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1563 Old Route 22
Greenwich PA 19534 US

$1,300,000

Active Listing ID 733730
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Lot: 9.86 Acres
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$1,300,000

Active Listing ID 733730
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1563 Old Route 22 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!!!

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Property Features

  • Facts
  • Lot Size: 9.86 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 1300000
  • unparsedaddress: 1563 Old Route 22
  • postalcity: Greenwich
  • stateorprovince: PA
  • country: US
  • postalcode: 19534
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 9.86
  • lotsizeunits: Acres
  • lotsizearea: 9.86
  • livingarea: 13801
  • livingareaunits: Square Feet
  • listagentfullname: Shane R. Keyser
  • listagentemail: ShaneKeyserRealtor@gmail.com
  • listagentkey: 3yd-LVARPA-keysersh
  • listagentmlsid: keysersh
  • listagentpreferredphone: 6105094768
  • listagentofficephone: 6103950393
  • listofficekey: 3yd-LVARPA-C2KM
  • listofficemlsid: C2KM
  • disclaimer: Copyright © 2024 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: LVARPA
  • yearbuilt: 1935
  • listingcontractdate: 2024-02-29
  • listagenturl: http://www.c21keim.com
  • countyorparish: Berks
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 40
  • waterfrontyn: False
  • franchiseaffiliation: Century 21 Real Estate
  • architecturalstyle: Other
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
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Listing Changed: 3/26/2024 2:40:29 PM GMT
Source Updated Date: 4/27/2024 6:43:39 AM GMT

Courtesy of: Shane R. Keyser, CENTURY 21 Keim Realtors, ShaneKeyserRealtor@gmail.com

Copyright © 2024 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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