170 Valley & 2 South Spruce Street

Description

Investor Alert – 3 Properties, 7+ Units, Massive Upside in LewistownMonthly NOI $9433 to $5834 Annual NOI $113,196 to $70,008 Cap Rate once stabilized 23.8% 14.7%Opportunities like this don’t come around often. This unique package includes three adjoining properties offering a mix of stabilized income, value-add potential, and significant upside.170 Valley St – 5 Unit Building (Partially Stabilized)Recently renovated with strong in-place income. Unit mix includes 1 one-bedroom, 2 two-bedrooms, 1 three-bedroom, and 1 four-bedroom unit. Three units are freshly rented. Multiple units have been updated on the interior. Exterior improvements include a new front window and fresh paint, improving curb appeal. Some photos show units mid-renovation, but the finished units show very well.12 S Spruce St – Blank Slate with Strong Upside PotentialLower level features an open layout suitable for commercial or office use. Upper level is open and can be used for storage, apartment conversion, or expansion. There is strong potential to convert this building into a 12-unit rooming house, with high demand driven by the nearby hospital and medical training facilities. Approvals for this type of use are readily attainable, making this a prime repositioning opportunity.14 S Spruce St – 2 Unit Value-Add OpportunityIncludes a 1-bedroom and a 2-bedroom unit. Property requires full renovation and offers the ability to add significant value and increase future cash flow.This portfolio presents multiple strategies for investors: stabilize and hold for cash flow, renovate and increase rents, or reposition for higher-density use. In a market where true deals are hard to find, this is a rare opportunity with scale and upside.Offered at $465,000.