SOLDMultiFamily
Marcus & Millichap Brokers Sell Multifamily Property For $4.7M In Middletown, PA
227 E High St, Middletown, PA, USA
$4,700,000
$4,795/SF
Building Size
980 SF
Asset Type
MultiFamily
Closing
May 11, 2021
AI
A multifamily property located at 227 E High St in Middletown, PA has been sold for a total price of $4,700,000. The transaction took place on 05/12/2021.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $4,700,000
- Address: 227 E High St, Middletown, PA
- Market: Middletown, PA
- Units: 30
- Price Per Unit (PPU): $156,666
The sale of this multifamily property was facilitated by Craig Dunkle and Mher Vartanian of Marcus & Millichap.
Players
Middletown MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93