1563 Old Route 22 Greenwich Township, Pennsylvania
Listed By CENTURY 21 Keim Realtors
The Multi Family Home for Sale located at Greenwich Township, Pennsylvania is currently for sale. Greenwich Township, Pennsylvania is listed for $1,300,000. This property has 22 bedrooms, 16 bathrooms, Water View, Parking features. If the property located at Greenwich Township, Pennsylvania isn't what you're looking for, visit https://www.century21global.com to see other Multi Family Homes for Sale in Greenwich Township .
Date Updated : Jan 9, 2025
MLS#: 734264
$1,300,000 USD
- TypeMulti Family Home
- Bedrooms22
- Bathrooms16
- Home/Lot size1,282m² (13,801ft²)
Property features
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!!!