1563 Old Route 22, Lenhartsville, Pa

$1,300,000

Price

$133,470

NOI

13,801 sqft

Building Size

Gallery
Street
Map
Overview
NOI
$133,470
Building Size
13,801 sqft
Year Built
1935
Price Per Sqft
$94.20
Zoning
COM
Roof
Flat, Shingle
Description

UNIQUE INVESTMENT OPPORTUNITY in this 20 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, 11-1BR/ 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 residential 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 10% based on current rents and occupancy. Don't miss out on this unique opportunity!!!

Highlights
  • Days on Market: 39
  • Heating: Baseboard - Electric
Location
Gallery