Bedrooms: 22
Full Baths: 16
Style: Commercial
Sq Ft: 13801
Year Built: 1935
$1,300,000
1563 Old Route 22, Greenwich, PA 19534, US
Remarks
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!!!Details
MLS#: 734264Price: $1,300,000
Style: Commercial
Bedrooms: 22
Baths Full: 16
Sq Ft: 13801
Year Built: 1935
County: Berks
Subdivision: Not in Development
Lot Size: 429502
Tax Fee: 9606.42
Resources
Broker Contact
CENTURY 21 Keim Realtors
90 N Cedar Crest Blvd
Allentown, PA, 18104
US
Loren Keim
(610) 395-0393
c21keim@gmail.com
Website
Information is believed to be accurate but should not be relied upon without verification.
Data Provided by Greater Lehigh Valley REALTORS
Last updated: 2024-12-04T11:44:01.000-05:00.
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