$1,300,000
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1563 Old Route 22 Greenwich Township, PA 19534
Investment
Residence
21
Beds
15
Baths
13,801
Sq. Ft.
9.86
Acre
Lot
Property Activity
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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 commerci...al 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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MLS#
734264
Property Type
Investment
Bedrooms
21
Bathrooms
15 Full
Year Built
1935
Square Feet
13,801
sq. ft
Lot Size
9.86
Sewer
Septic
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