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Listed price in listed location currency (USD).
$1,300,000

221640

MLS® 734264

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 13801 sqft
Garage 
Taxes $10,513
Days Active 347
Lot Size 
Approx. Age 1935
Avg. Price Per Sqft $94
MLS® Number 734264

Property Address: 1563 Old Route 22, LENHARTSVILLE, PA, 19534-9353

Average square foot calculated using Size range provided by listing agent.

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 12% based on current rents and occupancy. Don't miss out on this unique opportunity!!!
MLS® Number734264
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1935
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 12, 2025List Date
$1,300,000List Price
  • Commute

Commute

Starting Address
Destination Address
1563 Old Route 22, Lenhartsville, PA

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