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Five Or More Units For Sale - 1563 OLD ROUTE 22, LENHARTSVILLE, PA 19534

1563 OLD ROUTE 22, LENHARTSVILLE, 19534, PA
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UNIQUE INVESTMENT OPPORTUNITY in this 20 unit property situated on just shy of 10 acres consisting of two parcels and a short 20 minute commute to the Lehigh Valley. This property consists of 2-3BR units, 2-2BR units, 11-1BR/ efficiency units, 3 storage spaces, a workshop with garage, and a commercial garage. Plenty of value add and upside potential with rent increases and the potential to add more units. Check with zoning and the local municipality regarding options. All residential units are fully occupied with 1 year leases/security deposits in place. Owners pay W/S/T and common electric. All utilities are separate and tenants pay heat(electric), electric, and cable. New roofs and windows were recently installed on all the main buildings and commercial garage. List price reflects a cap rate of over 12.5% based on current rents and occupancy. Don't miss out on this unique opportunity!!!

MLS# PABK2041422
Century 21 Keim Realtors
Active For Sale Commercial
$1,250,000
Five Or More Units
1935 Year built
848 days on market

Property Features

Roof
Flat,Shingle
Type
CRE
Acres
9.86
Style
Apartment Building
Cooling
Window Unit(s)
Heating
Baseboard - Electric
Lot Size
0.00 x 0.00
Flooring
Tile/Brick,Wood,Carpet
Year Built
1935
Sub Type Text
Five Or More Units
Subdivision
NONE AVAILABLE
Construction
Aluminum Siding,Frame,Stucco,Vinyl Siding
Accessibility
None
Lot Size Area Units
Square Feet
Maintenance Expense
1800

Location

Directions: From Rt. 78 west, take the Lenhartsville exit and make a right. At first stop sign, go left onto Old Route 22. Go over the bridge an d the property is on the right.

Market Area: Greenwich Twp (10245)

Schools

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