1563 Old Route 22, Greenwich, PA 19534
sale
$1,500,000
|
Commercial-Other
Listed By CENTURY 21 Keim Realtors
UNIQUE INVESTMENT OPPORTUNITY in this 20 unit investment property situated on just shy of 10 acres and a short 20 minute commute to the Lehigh Valley. This property consists of 2-3BR units, 1-2BR unit, 12-1BR/efficiency units, 4 storages spaces, and a commercial garage space. Plenty of value add/upside potential with rent increases and the potential to add more units. Check with zoning and local municipality regarding options. All residential units are fully-occupied with current leases/security deposits in place. Owner pays W/S/T and common electric. All utilities are separate and tenants pay heat(electric), electric, and cable. New roofs were recently put on all the main buildings and commercial garage. There is an on-site manager and maintenance person in place(rents are reduced for their services) making for a more efficient/hands-free experience for the owner. Currently priced at a 7.4% cap rate based on current below market rents. Don't miss out on this opportunity!!!
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Property Features
- Age: Over 50 Years Old
- Cooling: Window A/C
- Cross Docks: N
- Exterior Description: Aluminum Siding
- Exterior Description: Stucco
- Exterior Description: Vinyl Siding
- For Auction: N
- General: Smoke Detector
- Heating - Fuel Type: Electric
- Heating Type: Baseboard
- Lot Size Desc: 5-10 Acres
- Lot Size In Text: 9.86 Acres
- MLSID: 707531
- Pre-Wiring: Cable
- Price Upon Request: N
- Property Use: Rental or Investment
- Sewer: Septic
- Style: Other Style
- Sublease: N
- Taxes: $9606.42
- Water: Well
- Year Built: 1935
- Zoning: Village/Rural
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