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… Read More 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 11.56%, and Cash on Cash Return of 19.91%, 5-Year Investment Rate of Return (5% Appreciation) - 31.72%!! 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! Read Less
Courtesy of Elisabeth P. Hamberger, Keller Williams Keystone Realty 717-755-5599
Listing Snapshot
Days Online
77
Last Updated
Property Type
Mixed Use
Square Ft.
3,186
Lot Size
0.02 Acres
Year Built
1900
MLS Number
PADA2049614
Additional Details
Building
Built in 1900, Built in 2025 (effective), 3 stories, Entry level: 1, Construction Materials: Stick Built
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