Listing Agency: EXP Realty, LLC m***@gmail.com Show Phone

Listed By: MARC NESPOLI · License #RS336155 Show Phone

Source: Exprealty

Added: Jan 26 Changed: Aug 21 Last Checked: Aug 23 at 6:16AM

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Investment Insights

Based on property information with market context.

This property presents an investment opportunity featuring a fully operational ice cream shop, Max's Ice Cream, along with four remodeled apartments. The ice cream shop is currently owner-occupied, with a potential market rent of approximately $1,400 per month. Each of the four residential units includes 3 bedrooms and in-unit washer/dryers. Two units in the original structure have 1 bathroom each, while the newer addition includes two first-floor, handicap-accessible units, each with 2 bathrooms. The monthly residential rental income is as follows: Unit 1 generates $950, Unit 2 generates $875, Unit 3 generates $975, and Unit 4 generates $1,200. The total gross monthly rent, including the commercial space, is $5,400. Tenants utilize electric heat and are responsible for all utilities except garbage and sewer. The sale includes Max's Ice Cream and all associated equipment. This property is suitable for expanding a real estate portfolio or running a business.

Key Highlights

• Established and Fully Operational Ice Cream Shop (Max's Ice Cream) Included in Sale: Provides immediate business opportunity and income.
• Four Fully Remodeled Apartments: Offer substantial and diversified rental income stream.
• Strong Cash Flow: Combined commercial and residential rents generate significant monthly income.

Property Analytics

Property Profile

Current Use

Max's Ice Cream ... Grocery & Convenience Store

Suggested Use

Top Pick Parking Lot & Garage Storage Facility Furniture & Home Goods Dental Office (Bike/Boat/Book/etc) Store Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

73

Businesses Nearby

Explore this area Business Placement

Demographics for 18631, PA

1,122

Population

555

Households

2

Avg Household Size

46

Median Age

29%

College-Educated

98%

High-School Grad

1.4 sq mi

ZIP Area

801

Density / Sq Mi

$49,643

Median Household Income

$41,957

Median Earnings

$990

Median Rent

$214,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Profitable ice cream shop with four remodeled apartments for sale.

Where is this apartment building located?

The property is located at 202 W 3rd St Mifflinville, PA.

What is the asking price?

The asking price for this property is $655,000.

What are key features of this property?

This property features: Established and Fully Operational Ice Cream Shop (Max's Ice Cream) Included in Sale: Provides immediate business opportunity and income.; Four Fully Remodeled Apartments: Offer substantial and diversified rental income stream.; Strong Cash Flow: Combined commercial and residential rents generate significant monthly income.