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Property profile & analytics
OFF-MARKET
Commercial real estate

0 Pacific Ave Reedsville, PA 17063

Built 9999
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 9999
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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