USAPALenhartsville1563 Old Route 22
View of all units. Cabin #4 is on the Southside parcel left of Old route 22. | Image 1
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$1,300,000

1563 Old Route 22, Lenhartsville, PA

Real Estate

For Sale

$--,---,---
221640
  • Key Facts
  • Description
  • Map

Key Facts

Type Commercial
Levels Residential Income
Size 13801 sqft
Garage No
HOA Fees $1,800
Taxes $9,606
Days Active 91
Approx. Age 1935
Avg. Price Per Sqft $94
MLS® Number 734264

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

UNIQUE INVESTMENT OPPORTUNITY in this FULLY OCCUPIED 21 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, 12-1BR/ 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 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 11% based on current rents and occupancy. Don't miss out on this unique opportunity!!!Show Description
MLS® Number734264
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1935
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatBaseboard, Electric
A/CWall Window Units
Heating Fuel

Extras

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