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1563 Old Route 22

Greenwich Township, PA 19534
  • $1,500,000
  • STATUS: Available
  • ON SITE: 51 Days
  • MLS #: 707548
UPDATED: 30 min ago
$1,500,000
  • 0
    BEDS
  • 9.86
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 13,801
    SQFT
  • $109
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1935
County:

School Ratings & Info

Description

UNIQUE INVESTMENT OPPORTUNITY in this 20 unit investment property situated on just shy of 10 acres and a short 20 minute commute to the Lehigh Valley. This property consists of 2-3BR units, 1-2BR unit, 12-1BR/efficiency units, 4 storages spaces, and a commercial garage space. Plenty of value add/upside potential with rent increases and the potential to add more units. Check with zoning and local municipality regarding options. All residential units are fully-occupied with current leases/security deposits in place. Owner pays W/S/T and common electric. All utilities are separate and tenants pay heat(electric), electric, and cable. New roofs were recently put on all the main buildings and commercial garage. There is an on-site manager and maintenance person in place(rents are reduced for their services) making for a more efficient/hands-free experience for the owner. Currently priced at a 7.4% cap rate based on current below market rents. Don't miss out on this opportunity!!!

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© 2023 Greater Lehigh Valley REALTORS® All Rights Reserved. Based on information from the Greater Lehigh Valley REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Smart Way America Realty. Data last updated 2023-02-03T07:12:59.447.
www.smartwayamerica.com/homes/135387901
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1563 Old Route 22 Greenwich Township, PA 19534

  • Price: $1,500,000
  • Status: Available
  • On Site: 51 Days
  • Updated: 30 min ago
  • MLS #: 707548
0
Beds
0
Baths
0
½ Baths
9.86
Acres
13,801
SQFT
$109
$/SQFT
1935
Built
Neighborhood:
Lenhartsville
County:
Berks
Area:
Lenhartsville
Property Description
UNIQUE INVESTMENT OPPORTUNITY in this 20 unit investment property situated on just shy of 10 acres and a short 20 minute commute to the Lehigh Valley. This property consists of 2-3BR units, 1-2BR unit, 12-1BR/efficiency units, 4 storages spaces, and a commercial garage space. Plenty of value add/upside potential with rent increases and the potential to add more units. Check with zoning and local municipality regarding options. All residential units are fully-occupied with current leases/security deposits in place. Owner pays W/S/T and common electric. All utilities are separate and tenants pay heat(electric), electric, and cable. New roofs were recently put on all the main buildings and commercial garage. There is an on-site manager and maintenance person in place(rents are reduced for their services) making for a more efficient/hands-free experience for the owner. Currently priced at a 7.4% cap rate based on current below market rents. Don't miss out on this opportunity!!!
Exterior Features

Construction Frame Parking On Site Parking Spaces 40 Surface Type ConcreteGravel

Interior Features

Cooling Window Ac Heat Type Electric

Property Features

Gross Income 128280 Level Grade Net Income 111149 Possible Financing CashConventional Property Sub Type Category Commercial Sewer Septic Special Conditions Not Applicable Square Footage Source Tax Records Total Taxes 9606.42 Water Well Zoning Code Village/Rural

Listing provided courtesy of Century 21 Keim Realtors: .


© 2023 Greater Lehigh Valley REALTORS® All Rights Reserved. Based on information from the Greater Lehigh Valley REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Smart Way America Realty. Data last updated 2023-02-03T07:12:59.447.
 
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Smart Way America Realty
528 Seven Bridge Rd. Suite 107
East Stroudsburg PA, 18301