1563 Old U.S 22 Lenhartsville, PA 19534
20-unit property with value-add potential near Lehigh Valley.
Property Features for 1563 Old U.S 22
General Information
- Standard status
- Active
- Size
- 13,801 SF
- Lot size
- 9.99 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1935
Listing office Century 21 KEIM REALTORS Allentown (877) 208-4158
Listing date Mar 29, 2024
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Century 21 KEIM REALTORS Allentown
Investment Insights
Based on property information with market context.
Key Highlights
- Over 10% Cap Rate based on current rents and occupancy.
- 20 Units on almost 10 acres across two parcels.
- Fully Occupied Residential Units with Leases/Security Deposits in Place.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $225.2k | $16.32 |
| − Vacancy | −$9.0k | −$0.65 |
| EGI | $216.2k | $15.67 |
| − OpEx | −$97.3k | −$7.05 |
| NOI | $118.9k | $8.62 |
