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1563 Old Route 22
Greenwich, PA 19534
Residential Multi Family (Other)
9.86 Acres
13801 Sqft Living Area
21 Bedrooms
15 Bathrooms (15 Full, 0 Half)
Year Built: 1935
$1,300,000
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Property 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 10% based on current rents and occupancy. Don't miss out on this unique opportunity!!!
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Contact Details
Name: Shane R. Keyser
Email: ShaneKeyserRealtor@gmail.com
MLS Listing Id: 734264
Agent Phone: (610) 509-4768
List Agent License:
Office Name: CENTURY 21 Keim Realtors
Office Phone: (610) 395-0393
Office MLS Id: C2KM
Listing Status: Active
Listing URL: https://listings.listhub.net/pages/LVARPA/734264/?channel=openhousinc
Copyright © 2024 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Copyright © 2024 OpenHous, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
