50 S QUEEN ST Littlestown, PA 17340
3,485 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAAD2025706
Year Built 1900
Annual Tax Amount $2,834
Tax Year 2026
Lot Size 3,485 Sqft
Acres 0.08
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
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.
Location
State PA
County Adams
Area Littlestown Boro (14327)
Zoning TCMU
Interior
Hot Water Natural Gas
Heating Baseboard - Electric, Other
Cooling Ductless/Mini-Split, Window Unit(s)
Heat Source Electric
Exterior
Garage Spaces 4.0
Utilities Available Natural Gas Available
Water Access N
View Street
Roof Type Metal,Shingle
Street Surface Black Top
Accessibility None
Road Frontage Boro/Township
Total Parking Spaces 4
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Littlestown Area
Others
Tax ID 27008-0305---000
Ownership Fee Simple
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES