Updated Nov 15, 2023
The Kislak Company Sells Arbor Manor Apartments And Storage In Duncannon, Perry County, Pennsylvania For $2.95M
158 Old Trail Road
$2,950,000
Units
2,950,000
Asset Type
MultiFamily
Closing
May 2, 2023
About this deal
AI
The Kislak Company, Inc has announced the sale of Arbor Manor Apartments and Storage, located at 158 Old Trail Road in Duncannon, Perry County, Pennsylvania. The property, built in 1980, consists of 31 residential units and 47 storage units on 5.5 acres of land. The two-bedroom townhomes feature amenities such as in-unit washer/dryers and renovated flooring. Situated near the Appalachian Trail and the Susquehanna River, the property offers value-add potential through rent increases. The sale price for Arbor Manor Apartments and Storage was $2,950,000.
Summary of transaction details
- Property Type: Multifamily & Storage Facility
- Transaction Amount: $2,950,000
- Address: 158 Old Trail Road, Duncannon, Perry County, Pennsylvania
- Market: Duncannon, Perry County, Pennsylvania
- Acres: 5.5
- Units: 78
- Price per Unit: $37,821
Matt Wolf from The Kislak Company, Inc represented the seller and facilitated the sale of Arbor Manor Apartments and Storage in Duncannon, Perry County, Pennsylvania.
Players
Duncannon MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.38%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93