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MLS# PABK2041422

Status: ACTIVE
1563 OLD ROUTE 22
LENHARTSVILLE, PA 19534
$1300000.00

Commercial Sale
Year Built: 1935
Sq Ft: 13801.00
Building Area: 13801.00
Acres: 9.86
Contact:
Loren Keim
Century 21 Keim Realtors
Phone:   6103950393
Photos
Map
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!!!

Additional Features

Location Type: Suburban
School District Name: KUTZTOWN AREA
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.
Subdivision Name: NONE AVAILABLE
MLS Area: Greenwich Twp (10245)
Tax ID Number: 45-5415-12-86-5831
Zoning: COM
Land Use Code: 4223
Ownership Interest: Fee Simple
Hot Water: Electric
Roof: Flat,Shingle
Heating Type: Baseboard - Electric
Flooring Type: Tile/Brick,Wood,Carpet
Construction Materials: Aluminum Siding,Frame,Stucco,Vinyl Siding
Cooling Type: Window Unit(s)
Sewer Septic: On Site Septic
Utilities: Electric Available,Phone,Cable TV Available
Water Source: Well
Listing Entry Date: March 28, 2024
Tax Annual Amount: 9606.00
Tax Assessed Value: 248800.00
Tax Year: 2023
Price Per SQFT: 94.20