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1563 Old Route 22, Lenhartsville, PA 19534
$1,300,000
1563 Old Route 22, Lenhartsville, PA 19534View this property at 1563 Old Route 22, Lenhartsville, PA 19534
1563 Old Route 22LenhartsvillePA19534
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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!!!
Full Property Details
Full Property Details for 1563 Old Route 22
General
- Price: $1,300,000
- Taxes: $9,606 (2023)
- Status: Active
- Type: Apartment
- MLS ID: PABK2041422
- Updated: 3/28/2024
- Added to Site: 32 day(s) ago
Business
- Business Type: Apartment Building
Interior
- Flooring: Tile/Brick, Wood, Carpet
Parking
- Total Spaces: 40
- Parking Type: Parking Lot
Location
- Area: Greenwich Twp (10245)
- Municipality: GREENWICH TWP
- County: Berks
- Development Name: None Available
- Subdivision: None Available
- Building Name: MAIDENCREEK MOTEL
- Cross Streets: Route 143
- Driving Directions: From Rt. 78 west, take the Lenhartsville exit and make a right. At first stop sign, go left onto Old Route 22. Go over the bridge an d the property is on the right.
- Location Details: Suburban
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Baseboard - Electric
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: On Site Septic
- Water: Well
- Utility Description: Electric Available, Phone, Cable TV Available
Structural Information
- Construction: Aluminum Siding, Frame, Stucco, Vinyl Siding
- Roof: Flat, Shingle
- Stories/Levels: 0
- Year Built: 1935
- Year Built Source: Estimated
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 9.86
- Lot Size (Sq. Ft.): 429,501
- Lot Size Source: Estimated
- Lot Dimensions: 0.00 x 0.00
- Street/Road Desc.: US Highway/Interstate
- Zoning: COM
Financial Considerations
- Price Per Sq. Ft.: $94.2
- Assessment Year: 2023
- School Tax: $7,453
- City/TownTax: $249
- City/TownTax Freq: Annually
- County Tax: $1,905
- County Tax Freq: Annually
- Tax w/Assessment: $248,800
- Tax Amount: $9,606
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Ownership: Fee Simple
- Lot Number: 5831
Listed by Century 21 Keim Realtors, Loren K Keim
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Schools
Schools serving 1563 Old Route 22
School District:Kutztown Area School District
Rating | Name | Grades | Distance |
---|---|---|---|
50 Trexler Ave, Kutztown, PA 19530 | 9-12 | 7.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1563 Old Route 22
Date
Details
Price
Change
Source
3/28/2024
Listed
$1,300,000
490.91%
MLS
6/07/2022
Sold
$220,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1563 Old Route 22
Year
Property Taxes
Change
Tax Assessment
Change
2023
$9,606
—
$248,800
—
2022
$9,606
—
$248,800
—
2021
$9,606
—
$248,800
—
2020
$9,606
—
$248,800
—
2019
$9,606
—
$248,800
—
2018
$9,606
—
$248,800
-1%
2017
$9,589
—
$250,200
—
2016
$9,589
—
$250,200
—
2015
$9,589
2%
$250,200
—
2014
$9,412
—
$250,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1563 Old Route 22
1563 Old Route 22, Lenhartsville, PA 19534 (MLS# PABK2041422) is a Apartment property. 1563 Old Route 22 is currently listed for $1,300,000 and was received on March 28, 2024. Want to learn more about 1563 Old Route 22? Do you have questions about finding other Apartment real estate for sale in Lenhartsville? You can browse all Lenhartsville real estate or contact a Coldwell Banker agent to request more information.