1563 Old Route 22, Lenhartsville, PA 19534
- $1,250,000
- List Price
- $1,250,000
- Price Change
- ▼ $50,000 1784848191
- Days on Market
- 854
- Status
- ACTIVE
- MLS#
- PABK2041422
- Lot Size (Acres)
- 9.86
- Year Built
- 1935
- County
- Berks
- School District
- Kutztown Area
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 12.5% based on current rents and occupancy. Don't miss out on this unique opportunity!!!
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Additional Information
- Area
- Greenwich Twp (10245)
- Subdivision
- None Available
- Building Name
- Maidencreek Motel
- Taxes
- $10513.29
- School District
- Kutztown Area
- Flooring
- Tile/Brick, Wood, Carpet
- Heating
- Baseboard - Electric
- Heating Fuel
- Electric
- Cooling
- Window Unit(s)
- Roof
- Flat, Shingle
- Utilities
- Electric Available, Phone, Cable TV Available
- Water
- Well
- Sewer
- On Site Septic
Mortgage Calculator
Listing courtesy of Century 21 Keim Realtors. Contact: 6103950393