Fix and Flip Profit Potential Estimate:
- ARV (After Repair Value: $157,000 conservative
- Purchase Price: $50,000
- Repair Estimate: $45,000-$55,000
- Closing and Carrying Costs (10%): $15,700
- Profit Potential: $36,000 – $46,000
Highlights:
- Large rear deck
- Currently has an above ground pool that needs repair/liner
- Starter home
Photos Link:
*GIS Map and Floor Plans Included
https://photos.app.goo.gl/QycTpYhkdNFzSPQp7
🔧 Repair Estimate
Total Estimated Repair Range: $45,000-$55,000
https://docs.google.com/spreadsheets/d/1k-rGvjP9TeH-naL8s9W1XV-wSjfi55AoFHqGE1rOLOc/edit?usp=sharing
Property Details:
- Beds: 3
- Baths: 2
- Square Footage: 1056 SF
- Lot Size:0.17 acre
- Year Built: 1930
- Zoning: Residential
- Stories: 2
- Heat: Gas furnace, last serviced 2 years ago, furnace is older but works
- Electric: 100 amp service
- Plumbing: Copper, Castiron, PVC
- Water: Public
- Sewer: Public
- Roof: Sub 20 years old, no issues or leaks
- Foundation: Stone, no issues identified, basement is currently flooded due to sump clog
- Windows: Vinyl, exact age unknown, no known issues
- Water Heater: Electric, in working order but may need replaced due to water in basement
- Garage: None
- Features: Deck on 2nd floor, pool that needs new liner, rear deck
- Flooring: Needs all new flooring
- Flood Zone: No
- Mold Noted: No
- Water Damage: No
- Water in Basement: Yes due to drain being clogged and washer repeatedly leaking and tenant never notified owner or addressed the issue
- Taxes: $1080/yr
Comparable Sales/CMA:
*we recommend any potential investor do their own due diligence and use these as a point of reference only
ARV (After Repair Value) Comps:
https://www.zillow.com/homedetails/23-Oakland-Ave-Lewistown-PA-17044/114736717_zpid/
2 bed, 1 bath, 864 sqft, 0.12 acre lot, 0.1 miles from subject property
Sold for $139,000 on 07/31/2024, DOM (days on market): 5
PPSF (Price Per Square Foot): $161
_______________
https://www.zillow.com/homedetails/22-W-Spanogle-Ave-Lewistown-PA-17044/230473446_zpid/
3 bed, 1.5 bath, 1144sqft, 0.11 acre lot, 0.3 miles from subject property
Sold for $144,000 on 04/02/2025 DOM (days on market): 58
PPSF (Price Per Square Foot): $126
_______________
https://www.zillow.com/homedetails/63-Spanogle-Ave-Lewistown-PA-17044/114736789_zpid/
3 bed, 1 bath, 840 sqft, 0.18 acre lot, 0.5 miles from subject property
Sold for $135,000 on 11/26/2024, DOM (days on market): 6
PPSF (Price Per Square Foot): $161
ARV (After Repair Value) Estimate:
Average PPSF: $149.3
Subject Property Sqft: 1056
ARV Estimate: $157,000
As-Is Value Comps:
https://www.zillow.com/homedetails/22-Rosemont-Ave-Lewistown-PA-17044/114736754_zpid/
2 bed, 1 bath, 1168 sqft, 0.18 acre lot, 0.2 miles from subject property
Sold for $65,000 on 05/14/2024, DOM (days on market): 2
PPSF (Price Per Square Foot): $56
_______________
As-Is Value
Average PPSF: 56
Subject Property Sqft: 1056
As-Is Estimate: $59,000
Town Overview:
Lewistown, Pennsylvania, is a historic town in Mifflin County nestled along the Juniata River, offering a blend of small-town charm and natural beauty. It features a revitalized downtown, affordable housing, and access to outdoor recreation like Kish Park and nearby state forests. With a rich industrial past and growing community events, Lewistown appeals to families, retirees, and those seeking a quieter lifestyle.
- Economic/Jobs: Lewistown, Pennsylvania’s economy is primarily driven by the health care and social assistance sector (22.3%), manufacturing (22.5%), and accommodation and food services (8.9%), with significant employment also in retail trade and construction. The most common occupations among residents include office and administrative support, production, and healthcare support roles. The area anticipates a future job growth of 20.7% over the next decade. (Data USA, BestPlaces)
- Education: Lewistown, Pennsylvania, is served by the Mifflin County School District, which includes multiple elementary, intermediate, middle, junior high, and high schools. Post-secondary education options in the area include the Mifflin County Academy of Science and Technology, a vocational-technical school offering programs in fields such as health professions, construction, and culinary arts, and the Geisinger-Lewistown Hospital School of Nursing, which provides a two-year diploma in professional nursing.
- Lifestyle & Amenities: Lewistown, Pennsylvania, offers a tranquil small-town lifestyle characterized by affordability and community engagement. The cost of living is approximately 13% lower than the national average, with housing costs about 53% below the national norm, making it attractive for families and retirees . Residents enjoy outdoor amenities such as Kish Park and Rec Park, providing spaces for recreation and community events. Community activities like the annual Festival of Ice and various local gatherings foster a strong sense of local engagement .(Best Places, juniatarivervalleyvisitorsguide.centralpennsylvania.online)
- Transport Links: Lewistown, Pennsylvania, offers a variety of transportation options, including Amtrak’s Pennsylvanian line with twice-daily service at the historic Lewistown station, intercity bus routes operated by carriers such as Fullington Trailways, local rideshare services like Uber, and regional programs like the Call-A-Ride Service (CARS) for shared transportation within Mifflin and Juniata counties. (Bus Maps)
For more details on Lewistown’s attractions and local resources, visit
Contact Us to Schedule a Walkthrough:
The Melito & Koch Team
- Devin Bowersox Direct Line: 814-787-0267
- Email: devin@melitoandkoch.com
- Website: melitoandkoch.com
- Facebook: The Melito & Koch Team
Disclosures:
- ORAL CONSUMER NOTICE:
- The Real Estate Law requires that I provide you with a written notice that describes the various business relationship choices that you may have with a real estate licensee. Since we are discussing real estate without you having the benefit of the consumer notice, I have the duty to advise you that any information you give me at this time is not considered to be confidential, and any information you give me will not be considered confidential unless and until you and I enter into a business relationship. At our first meeting I will provide you with a written consumer notice which explains those business relationships and my corresponding duties to you.
- HOLD HARMLESS ACKNOWLEDGEMENT:
- The information contained in this email, including attachments, is confidential and may be legally privileged. It is intended solely for the use of the individual or entity to whom it is addressed. If you are not the intended recipient, please notify the sender immediately and delete this email. Real estate investment carries inherent risk, and this email does not constitute legal or financial advice. While I strive to provide accurate and up-to-date information, I make no warranties regarding the correctness of the data or the viability of the investment strategies discussed. By using the information provided, you agree to hold harmless The Morrow Wargo Group, Realty ONE Group Supreme, or any other entity related to our relationship- for any reliance on the content of this correspondence. Investment decisions should be made based on your own due diligence and consultation with financial and legal advisors. As a real estate agent, I provide services to assist in purchasing properties and analyzing data; however, the ultimate responsibility for investment decisions lies with the investor.
- DUE DILIGENCE:
- This deal must be analyzed individually. Investment returns are not guaranteed. All investors should conduct their due diligence. The Melito & Koch Team, Realty ONE Group Supreme, and associated parties are not liable for any inaccuracies or reliance on this information.
