PA > Greenwich Township > Not In Development
Greenwich Township, PA 19534,1563 Old Route 22
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Greenwich Township, PA 19534,1563 Old Route 22
Greenwich Township, PA 19534,1563 Old Route 22
Greenwich Township, PA 19534,1563 Old Route 22
Greenwich Township, PA 19534,1563 Old Route 22
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Michael Gibbons

Michael Gibbons

+1(610) 704-9709
$ 1,300,000
Est. payment /mo
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Active

1563 Old Route 22 Greenwich Township, PA 19534

22 Beds

16 Baths

13,801 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 13,801 sqft

Price per Sqft $94

Subdivision Not In Development

MLS Listing ID 734264

Bedrooms 22

Full Baths 16

HOA Y/N No

Year Built 1935

Annual Tax Amount $9,606

Lot Size 9.860 Acres

Acres 9.86

Property Sub-Type Commercial

Property Description

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!!!

Location

State PA

County Berks

Area Lenhartsville

Direction From Rt. 78, take the Lenhartsville exit and go right at the stop sign toward Lenhartsville. Left at the next stop sign onto Old Rt. 22. Over the bridge to property on the left.

Interior

Heating Baseboard, Electric

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Water Access Desc Well

Total Parking Spaces 40

Building

Sewer Septic Tank

Water Well

Schools

School District Not Applicable

Others

Senior Community No

Tax ID 45541512865831

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Listed by CENTURY 21 Keim Realtors

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Michael Gibbons
Michael Gibbons

Agent | License ID: RS362721

+1(610) 704-9709 | thegratefulagentmg@gmail.com

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1563 Old Route 22