0 Pacific AveReedsville, PA 17084

Exceptional investment opportunity in Milroy, Pennsylvania. This 19.24-acre parcel, located on Pacific Avenue in Mifflin County (zip code 17084), presents a unique blend of land and income-producing assets. The property includes fifteen fully rented half-duplex residential units, some featuring garages and basements. These units boast a strong rental history and are well-constructed. The land is part of the Shalamar Gardens Land Development Plan, situated in Armagh Township, with access from Hill Street. The plan encompasses the subdivision of the 19.24-acre parcel into 138 individual lots, designed to create new residential housing. The development includes planned roadways, utilities, and stormwater management facilities. Roadways will be dedicated to the township, and a homeowners association will maintain the stormwater management systems post-development. The acreage transferred to the new buyer is contingent upon the number of units purchased. This offering presents a compelling opportunity to acquire both established rental income and significant future development potential. The asking price is $2,960,000.