1563 Old Route 22
Greenwich, Pennsylvania 19534, United States

Greenwich, Pennsylvania 19534, United States
Listed By CENTURY 21 Keim Realtors

The Commercial for Sale located at 1563 Old Route 22 Greenwich Pennsylvania 19534 with 15 bathrooms is currently for Sale, 1563 Old Route 22 Greenwich Pennsylvania 19534 is listed for $1,500,000. If the property located at 1563 Old Route 22 Greenwich Pennsylvania 19534 isn't what you're looking for, search Pennsylvania Real Estate to see other Commercial for Sale in Greenwich .

MLS#: 721939

$1,500,000 USD

Total rooms
15
The details

Property features

Date Updated: Jun 17, 2024

Construction details

Year built
1935

Area

Land/Lot size
39,902m² (9.86ac)
Bathrooms
15
Total rooms
15

Description

UNIQUE INVESTMENT OPPORTUNITY in this 19 unit investment property situated on just shy of 10 acres 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 storages spaces, and a commercial garage space. Plenty of value add/upside potential with rent increases and the potential to add more units. Check with zoning and local municipality regarding options. All residential units are fully-occupied with current leases/security deposits in place. Owner pays W/S/T and common electric. All utilities are separate and tenants pay heat(electric), electric, and cable. New roofs were recently put on all the main buildings and commercial garage. There is an on-site manager and maintenance person in place(rents are reduced for their services) making for a more efficient/hands-free experience for the owner. Currently priced at an 8.4% cap rate based on current rents. Don't miss out on this opportunity!!!

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Location

1563 Old Route 22, Greenwich, Pennsylvania 19534, United States
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