$ 1,300,000
-
$1,300,000
Price -
0
Bed - Bath
-
13,801
SqFt
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About the Listing C21KEIM - 3168264
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!!!
Listing Highlights for 1563 Old Route 22
Status
Active
Days on Site
529
Property Type
Commercial Sale
MLS ®
PABK2041422
Year Built
1935
Total Square Footage
13,801
Lot/Acreage
9.86
County
Berks
Building Name
MAIDENCREEK MOTEL
Neighborhood
None Available
School District
Kutztown Area
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Baseboard - Electric
- Fireplaces:
- Floor: Tile/Brick,Wood,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Well
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 40
- Lot Dimensions: 0.00 x 0.00
- Zoning: COM
- Roof: Flat,Shingle
- Others:
- Sewer: On Site Septic
- Parking Features: Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $9,606
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2023
Payment Calculator
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Listing Location
Questions About..
1563 Old Route 22 Lenhartsville, PA 19534
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