14 Kenneth Ave | Shippensburg, PA 17257
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- LoopNet Team
14 Kenneth Ave
Shippensburg, PA 17257
Madison Court · Multifamily Property For Sale · 84 Units
Investment Highlights
- Luxury off-campus student housing community with strong, stable cash flow strategically located just a half-mile to Shippensburg University.
- Comprised of seven buildings containing a total of 84 units with 309 beds on two parcels totaling 7.64 acres with private surface parking.
- Well-managed and maintained with guaranteed rental income and historically strong rental demand (95% historical occupancy).
- Student-exclusive community amenities include complimentary and community-wide Wi-Fi and HD cables and an on-site leasing office.
- Variety of fully furnished apartments with spacious three-, four-, and five-bedroom layouts as well as pet-friendly units with an additional fee.
- Strategically located walking distance from Shippensburg University with over 5,000 full-time students enrolled.
PROPERTY FACTS
| No. Units | 84 | Construction Status | Under Renovation |
| Property Type | Multifamily | Building Size | 100,766 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Garden | No. Stories | 3 |
| Building Class | B | Year Built/Renovated | 2008/2025 |
| Lot Size | 7.64 AC |
| No. Units | 84 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 7.64 AC |
| Construction Status | Under Renovation |
| Building Size | 100,766 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 2008/2025 |
Unit Amenities
- Fireplace
- Washer/Dryer
- Kitchen
- Granite Countertops
- Refrigerator
- Satellite TV
- Oven
- Range
Site Amenities
- 24 Hour Access
- Picnic Area
- Furnished Units Available
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $5,596,800 | |
| Land Assessment | $703,200 | Total Assessment | $6,300,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$703,200
Improvements Assessment
$5,596,800
Total Assessment
$6,300,000
zoning
| Zoning Code | MU |
| MU |
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