50 S Queen St, Littlestown, PA 17340

Property Description

8-Unit Multifamily Investment Opportunity | Littlestown, PA Must have proof of financing prior to showings. Excellent opportunity to acquire an 8-unit apartment building in Littlestown with extensive improvements completed throughout the property in 2024. The building offers established rental income, with 4 of the 8 units currently occupied by tenants receiving housing vouchers. The seller reports that 2 additional tenants are currently pursuing housing voucher assistance, subject to approval by the applicable housing authority. Major Property Improvements & Updates: Unit #1: New mini-split heating and cooling system; new kitchen and bathroom flooring Unit #2: New mini-split heating and cooling system; new shower Unit #3: Fresh paint; new baseboard heaters Unit #4: Fresh paint; reglazed bathtub Unit #5: New mini-split heating and cooling system; new front door Unit #6: New mini-split heating and cooling system; new bathroom flooring; new toilet Unit #7: New mini-split heating and cooling system; fresh paint; shiplap in kitchen; new shower; new toilet; new kitchen exhaust fan; new bedroom and bathroom doors; new recessed lighting Unit #8: New baseboard heaters; new toilet; new bathroom and kitchen flooring; new trim; new lighting; new front door Common Area Between Units #6 & #7: New flooring; new drop-in ceiling; baseboard heater with Honeywell automatic thermostat; automatic motion-sensor lighting; new front door Stairwell: Newly painted steps serving the second-floor Units #1 and #2 Exterior: Updated siding and exterior painting Energy Efficiency: Owner-paid electric lighting operates on motion sensors to help reduce unnecessary energy usage Value-Add Opportunity: The existing maintenance/water heater room offers the potential to be converted into a coin-operated laundry area, creating an additional income opportunity for a future owner. The seller estimates the potential for $200+ per month in additional income, subject to feasibility, applicable approvals, installation costs, and market demand. With extensive recent improvements, established rental income, 4 current voucher-supported tenants, potential for additional voucher-supported tenancy, and an opportunity to add laundry income, this property offers investors a solid multifamily asset with potential for continued income optimization. Buyer to independently verify all information, including rents, leases, expenses, utilities, housing voucher participation and payments, renovation history, zoning, and the feasibility and potential income associated with a future laundry conversion.