Property profile

1563 Old Rte 22 Lenhartsville, PA 19534

OFF-MARKET
Motels
Property ID
US73-1678341
4,176 SF 9.86 ac lot Built 1935
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a 20-unit multifamily complex located on just under 10 acres across two parcels. The residential mix includes two 3-bedroom units, two 2-bedroom units, and eleven 1-bedroom/efficiency units, along with three storage spaces. Support structures include a workshop with a garage and a separate commercial garage. The property layout is configured with both residential and commercial garage components, and additional unit expansion may be possible subject to applicable zoning and municipal approvals. System and utility responsibilities are separated between the owner and tenants: the owner provides water, sewer, trash, and common electric, while tenants are responsible for heat (electric), electric, and cable. The main buildings and the commercial garage have undergone roof and window upgrades.

Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1935
Construction FRAME
Total area 4,176 SF
Lot 9.86 ac (429,502 SF)
APN 5415-12-86-5831
UPID US73-1678341

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1563 Old Rte 22 Lenhartsville, PA 19534-9353
Lenhartsville metro Census 13902 READING, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$200k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2022
Last sale
$220,000
4 recorded transactions
2022
$220,000
2008
$335,000
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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