0 Pacific Ave Reedsville, PA 17063
This exceptional 33-unit multifamily property in Milroy, Pennsylvania, presents a compelling investment opportunity. Located on Pacific Avenue in Mifflin County (APN 12-05-0103-000), this complex offers a blend of existing and new construction. Sixteen units, recently completed, are fully rented with strong, reliable tenants generating immediate income. The remaining seventeen units are currently under construction, boasting modern features including walk-in showers in master bathrooms and granite countertops throughout. All units include stainless steel appliances. The development, known as Shalamar Gardens, is part of a larger residential housing project in Armagh Township, featuring dedicated roadways and utility infrastructure. A homeowners association will maintain the stormwater management facilities post-completion. The property's desirable location, combined with its proximity to State College and scenic views, makes it an attractive investment prospect with significant potential for future growth and strong rental demand. The property's convenient access via Hill Street in Milroy adds to its appeal. This is a rare chance to acquire a well-positioned multifamily asset with a mix of established income and future development potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.