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. Income Breakdown: Commercial Unit: $1,195/mo, 1BR/1BA Apartment: $1,070/mo (currently leased month to month - higher market rent potential), (2) 2BR/1BA Apartments: $1,495/mo each. - Total Monthly Gross Rent: $5,255 Annual Gross Income: $63,060 WOW!! CAP Rate of 13.15%, and Cash on Cash Return of 25.6%, 5-Year Investment Rate of Return (5% Appreciation) - 36.86%!! 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!
For sale
Price increase: $397.4K (11/17)
$399,000
219 S Union St, Middletown, PA 17057
5beds
4baths
3,186sqft
Est.:
Townhouse
Built in 1900
-- sqft lot
$-- Zestimate®
$125/sqft
$-- HOA
What's special
Private rear balconiesOrnate detailsHigh ceilingsExposed brick
- 63 days |
- 587 |
- 27 |
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