Marcus & Millichap Brokers Sell Multifamily Property For $4.7M In Middletown, PA
SOLD
$4,700,000
Pennsylvania
See Similar DealsMultiFamily980 SF
Sold 05/12/2021
SOLD
Marcus & Millichap Brokers Sell Multifamily Property For $4.7M In Middletown, PA
227 E High St, Middletown, PA, USA
See Similar DealsMultiFamily980 SF
Sold 05/12/2021
Summary
PENNSYLVANIA
Asset Type:MultiFamily
Price Per Square Foot:$4,795
Total Square Footage:980 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$250,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,698.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,280.40
Annual Debt Service$267,364.77
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