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- LoopNet Team
227 E High St
Middletown, PA 17057
Oak Grove Apartments · Multifamily Property For Sale
·
30 Units
INVESTMENT HIGHLIGHTS
- Newly Constructed and Fully Stabilized 30 Unit Apartment Building
- Home to Penn State Harrisburg University
- Local Submarket Vacancy is 3.3%
- Ideally Located in Middletown PA
- Close Proximity to the local parks and other attractions
- Achievable - 10% increase in rents
PROPERTY FACTS
| No. Units | 30 | Lot Size | 1.74 AC |
| Property Type | Multifamily | Building Size | 29,400 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Garden | No. Stories | 3 |
| Building Class | B | Year Built/Renovated | 2010/2019 |
| Zoning | Residential - Apartments | ||
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.74 AC |
| Building Size | 29,400 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 2010/2019 |
| Zoning | Residential - Apartments |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Granite Countertops
- Vaulted Ceiling
- Refrigerator
- Sprinkler System
- Stainless Steel Appliances
- Range
- Carpet
SITE AMENITIES
- Trash Pickup - Door to Door
ABOUT 227 E HIGH ST , MIDDLETOWN, PA 17057
Marcus and Millichap is proud to present to Qualified Investors the opportunity to acquire: Oak Grove Commons. Located at: 227 E. High Street, Middletown, PA. The subject offering is a newly constructed & fully stabilized 30 unit Class A apartment building - located in Downtown Middletown, PA. The property totals Five (5) - Six (6) Unit garden style luxury apartments - all masterfully constructed by a regional high-end development company. The buildings are all fully sprinklered. The property lot size is 1.74 Acres and the total building GBA is 30,000SF. This newer constructed apartment complex consists of all 2 bedroom/2 full bath units. (Each unit is approximately 980 SF) The units are exceptionally constructed and maintained. All units include - central HVAC systems, granite countertops, washer, dryers, stainless steel appliances, (dishwasher, refrigerator) and microwave. The subject property is located In the heart of Middletown proper, the property is ideally located within a quite neighborhood close to shopping, other major amenities, including the newly proposed Multi-Million Dollar Middletown Amtrak Train Station, and Penn State Harrisburg. (Penn States Largest and Fasting Growing Satellite Campus
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 30 | $1,105 | 980 |
PROPERTY TAXES
| Parcel Number | 42-023-008 | Improvements Assessment | $883,700 |
| Land Assessment | $147,900 | Total Assessment | $1,031,600 |
PROPERTY TAXES
