$1,250,000

22 Bedrooms Multi Family Home

  • 22 Beds
  • 16 Baths
  • 13,801 Sqft
  • 9.86 Ac lot
  • Updated: July 24
  • 1
  • MLS#734264

About the Property

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 poten
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 12.5% based on current rents and occupancy. Don’t miss out on this unique opportunity!!!
  • Property type

    House

  • Year built

    1935

  • Price/sqft

    $90

Explore the Area

1563 Old Route 22, Greenwich Twp, PA 19534, Lenhartsville, Pennsylvania, United States View on Google Maps
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Shane Keyser

Joined 11 years ago
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Shane Keyser
Pennsylvania, United States
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1
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2022
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CENTURY 21 Keim Realtors
CENTURY 21 Keim Realtors
90 North Cedar Crest Boulevard, 18104, Allentown, Pennsylvania, United States
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CENTURY 21 Keim Realtors is an award winning company, founded in 1986, with offices serving the Lehigh Valley, East
CENTURY 21 Keim Realtors is an award winning company, founded in 1986, with offices serving the Lehigh Valley, Eastern Pennsylvania and New Jersey, Our team at CENTURY 21 Keim Realtors has more than 70 real estate brokers, agents, appraisers, property managers and associates. The company handles all forms of real estate sales including homes, new construction, commercial real estate, commercial leasing, rentals, investment properties, farms and land. Please visit our sister site at www. Century21K[hidden information] for more great information about buying and selling!
Last updated
July 24
First listed
Dec 20, 2024
Listing reference
942E7849-2438-4503-8DFB-526A0ECE929B
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