Milroy Units 25 On Pacific Ave Reedsville, PA 17063
This exceptional 19.24-acre land parcel in Milroy, Pennsylvania, presents a unique investment opportunity. Located in Armagh Township, Mifflin County, and accessible from Hill Street, this property is zoned for residential development and encompasses the Shalamar Gardens Land Development Plan. The plan includes the creation of 138 individual residential lots, complete with associated roadways, utilities, and stormwater management facilities. Roadways will be dedicated to the township, while a homeowners association will maintain stormwater facilities post-development. The current development includes 15 fully rented units and 10 units under construction. Additionally, 16 and a half duplex pad sites are fully developed and ready for building, with an additional 80 approved half-duplex pads awaiting development. The final acreage may vary slightly depending on the number of units purchased. This property offers significant potential for residential growth in a desirable location. The property's address is On Pacific Avenue, Milroy, PA 17063. The asking price is $6,269,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.