Property Description

This unique investment opportunity offers a combination of existing rental income and substantial redevelopment potential across three adjoining properties in Lewistown with nursing schools and hospitals in the area to drive demand. 170 Valley St provides the immediate income component of the package, with 5 residential units already renovated and occupied. Residential units, along with a large garage are generating $4,790.00 per month. This creates the opportunity for the front building to help carry the property and offset expenses while renovations are completed on the two buildings located behind it. 14 S Spruce St offers an excellent value-add opportunity with the potential to be renovated into a two-unit residential property, one 1 Bedroom unit and one 2 Bedroom unit. This building has a NEW roof and 2 new electrical panels. 12 S Spruce St provides even greater flexibility. The building offers the potential to be repositioned as a rooming house or developed as a mixed-use property featuring a storefront or commercial space on the lower level with residential units above. Its open layout gives an investor the ability to explore several redevelopment strategies depending on their business plan and applicable municipal approvals. Lewistown continues to offer demand for rental housing, making this an opportunity for an investor looking to create additional units and expand cash flow over time. The ability to generate income from the existing front property while renovating and repositioning the two rear buildings creates a particularly attractive setup for a phased redevelopment strategy. Whether the goal is traditional apartments, room rentals, mixed-use space, or a combination of strategies, this property package offers multiple paths to create value. Bring your vision, explore the possibilities, and take advantage of the opportunity to build a larger income-producing property in an area with continued rental demand. Schedule your showing today and see what this unique Lewistown investment could become.