1563 Old Route 22 Lenhartsville, PA $ 1,300,000
1563 Old Route 22
$ 1,300,000
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1563 Old Route 22

Lenhartsville, PA, 19534
$ 1,300,000
Baths0.0 Sq 13,801

Monthly Estimate*

$ 9,081

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Studio

Commercial Property for sale in Lenhartsville, PA

for $1,300,000. This 13,801 square foot building was built in 1935 on a lot size of 9.86.

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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Commercial Active

Price

$ 1,300,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 9,606

Style

Apartment Building

Lot Size

9.86

Year Built

1935

Town/City

Lenhartsville

County/Region

Berks

MLS | Web ID

PABK2041422

Features
Interior
Heating Fuel Electric
Flooring Tile/Brick Wood Carpet
Hot Water Electric
Heating Y/N Y
Central Air Y/N N
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General
Sewer On Site Septic
Heating Baseboard - Electric
Cooling Window Unit(s)
Utilities Electric Available Phone Cable TV Available
Possession Settlement
Roof Flat Shingle
Zoning COM
Construction Materials Aluminum Siding Frame Stucco Vinyl Siding
Year Built 1935
Electric 200+ Amp Service
Property SubType Five Or More Units
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel None
Municipality GREENWICH TWP
Gross Income 153000.00
Business Type Apartment Building
Building Name MAIDENCREEK MOTEL
Accessibility None
County BERKS
Net Operating Income 133470.00
Insurance Expense 3876.00
New Construction N
Property Type Commercial Sale
Subdivision Name NONE AVAILABLE
Water Access Y/N N
Status ACTIVE
Directions From Rt. 78 west take the Lenhartsville exit and make a right. At first stop sign go left onto Old Route 22. Go over the bridge an d the property is on the right.
City LENHARTSVILLE
Buyer Agent Compensation 2
Total Units 19
MLS Area Greenwich Twp (10245)
Lot Size Square Feet 429501.60
Waterfront Y/N N
Street Name OLD ROUTE 22
Tax Annual Amount 9606.0
Electric Expense 1200.00
Trash Expense 1548.00
Price Per Sq Ft 94.2
Acceptable Financing Cash Conventional
Vacation Rental Y/N N
Virtual Tour https://www.aryeo.com/v2/1563-old-us-22-lenhartsville-pa-19534-3243051/branded
Days on Market 34
Location Type Suburban
Standard Status Active
Year Built Source Estimated
Tax Lot 5831
Buyer Agent Compensation Type % Of Gross
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Exterior
Water Source Well
Type of Parking Parking Lot
Water View Y/N N
Building Area Total 13801.00
Lot Dimensions 0.00 x 0.00
Lot Size Acres 9.86
Road Surface Type US Highway/Interstate
Lot Size Units Square Feet
Lot Size Source Estimated
Road Responsibility Boro/Township
Land Assessed Value 68600.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 1563
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* Excluded Features
List By
Century 21 Keim Realtors

Broker

c21keim@gmail.com

Email

Affordability Calculator

$9,881
Per Month
92%
8%
0%
Monthly Principal & Interest
$9,081
Monthly Property Taxes
$801
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/29/2024$1,300,000 Listed Price

Map


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1563 Old Route 22, Lenhartsville, PA, 19534 is a Commercial Property for sale at $1,300,000 with 13,801 sqft and a lot size of 9.86. 1563 Old Route 22 is a studio with 0.0 baths and was built in 1935. The property's zip code is 19534 which is in Lenhartsville, PA