3 Shaw AveLewistown, PA 17044
- Garden apartment buildings
- 6,906 SF
Property Details for 3 Shaw Ave
- Lot size
- 0.20 AC
- Property size (Sq ft)
- 6,906 SF
- Property type
- Garden apartment buildings
- APN
- 04 ,02-0428--,000
- APU
- 4020428000
Description
This exceptional investment opportunity presents a seven-unit multi-family property ideally situated in the heart of Lewistown, Pennsylvania. Located within easy walking distance of the downtown area and local shops, this property offers unparalleled convenience and accessibility. The building has undergone renovations, ensuring a high-quality living experience for tenants. The unit mix comprises three three-bedroom, one-bathroom units and four one-bedroom, one-bathroom units. Six of the seven units are currently under yearly leases, providing immediate and consistent rental income. This translates to a strong, established cash flow, making this an attractive proposition for discerning investors seeking a stable and profitable addition to their portfolio. The property sits on a 0.2-acre lot. All measurements are approximate. This is a turnkey investment ready for immediate income generation. The prime location and renovated condition make this a rare find in the Lewistown market. Serious inquiries only. A 24-hour notice is required for showings. Don't miss this chance to acquire a valuable asset in a thriving community. This property is priced at $349,900.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,734,405
- 6.5%
- $1,600,989
- 7%
- $1,486,633
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,070,462
- Geo Method
- $673,408
-
Alternative Use
- Use
- Valuation
- Residential
- $1,600,989
- Hospitality
- $1,466,498
- Educational
- $1,220,109
- Medical
- $1,262,070
- Retail
- $1,897,947
Location Insight
- City
- Lewistown
- County
- Mifflin
- State
- Pennsylvania
- Latitude
- 40.601
- Longitude
- -77.5685
- CBSA code
- 30380
- CBSA name
- LEWISTOWN, PA MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
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