1563 Old Route 22 Greenwich Township, PA 19534
Listing Courtesy of: LEHIGH VALLEY ASSOCIATION OF REALTORS / Century 21 Keim Realtors / Shane Keyser

  1563 Old Route 22 Greenwich Township, PA 19534

Active (41 Days)
$1,300,000
21
BED
15
BATH
13,801
SQFT

Description

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!!!

MLS #:
734264
Lot Size
9.86 acres
Type
Multifamily
Year Built
1935
School District
Not Applicable
County
Berks County

Listed By

Shane Keyser, Century 21 Keim Realtors
Source
LEHIGH VALLEY ASSOCIATION OF REALTORS
Last checked Apr 21 2024 at 6:28 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 15
Subdivision
  • Not In Development
Heating and Cooling
  • 0
  • Window Acs
Utility Information
  • Sewer: Septic, Well
Living Area
  • 13,801 sqft
Location
   
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