2 Morningstar Ln | Shippensburg, PA 17257
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- LoopNet Team
2 Morningstar Ln
Shippensburg, PA 17257
Creekside Court · Multifamily Property For Sale · 120 Units
Investment Highlights
- Newer Construction Apartments - Built in 2009
- Currently Under New Management
- (24% Below Market Rents – 10% Below Market Vacancy – Significant Upside Potential)
- 120 Units with 480 Beds
- Low Market Rents - Value-Add Upside
- Ideally Located - Within Walking Distance To Campus
PROPERTY FACTS
| No. Units | 120 | Building Size | 158,000 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 2009 |
| Building Class | B | Parking Ratio | 2.78/1,000 SF |
| Lot Size | 12.57 AC |
| No. Units | 120 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 12.57 AC |
| Building Size | 158,000 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built | 2009 |
| Parking Ratio | 2.78/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Double Vanities
- Kitchen
- Refrigerator
- Satellite TV
- Oven
- Wi-Fi
Site Amenities
- Clubhouse
- Property Manager on Site
- Furnished Units Available
- Grill
- Shuttle to Train
- Renters Insurance Program
- Wi-Fi
- Community-Wide WiFi
- Maintenance on site
- Online Services
- Public Transportation
- Roommate Matching
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 120 | - | - |
PROPERTY TAXES
| Parcel Number | 36-33-1865-001B | Improvements Assessment | $6,282,000 |
| Land Assessment | $910,500 | Total Assessment | $7,192,500 |
PROPERTY TAXES
Parcel Number
36-33-1865-001B
Land Assessment
$910,500
Improvements Assessment
$6,282,000
Total Assessment
$7,192,500
zoning
| Zoning Code | MU |
| MU |
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