Investor Alert – 3 Properties, 7+ Units, Massive Upside in Lewistown Monthly NOI $9433 to $5834 Annual NOI $113,196 to $70,008 Cap Rate once stabilized 23.8% 14.7% Opportunities like this don’t come around often. This unique package includes three adjoining properties offering a mix of stabilized income, value-add potential, and significant upside. 170 Valley St – 5 Unit Building (Partially Stabilized) Recently renovated with strong in-place income. Unit mix includes 1 one-bedroom, 2 two-bedrooms, 1 three-bedroom, and 1 four-bedroom unit. Three units are freshly rented. Multiple units have been updated on the interior. Exterior improvements include a new front window and fresh paint, improving curb appeal. Some photos show units mid-renovation, but the finished units show very well. 12 S Spruce St – Blank Slate with Strong Upside Potential Lower level features an open layout suitable for commercial or office use. Upper level is open and can be used for storage, apartment conversion, or expansion. There is strong potential to convert this building into a 12-unit rooming house, with high demand driven by the nearby hospital and medical training facilities. Approvals for this type of use are readily attainable, making this a prime repositioning opportunity. 14 S Spruce St – 2 Unit Value-Add Opportunity Includes a 1-bedroom and a 2-bedroom unit. Property requires full renovation and offers the ability to add significant value and increase future cash flow. This portfolio presents multiple strategies for investors: stabilize and hold for cash flow, renovate and increase rents, or reposition for higher-density use. In a market where true deals are hard to find, this is a rare opportunity with scale and upside. Offered at $465,000.
110 days
|
516
|
2
|
Zillow last checked:
Listing updated:
Listed by:
Judah Hoover717-330-6648,
Keller Williams of Central PA7177614300,
Listing Team: Hoover Lynam And Associates
Source: Bright MLS,MLS#: PAMF2052922
Loading...
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 8
Basement
Area: 0
Heating
Forced Air, Electric
Cooling
Central Air, Electric
Appliances
Included: Electric Water Heater
Features
Has fireplace: No
Interior area
Total structure area: 0
Property
Parking
Parking features: On Street
Has uncovered spaces: Yes
Accessibility
Accessibility features: None
Features
Pool features: None
Lot
Size: 4,287 Square Feet
Dimensions: Area 397 meters2, 4278 feet2 0.10 acres 0.000 miles2 0.000 km2 Perimeter 76.2 meters , 250.0 feet 0.047 miles 0.076 km
Explore the cost of this home by adjusting the details. Changes won't be saved.
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.