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1563 Old Route 22,  Lenhartsville PA, 19534

(Active)
$1,300,000
|
13,801 sqft
|
MLS# PABK2041422
Last Updated: 5/18/2024 2:02 AM
Description for 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!!!
Price
$1,300,000
NONE AVAILABLE
BERKS
13,801 (approx)
PABK2041422
Active
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!!!
Listing Information
Property Type: Business Opportunities, Other
9.86 Acres 13,801 (approx) 1935
Aluminum siding,Frame,Stucco,Vinyl siding
NONE AVAILABLE
Well
Septic Tank
Cable Available
19 Total
Neighborhood
Room Information
Interior Features
Electric Water Heater
Carpet, Wood
Window Unit(s)
Electric Heating, Baseboard
Exterior / Lot Features
40 Parking Spaces,
Stucco, Vinyl, Aluminum, Frame
Shingle
0.00 x 0.00
Driving 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.
Financial Considerations
45-5415-12-86-5831
$9,606
Listing Price History

Lenhartsville Real Estate

Lenhartsville is located in Pennsylvania. Lenhartsville, Pennsylvania 19534 has a population of 145.

The median household income in Lenhartsville, Pennsylvania 19534 is $80,697. The median household income for the surrounding county is $65,689 compared to the national median of $66,222. The median age of people living in Lenhartsville 19534 is 41 years.

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Courtesy: Century 21 Keim Realtors
BRIGHT MLS - All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes.
This content last refreshed on 5/18/2024 2:02 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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