Excellent opportunity to add a stabilized 5-unit multifamily property to your investment portfolio in Lewistown! This property offers an attractive combination of existing rental income, tenant stability, and additional value-add potential. Two of the five units have undergone recent updates and renovations, while two units are occupied by long-term tenants. Four units are currently on annual leases, with the remaining unit on a month-to-month lease, providing a strong existing rental base with flexibility for future ownership.Capital improvements include the replacement of one of the building’s roofs in spring 2026, new treads and reinforcement of the rear exterior stairs and new exterior basement door. While the property is already stabilized, there remains opportunity for an investor to continue improving the asset, enhance operations, and potentially increase its long-term performance.Whether you're looking to expand an existing portfolio or acquire a multi-unit property with income already in place, this is an opportunity to step into an established asset while still having room to add value.5 units. Existing income. Recent improvements. Additional upside. Schedule your showing and explore the potential this Lewistown investment has to offer.THE OWNERS ARE LICENSED REAL ESTATE AGENTS IN THE COMMONWEALTH OF PENNSYLVANIA
Excellent opportunity to add a stabilized 5-unit multifamily property to your investment portfolio in Lewistown! This property offers an attractive combination of existing rental income, tenant stability, and additional value-add potential. Two of the five units have undergone recent updates and renovations, while two units are occupied by long-term tenants. Four units are currently on annual leases, with the remaining unit on a month-to-month lease, providing a strong existing rental base with flexibility for future ownership.Capital improvements include the replacement of one of the building’s roofs in spring 2026, new treads and reinforcement of the rear exterior stairs and new exterior basement door. While the property is already stabilized, there remains opportunity for an investor to continue improving the asset, enhance operations, and potentially increase its long-term performance.Whether you're looking to expand an existing portfolio or acquire a multi-unit property with income already in place, this is an opportunity to step into an established asset while still having room to add value.5 units. Existing income. Recent improvements. Additional upside. Schedule your showing and explore the potential this Lewistown investment has to offer.THE OWNERS ARE LICENSED REAL ESTATE AGENTS IN THE COMMONWEALTH OF PENNSYLVANIA
Neighborhood
Type
Total Baths
County
Mifflin
Area
Lewistown Boro
Tax Amount
$1,161
Status
Active
Listing #
PAMF2053598
Built
1940
Lot Size
0.13
Listed on site
1 day
Listing Agent Id
1700003452004