Lenhartsville, PA 19534 1563 Old Route 22
$1,300,000
44 more
Presented By: Century 21 Keim Realtors
SQFT • 13,801
SQFT • 13,801Home Details
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!!!
Presented By: Century 21 Keim Realtors
Interior Features for 1563 Old Route 22
Other Interior Features
Central Air Y/NNo
FlooringTile/Brick, Wood, Carpet
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
General for 1563 Old Route 22
Acceptable FinancingCash, Conventional
AccessibilityNone
Building NameMAIDENCREEK MOTEL
Business TypeApartment Building
CityLENHARTSVILLE
Construction MaterialsAluminum Siding, Frame, Stucco, Vinyl Siding
Cool FuelNone
CoolingWindow Unit(s)
CountyBERKS
DirectionsFrom Rt. 78 west, take the Lenhartsville exit and make a right. At first stop sign, go left onto Old Route 22. Go over the bridge an d the property is on the right.
Electric200+ Amp Service
Electric Expense1200.00
Gross Income153000.00
HeatingBaseboard - Electric
Insurance Expense3876.00
Location TypeSuburban
Lot Size Square Feet429501.60
Lot Size UnitsSquare Feet
MLS AreaGreenwich Twp (10245)
MaintenanceExpense1800.00
ModificationTimestamp2025-03-28T10:35:33
MunicipalityGREENWICH TWP
Net Operating Income133470.00
New ConstructionNo
Number Of Units Total19
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG94.2
Property SubtypeFive Or More Units
Property TypeCommercial Sale
RoofFlat, Shingle
SewerOn Site Septic
Standard StatusActive
StatusACTIVE
Subdivision NameNONE AVAILABLE
Tax Annual Amount9606.0
Tax Assessed Value248800.0
Tax Lot5831
Tax Year2023
Trash Expense1548.00
UtilitiesElectric Available, Phone, Cable TV Available
Vacation Rental Y/NNo
Virtual TourClick here
Water Access Y/NNo
Waterfront Y/NNo
Year Built1935
Year Built SourceEstimated
ZoningCOM
Exterior for 1563 Old Route 22
Building Area Total13801.00
Car Parking Spaces40
Land Assessed Value68600.00
Land Use Code4223
Lot Dimensions0.00 x 0.00
Lot Size Acres9.86
Lot Size SourceEstimated
LotDimensionsSourceEstimated
Navigable Water Y/NNo
Road ResponsibilityBoro/Township
Road Surface TypeUS Highway/Interstate
Total Loading Docks0
Total Parking Spaces40
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourceWell
Water View Y/NNo
Additional Details
Price History
