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$ 1,300,000
Est. payment | /mo
13,801 SqFt
$ 1,300,000
Est. payment | /mo
13,801 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 13,801 sqft
Price per Sqft $94
MLS Listing ID 733730
Year Built 1935
Annual Tax Amount $9,606
Lot Size 9.860 Acres
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
Interior
Cooling Window ACs
Exterior
Garage Spaces 40.0
Building
Sewer Septic
Water Well
New Construction No
Others
Financing Cash,Conventional
Special Listing Condition Not Applicable
Listed by CENTURY 21 Keim Realtors
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
heather.m@morganelliproperties.com
1124 Linden Street, Bethlehem, Pennsylvania, 18018, USA