1563 Old Route 22 Greenwich Township, PA 19534
Listing Courtesy of: LEHIGH VALLEY ASSOCIATION OF REALTORS / Century 21 Keim Realtors / Shane Keyser
$1,500,000
21
BED
15
BATH
13,801
SQFT

  1563 Old Route 22 Greenwich Township, PA 19534

Active (296 Days)

Description

UNIQUE INVESTMENT OPPORTUNITY in this 19 unit investment property situated on just shy of 10 acres 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 storages spaces, and a commercial garage space. Plenty of value add/upside potential with rent increases and the potential to add more units. Check with zoning and local municipality regarding options. All residential units are fully-occupied with current leases/security deposits in place. Owner pays W/S/T and common electric. All utilities are separate and tenants pay heat(electric), electric, and cable. New roofs were recently put on all the main buildings and commercial garage. There is an on-site manager and maintenance person in place(rents are reduced for their services) making for a more efficient/hands-free experience for the owner. Currently priced at an 8.4% cap rate based on current rents. Don't miss out on this opportunity!!!

MLS #:
721939
Lot Size
9.86 acres
Type
Multifamily
Year Built
1935
School District
Not Applicable
County
Berks County
Bathroom Details
  • Full Bathrooms: 15
Subdivision
  • Not In Development
Heating and Cooling
  • 0
  • Window Ac
Utility Information
  • Sewer: Well, Septic
Parking
  • Unpaved Lot
  • Paved Lot
Stories
  • 1.0
Living Area
  • 13,801 sqft
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
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Interest rate
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Mortgage calculator estimates are provided by CENTURY 21 Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
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