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    1563 Old Lenhartsville, PA 19534

    For Sale
    $1,300,000

    20-Unit Rental Property, High ROI

    Property size:
    13,801 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a 20-unit multifamily property in Lenhartsville, PA, boasting a substantial 9.86-acre lot. The portfolio comprises a mix of unit sizes: two 3-bedroom units, two 2-bedroom units, eleven 1-bedroom/efficiency units, and three storage spaces. Further enhancing the property's value are a workshop with garage and a separate commercial garage. Recent upgrades include new roofs and windows on all main buildings and the commercial garage. Currently, all 20 units are fully occupied under one-year leases with security deposits in place. The property generates a strong net operating income (NOI) of $133,470, translating to a compelling cap rate exceeding 10%. Owners cover water, sewer, and trash

    Property Features for 1563 Old

    General Information

    Property type
    Multifamily properties
    Square Feet
    13,801 SF
    Lot Size
    429,502 SF

    Building Details

    Year Built
    1935
    Units
    20

    HighLights

    • Exceptional 20‑unit multifamily investment opportunity in Lenhartsville, PA.
    • 9.86‑acre lot with a mix of unit sizes: two 3‑bedroom, two 2‑bedroom, eleven 1‑bedroom/efficiency, and three storage units.
    • Includes a workshop with garage and a separate commercial garage.
    • Recent upgrades include new roofs and windows on all main buildings and the commercial garage.
    • 100% occupancy with one‑year leases and security deposits; strong NOI of $133,470 and cap rate exceeding 10%.
    • Owners responsible for water, sewer, and trash.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Map

    City
    Lenhartsville
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.8833952
    Latitude
    40.5730234

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Multifamily property - 20-Unit Rental Property, High ROI
    Where is this multifamily property located?
    The property is located at 1563 Old Lenhartsville, PA.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Exceptional 20-unit multifamily investment opportunity in Lenhartsville, PA.; 9.86-acre lot with a mix of unit sizes: two 3-bedroom, two 2-bedroom, eleven 1-bedroom/efficiency, and three storage units.; Includes a workshop with garage and a separate commercial garage.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1563 Old Lenhartsville, PA 19534
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