0 Pacific Ave Reedsville, PA 17063
This exceptional 19.24-acre land parcel in Milroy, Pennsylvania, presents a unique investment opportunity. Located on Pacific Avenue in Mifflin County (zip code 17063), this property is part of the Shalamar Gardens Land Development Plan in Armagh Township. The plan encompasses the subdivision of the land into 138 individual lots, creating a new residential community. Currently under construction are ten and a half duplex units, each boasting three bedrooms, two bathrooms, a rear patio, and a garage. These units are described as very nicely constructed. The development includes planned roadways, utilities, and stormwater management facilities. Roadways will be dedicated to the township, while a homeowners association will maintain the stormwater management facilities post-development. Access to the site is via Hill Street in Milroy. The final acreage conveyed will depend on the number of units purchased. The asking price for this substantial land holding, inclusive of the ten and a half duplex units under construction, is $2,109,000. This represents a significant opportunity to acquire a substantial portion of a thriving new residential development.
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
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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.