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

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

The Multi Family House for Sale located at 1563 Old Route 22 Greenwich Township Pennsylvania 19534 with 22 bedrooms, 16 bathrooms, Water View, Parking is currently for Sale, 1563 Old Route 22 Greenwich Township Pennsylvania 19534 is listed for $1,300,000. If the property located at 1563 Old Route 22 Greenwich Township Pennsylvania 19534 isn't what you're looking for, search Pennsylvania Real Estate to see other Homes for Sale in Greenwich Township .

MLS#: 734264

$1,300,000 USD

Type
Multi Family
Bedrooms
22
Bathrooms
16
Home/Lot size
1,282m² (13,801ft²)
The details

Property features

Date Updated: Dec 21, 2024

Key features

Water View
Parking

Construction details

Year built
1935

Area

Property size
1,282m² (13,801ft²)
Land/Lot size
39,902m² (9.86ac)
Bedrooms
22
Bathrooms
16
Total rooms
38

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!!!

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Location

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