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1563 Old Route 22, Greenwich Township, PA 19534
sale
$1,300,000
|
Commercial-Other
Listed By CENTURY 21 Keim Realtors
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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Property Features
- Additional MLS: 733730
- Age: Over 50 Years Old
- Building Area: 13801.00 SF
- Cross Docks: N
- For Auction: N
- Lot Size In Text: 429502 Sq. Ft.
- MLSID: 733730
- Parking Places: 0
- Price Upon Request: N
- Sewer: Septic
- Style: Other Style
- Sublease: N
- Taxes: $9606.00
- Water: Well
- Year Built: 1935
- Zoning: Village/Rural
Directions to This Property
1563 Old Route 22, Greenwich Township, PA 19534
Demographic Data for 1563 Old Route 22, Greenwich Township, PA 19534
Average Age
49
Married
60%
Number of Homes
778
Homes with Children
20.49%
Occupation Type
Transportation to Work
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