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20899778
20899803

1563 Old Route 22, Greenwich Twp, PA 19534

Better Homes and Gardens Real Estate
Listed by Better Homes and Gardens Real Estate
$1,300,000
1265 days on market
Updated 14 days ago

1563 Old Route 22

Details
Property Type Special Purpose
Sub Type Other
Square Footage 13,801
Units 21
Lot Size (SqFt) 429,501

Special Purpose | 13,801 SqFt

Marketing description

UNIQUE INVESTMENT OPPORTUNITY in this FULLY OCCUPIED 21 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, 12-1BR/ 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 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 11% based on current rents and occupancy. Don't miss out on this unique opportunity!!!
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Better Homes and Gardens Real Estate
Listed by Better Homes and Gardens Real Estate

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