UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type End of Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $90
Subdivision None Available
MLS Listing ID PAMF2053562
Style Traditional
Abv Grd Liv Area 5,000
Annual Tax Amount $4,077
Tax Year 2025
Lot Size 4,287 Sqft
Acres 0.1
Property Sub-Type End of Row/Townhouse
Source BRIGHT
Property Description
170 Valley St provides the immediate income component of the package, with 5 residential units already renovated and occupied. Residential units, along with a large garage are generating $4,790.00 per month. This creates the opportunity for the front building to help carry the property and offset expenses while renovations are completed on the two buildings located behind it.
14 S Spruce St offers an excellent value-add opportunity with the potential to be renovated into a two-unit residential property, one 1 Bedroom unit and one 2 Bedroom unit. This building has a NEW roof and 2 new electrical panels.
12 S Spruce St provides even greater flexibility. The building offers the potential to be repositioned as a rooming house or developed as a mixed-use property featuring a storefront or commercial space on the lower level with residential units above. Its open layout gives an investor the ability to explore several redevelopment strategies depending on their business plan and applicable municipal approvals.
Lewistown continues to offer demand for rental housing, making this an opportunity for an investor looking to create additional units and expand cash flow over time. The ability to generate income from the existing front property while renovating and repositioning the two rear buildings creates a particularly attractive setup for a phased redevelopment strategy.
Whether the goal is traditional apartments, room rentals, mixed-use space, or a combination of strategies, this property package offers multiple paths to create value.
Bring your vision, explore the possibilities, and take advantage of the opportunity to build a larger income-producing property in an area with continued rental demand. Schedule your showing today and see what this unique Lewistown investment could become.
Location
State PA
County Mifflin
Area Lewistown Boro (156010)
Zoning ARMAGH TWP
Rooms
Basement Full
Interior
Hot Water Electric
Heating Forced Air
Cooling Ductless/Mini-Split
Inclusions ALL Appliances
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Foundation Permanent
Above Ground Finished SqFt 5000
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
High Schools Mifflin County High
School District Mifflin County
Others
Tax ID 04 ,02-0100--,000
Ownership Fee Simple
SqFt Source 5000
Acceptable Financing Cash, Bank Portfolio, Conventional, Other
Listing Terms Cash, Bank Portfolio, Conventional, Other
Financing Cash,Bank Portfolio,Conventional,Other
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES