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Joseph Lam

sales@soldbyturnkey.com +1(856) 305-8329

Listed by Loren Keim • Century 21 Keim Realtors

$1,250,000

Est. payment - /mo

9.86 Acres Lot

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Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision None Available

MLS Listing ID PABK2041422

Year Built 1935

Annual Tax Amount $10,513

Tax Year 2025

Lot Size 9.860 Acres

Acres 9.86

Lot Dimensions 0.00 x 0.00

Property Sub-Type Five Or More Units

Source BRIGHT

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 12.5% based on current rents and occupancy. Don't miss out on this unique opportunity!!!

Location

State PA

County Berks

Area Greenwich Twp (10245)

Zoning COM

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling Window Unit(s)

Flooring Tile/Brick, Wood, Carpet

Heat Source Electric

Exterior

Garage Spaces 40.0

Utilities Available Electric Available, Phone, Cable TV Available

Water Access N

Roof Type Flat,Shingle

Street Surface US Highway/Interstate

Accessibility None

Road Frontage Boro/Township

Total Parking Spaces 40

Garage N

Building

Sewer On Site Septic

Water Well

New Construction N

Schools

School District Kutztown Area

Others

Tax ID 45-5415-12-86-5831

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Joseph Lam

+1(856) 305-8329

Broker Associate | License ID: 0682262

Broker Associate License ID: 0682262

1563 OLD ROUTE 22 Lenhartsville, PA 19534

Joseph Lam

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1563 OLD ROUTE 22