27 - 31 Chestnut St , LEWISTOWN, PA 17044
LEWISTOWN, PA 17044
Description
Prime Investment Opportunity: 17-Unit Apartment Building in Lewistown, PAThis 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.
Details
| MLS# | PAMF2051980 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | ACTIVE-BRIGHT |
| Year | 1940 |
| Days On Site | 9 |
| Listing Provided By | Kissinger, Bigatel & Brower | Aaron Burrell |
Features
| Story(s) | 3 |
|---|---|
| Units | 17 |
| Zoning | COMMERCIAL |
| Acreage | 0.22 |
| Water Front | Yes |
Market Activity 17044
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Learn More About This Property
| State | PA |
|---|---|
| County | MIFFLIN PA |
| City | LEWISTOWN |
| Zip Code | 17044 |
| Area | Lewistown Boro (156010) |
| School District | MIFFLIN COUNTY |
| Listing VS Median (In 17044) | |
Price: $725,000 low | high Med: $197,450 On site: 9 low | high Med: 14.500000 | |
