1563 Old U.S 22 Lenhartsville, PA 19534
20-unit property with value-add potential near Lehigh Valley.
Type:Multifamily
Property size:
13,801 SFLot size:
9.99 Acres- Added:
- Mar 29, 2024
- Days on Market:
- 747
- Last Refresh:
- Mar 17 at 1:25 pm
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 agent Loren Keim License #PA
Listing office CENTURY 21 Keim Realtors
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
Overview
20-Unit Multifamily Investment Opportunity
This 20-unit property, situated on just shy of 10 acres consisting of two parcels, presents a unique investment opportunity within a short 20-minute commute to the Lehigh Valley. The property includes 2 three-bedroom units, 2 two-bedroom units, and 11 one-bedroom/efficiency units. Additionally, there are 3 storage spaces, a workshop with a garage, and a commercial garage. The property offers value-add and upside potential through rent increases and the potential to add more units, subject to zoning and local municipality approval. All residential units are fully occupied with one-year leases and security deposits in place. The owner is responsible for water, sewer, trash, and common electric. Tenants are responsible for heat (electric), electric, and cable. New roofs and windows have been recently installed on all the main buildings and the commercial garage. The property size is 13801 square feet. The list price reflects a cap rate of over 10% based on current rents and occupancy.
Location Intelligence
Current Use by Public Records
Apartment buildings
Map
- City
- Lenhartsville
- County
- Berks
- State
- Pennsylvania
- Longitude
- -75.8594
- Latitude
- 40.5748
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 20-unit property with value-add potential near Lehigh Valley.
Where is this apartment building located?
The property is located at 1563 Old U.S 22 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: 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.
