1563 OLD ROUTE 22 Active Save Request In-Person Tour Request Virtual Tour
Lenhartsville,PA 19534
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 13,801 sqft
Price per Sqft $94
Subdivision None Available
MLS Listing ID PABK2041422
Year Built 1935
Annual Tax Amount $9,606
Tax Year 2023
Lot Size 9.860 Acres
Property Description
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!!!
Location
State PA
County Berks
Area Greenwich Twp (10245)
Zoning COM
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Window Unit(s)
Flooring Tile/Brick,Wood,Carpet
Exterior
Garage Spaces 40.0
Utilities Available Electric Available,Phone,Cable TV Available
Waterfront N
Water Access N
Roof Type Flat,Shingle
Building
Sewer On Site Septic
Water Well
New Construction N
Schools
School District Kutztown Area
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard