MLS#PAMF2053270
STATUSACTIVE
PROPERTY TYPECommercial -
SCHOOLMIFFLIN COUNTY
Property Description
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.
Property Features
Property Type: Commercial -
Cooling: Central A/C
Fuel Type: Electric
Heating: Heat Pump(s)
Lot Size: 0.10 Acres
Taxes: $0
Year Built: 1930
Feature Descriptions
Days on Site: 6
Exterior: Brick
Lot Dimensions: 0.10 Acre(S)
Municipality: LEWISTOWN BORO
Sewer: Public Sewer
Total Garage/Parking Spaces: 0
Water: Public
Local Schools
High School: MIFFLIN COUNTY HIGH
School District: MIFFLIN COUNTY
Listed By / Shown By
Listed By
Agency Name: Keller Williams of Central PA
Agency Phone: 7177614300
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
170 Valley & 2 South Spruce Street | MLS# PAMF2053270
This commercial property located at 170 Valley & 2 South Spruce Street , Lewistown, PA 17044 is currently listed for sale with an asking price of $465,000. Valley & 2 South Spruce Street is located within the MIFFLIN COUNTY school district. Search Lewistown real estate on www.realtymarkllc.com today.