1563 Old U.S. 22 - Apartments FOR SALE


Lenhartsville, PA 19534
$1,300,000 USD
1563 Old U.S. 22, Lenhartsville, PA for Sale
$1,300,000 USD
Apartments - FOR SALE
1/49
null | 10.27% Cap Rate

1563 Old U.S. 22
Lenhartsville, PA 19534


OVERVIEW

Remarks 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!!!

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$94 USD /SF

# OF UNITS

20

PRICE/UNIT

$65,000

CAP RATE

10.27%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Maiden Creek 20 Unit

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2022

PARKING SPACES

-

LAND DETAILS

LAND ACRES

9.86 AC

LAND SF

429,502 SF

ZONING

-

APN/PARCEL ID

45-5415-12-86-5831

ASK ABOUT THIS PROPERTY

Loren KeimCentury 21 Keim RealtorsMore Info

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Loren KeimCentury 21 Keim RealtorsMore Info

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