Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1935
Sq.Footage
N/A
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!!!
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Window Unit(s)
-
Heating YN
YES
-
Heating
Electric, Baseboard
Exterior
-
Garage
No
-
Construction Materials
Aluminum Siding, Frame, Stucco, Vinyl Siding
-
Parking
Parking Lot
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
9.86
-
Property Type
Commercial Sale
Price
-
Sales Price
$1,300,000
-
Tax Amount
9606.0
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Sewer
Septic Tank
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Location
County
BERKS
Elementary School
Middle School
High School
Listing Courtesy of Loren K Keim , Century 21 Keim Realtors
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Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.
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