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15949843
15949842

1563 Old U.S. 22, Lenhartsville, PA 19534

Century 21 KEIM REALTORS Allentown
Listed by Century 21 KEIM REALTORS Allentown
$1,300,000
798 days on market
Updated 77 days ago

1563 Old Route 22

Details
APN 45541512865831
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 13,801
Units 21
Cap Rate 11.98%
NOI $155,688
Price per SqFt $94
Year Built 1935
Acreage 9.860
Zoning Village/Rural

Multifamily | 21 Units | $61,905/unit

Marketing 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 12% based on current rents and occupancy. Don't miss out on this unique opportunity!!!

Listing Contacts

Century 21 KEIM REALTORS Allentown
Listed by Century 21 KEIM REALTORS Allentown

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$155,688.00
$12,974.00/mo

Valuation Metrics

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DSCR
11.98%
Cap Rate
11.98%
ROI

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