1563 Old Route 22 Lenhartsville, PA 19534
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 10% based on current rents and occupancy. Don't miss out on this unique opportunity!!!
- Property TypeMulti-Family
- NeighborhoodNone Available
- CountyBerks
- Taxes$9,606
- HOA/Condo/Coop Fees$0
- Days on Site64 Days
- MLS StatusActive
- MLS ID NumberPABK2041422
- Home Size Source Estimated
- Year Built1935
- Lot Size9.86 Acres
- Full BathsN/A
- Partial BathsN/A
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Learn MoreRecent Activity For 1563 Old Route 22 Lenhartsville, PA 19534
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General Features
- Construction Aluminum SidingFrameStuccoVinyl Siding
- Parking Parking Lot
- Sewer Septic Tank
- Electric 200+ Amp Service
- Acreage 9.86
- Water Well
- Cross Street ROUTE 143
- Property Sub Type Multi Family
- Attached Garage No
- Zoning COM
Interior Features
- Cooling Window Unit(s)
- Heating Baseboard - ElectricElectric
- Flooring Tile/ BrickWoodCarpet
Exterior Features
- Roof FlatShingle
- Spa No
- Waterfront Property No
Community Features
- MLS Area Greenwich Twp (10245)