236 W Market St,JONESTOWN, PA 17038
JONESTOWN, PA 17038
Description
Exceptional investment opportunity in the heart of Jonestown! This impressive former warehouse has been thoughtfully transformed into a well-maintained, income-producing mixed-use property featuring 8 residential apartments, 8 storage units, and a full walk-out basement with outstanding potential for future expansion. Whether you're looking to grow your portfolio or add a high-performing asset, this property offers immediate cash flow with room to increase revenue.The residential portion consists of eight spacious apartments, including two 3-bedroom, 2-bath units, four 2-bedroom, 2-bath units, and two 2-bedroom, 1-bath units. Seven of the eight apartments have been beautifully renovated with modern finishes including luxury vinyl plank flooring, custom cabinetry, granite countertops, stainless steel appliances, recessed lighting, and updated kitchens and bathrooms. Apartment 8 presents an excellent value-add opportunity as the only unit awaiting a full renovation.Entire building is equipped with secure keypad entry, a sprinkler system for safety and peace of mind and each unit has it's own furnace and hot water heater. Residents enjoy the convenience of a common-area coin-operated laundry facility, while the property also includes 8 storage units, with two currently leased for additional monthly income. The expansive full walk-out basement offers tremendous potential to create additional storage units, warehouse space, or other income-producing uses, subject to any necessary approvals.The property currently generates $11,700 in gross monthly income. Tenants pay their own heat and electric, keeping operating expenses lower for the owner. The owner is responsible for water, sewer, trash, insurance, real estate taxes, and the common-area electric meter.Ideally located just minutes from Interstate 81, this property provides convenient access to Harrisburg, Lebanon, Hershey, and surrounding employment centers, making it an attractive rental location. With strong existing income, quality renovations, and significant upside potential, this is a rare opportunity to own a turnkey multifamily investment with room for future growth.
Details
| MLS # | PALN2027726 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1950 |
| Days On Site | 90 |
| Listing Provided By | Iron Valley Real Estate | Jocelyn Shay |
Features
| Zoning | 319 |
|---|---|
| Acreage | 0.30 |
Interior
| Cooling | Ductless/Mini-Split, Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air |
Exterior
| Construction Materials | Brick, Stone |
|---|
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 11821 |
|---|
Area Information
| State | PA |
|---|---|
| County | LEBANON PA |
| City | JONESTOWN |
| Zip Code | 17038 |
| Area | Jonestown Boro (13213) |
| School District | NORTHERN LEBANON |
| Listing VS Median (in 17038) | |
Price: $1,300,000 low | high Med: $270,000 On site: 90 low | high Med: 4.5 | |
Market Activity 17038
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Learn More About This Property
| State | PA |
|---|---|
| County | LEBANON PA |
| City | JONESTOWN |
| Zip Code | 17038 |
| Area | Jonestown Boro (13213) |
| School District | NORTHERN LEBANON |
| Listing VS Median (in 17038) | |
Price: $1,300,000 low | high Med: $270,000 On site: 90 low | high Med: 4.5 | |