15,091 SqFt
15,091 SqFt
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 15,091 sqft
Price per Sqft $48
MLS Listing ID PAMF2051980
Originating Board BRIGHT
Year Built 1940
Available Date 2025-04-16
Annual Tax Amount $10,975
Tax Year 2024
Lot Size 9,583 Sqft
Acres 0.22
Lot Dimensions 0.00 x 0.00
Property Sub-Type Five Or More Units
Property Description
This fully updated 17-unit apartment building offers over 15,000 square feet of income-generating space in the heart of Lewistown, PA. The property includes a versatile mix of 1, 2, and 3-bedroom units designed to meet diverse tenant needs, along with a 5,000+ square foot attached garage featuring 17 dedicated parking spaces and ample storage potential. Two on-site laundry rooms enhance tenant convenience while generating additional income.
The property has undergone several upgrades to maximize value and appeal. Two units have been converted into spacious 3-bedroom apartments, boosting rental income, while a 17th unit was added at street level for additional revenue. Energy-efficient LED lighting has been installed throughout the common areas, and new entrance doors with advanced access control systems enhance security and convenience for tenants. A remote-access camera system ensures superior safety, and several units have been updated with refreshed kitchens, bathrooms, and flooring, making them fully functional and rent-ready.
With future potential to convert the garage into rentable storage units, add tenant amenities, or add an 18th unit, this property offers room for growth and increased revenue. Located in a high-demand rental market, this turnkey investment provides immediate cash flow and long-term potential, making it an exceptional opportunity for both seasoned investors and those looking to diversify their portfolios.
Location
State PA
County Mifflin
Area Lewistown Boro (156010)
Zoning COMMERCIAL
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Inclusions Fridge/Range in each unit, Camera System, 2 Washers/2 Dryers
Heat Source Electric
Exterior
Garage Spaces 17.0
Water Access N
Roof Type Metal,Rubber
Accessibility None
Total Parking Spaces 17
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Mifflin County
Others
Tax ID 04 ,02-0252--,000
Ownership Fee Simple
SqFt Source Assessor
Security Features Fire Detection System,Main Entrance Lock,Smoke Detector,Surveillance Sys
Acceptable Financing Bank Portfolio, Cash, Conventional, Other
Listing Terms Bank Portfolio, Cash, Conventional, Other
Financing Bank Portfolio,Cash,Conventional,Other
Special Listing Condition Standard
