Tom Boeshore
BEDS0
BATHS
MLS#PABK2041422
STATUSACTIVE
PROPERTY TYPECommercial -
SCHOOLKUTZTOWN AREA
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 10% based on current rents and occupancy. Don't miss out on this unique opportunity!!!
Property Features
Property Type: Commercial -
Cooling: Window Unit(s)
Fuel Type: Electric
Heating: Baseboard - Electric
Lot Size: 9.86 Acres
Roof Type: Flat, Shingle
Taxes: $9,606
Year Built: 1935
Feature Descriptions
Building Name: MAIDENCREEK MOTEL
Electric: 200+ Amp Service
Exterior: Aluminum Siding, Frame, Stucco, Vinyl Siding
Flooring: Tile/Brick, Wood, Carpet
Location: Suburban
Lot Dimensions: 9.86 Acre(S)
Municipality: GREENWICH TWP
Sewer: On Site Septic
Total Garage/Parking Spaces: 40
Units: 19
Utilities: Electric Available, Phone, Cable TV Available
Water: Well
Local Schools
School District: KUTZTOWN AREA
Listed By / Shown By
Listed By
Agency Name: Century 21 Keim Realtors
Agency Phone: 6103950393
Shown By
Agent Name: Tom Boeshore
Agent Phone: Cell: (410) 739-4071
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First American
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
1563 Old Route 22 | MLS# PABK2041422
This commercial property located at 1563 Old Route 22, Lenhartsville, PA 19534 is currently listed for sale with an asking price of $1,300,000. Old Route 22 is located within the KUTZTOWN AREA school district. Search Lenhartsville real estate on www.tomboeshorerealtor.com today.