1. Pennsylvania
  2. Greenwich Township
  3. 1563 Old Route 22
$1,300,000

1563 Old Route 22, Greenwich Township, PA 19534

  • 13,801 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1935
  • Property Lot Size Icon9.86acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $94/sqft
  • Property List Date Icon Listed 1 year ago

Property Description

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!!!

Listing Status:
Active
Listing Office:
CENTURY 21 Keim Realtors : (610) 395-0393
MLS ID:
733730
  • A/C: Wall/Window Unit(s)
  • Heating: Electric

This listing courtesy of CENTURY 21 Keim Realtors

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

G

Greenwich-Lenhartsville Elementary School

1457 Krumsville Rd # SR737, Lenhartsville, PA, 19534

Grades KG-5

4.28 miles away

K

Kutztown Area Middle School

10 Deisher Ln, Kutztown, PA, 19530

Grades 6-8

7.35 miles away

K

Kutztown Area Sr High School

50 Trexler Ave, Kutztown, PA, 19530

Grades 9-12

7.26 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

Similar Listing

1563 Old Route 22, Greenwich Township, PA 19534
Commercial Property

$1,300,000

  • 22 bed |
  • 16 bath |
  • 13,801 sqft |
  • 9.86 acre lot
1563 Old Route 22 Greenwich Township, PA 19534

#734264 - CENTURY 21 Keim Realtors