$1,300,000 USD
Multi Family Home for Sale, 1563 Old Route 22, Greenwich Twp, Pennsylvania 19534
- MLS#734264
- 22
- 16
1,282 m² (13,801 ft²)
Listed By CENTURY 21 Keim Realtors
The Multi Family Home for Sale located at 1563 Old Route 22, Greenwich Twp, Pennsylvania 19534 is currently for sale. 1563 Old Route 22, Greenwich Twp, Pennsylvania 19534 is listed for $1,300,000. This property has 22 bedrooms, 16 bathrooms.
Property features
Property
- Property size:
1,282 m² (13,801 ft²)
Lot/Land
- Land/Lot size:
39,902 m² (9.86 ac)
Construction
- Year built: 1935
Parking/Garage
- Parking spaces: 40
Bedrooms
- Bedrooms: 22
Bathrooms
- Total bathrooms: 16
- Full bathrooms: 16
View
- Features: Water View
Utilities
- Other utilities: Septic TankWell
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 12% based on current rents and occupancy. Don't miss out on this unique opportunity!!!
Location
1563 Old Route 22, Greenwich Twp, Pennsylvania 19534