1563 Old Route 22
Greenwich Township, PA 19534
- 22 beds
- 16 baths
- 13,801 sqft
- ~10 acre lot
- $94 per sqft
- 1935 build
UNIQUE INVESTMENT OPPORTUNITY in this FULLY OCCUPIED 21 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, 12-1BR/ 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 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 11% based on current rents and occupancy. Don't miss out on this unique opportunity!!!
Last checked:
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Last updated Dec 12, 2024
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MLS# 734264 —
The Building
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Year Built:1935
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Construction:Frame
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SqFt:13,801 Sqft
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SqFt Source:Tax Records
Location
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Area:Lenhartsville
The Property
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Property Type:Investment Property
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Property Subtype:Investment Property
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Property Subtype Category:Commercial
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Zoning Code:Village/Rural
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Lot SqFt:429502
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Acres:9.860
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Total Taxes:$9,606.42
Beds
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Bedrooms:22
Baths
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Baths:16
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Full Baths:16
Heating & Cooling
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Heat:No
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Cooling:Window ACs
Utilities
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Water:Well
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Water/Sewer:900
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Sewer:Septic
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Gas:No
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Electric:1200
Schools
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School District:Not Applicable
The Community
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Subdivision:Not in Development
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Association:Lehigh Valley MLS
Parking
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Parking Spaces:40
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/12/24
Mar 12, 2024
|
Listed / Active | GLVR | $1,300,000 |
