
1/53
null | 6.81% Cap Rate

130 Adelia St
Middletown, PA 17057


HIGHLIGHTS

  • Purpose Built 8 Unit Apartment Building
  • Strong location near Penn State Harrisburg & Employers
  • 5 units have been renovated
  • Over $60K in Capital recent improvements
  • All desirable (2) Bed (1) bath units
  • On site laundry

OVERVIEW

This two building set of purpose built apartments are ideal to attract and retain a strong tenant base. Each unit features (2) bedrooms and (1) bathroom, with comfortable layout. The basement provides a storage space for each unit, and washer/dryer hookups are provided for each unit. The units feature efficient natural gas heat and hot water heaters, many of which have been replaced. Many units have had recent upgrades with new flooring, bathrooms and cabinet refresh. There is generous parking for residents, off a quiet neighborhood street. Units provide strong upside in rent with minimal investment, for a classic value add. The generous .52 acre lot provides space to potentially build garages for additional income (buyers should verify with boro). Additional potential to charge for laundry, storage and pet fees. Landlord pays Water/Sewer. Tenants pay gas, electric and trash. Desirable mix of tenant lease terms for consistent Cash Flow.

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$140 USD /SF

# OF UNITS

8

PRICE/UNIT

$111,875

CAP RATE

6.81%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

R-1 A

APN/PARCEL ID

41-013-001-000-0000

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.