1563 Old Highway 22

1563 Old Highway 22

Lenhartsville, PA 19534

$1,300,000
Price
21
Beds
15
Baths
13,801 Sq. Ft.
$94 / Sq. Ft.
13,801
Sq. Ft.
$94
per Sq. Ft.
an aerial view of a house with a yard
a view of a house with a swimming pool
a view of outdoor seating area
a view of a yard with a lake
a view of lake
a house with trees in front of it
a view of street with trees
a view of a yard with chairs
a view of a swimming pool with an outdoor space and seating area
a front view of a house with a yard
a front view of a house with a yard
a front view of a house with a yard
a view of a house with a large window
a view of front door of a house
an aerial view of a house with a yard and lake view
a view of a swimming pool with a patio
a view of outdoor space
a view of a city
a view of a yard with wooden fence
a view of a lake with a mountain
a view of an ocean
a kitchen with granite countertop a refrigerator stove top oven and sink
a bathroom with a toilet a sink and bathtub
a view of an empty room with wooden floor and a window
an empty room with wooden floor and windows
a white refrigerator freezer sitting inside of a kitchen
a bedroom with bed or couch and a flat screen tv
a bathroom with a sink and a mirror
a bathroom with a sink vanity and mirror
a bathroom with a shower and toilet
a kitchen with stainless steel appliances granite countertop a stove a sink and a refrigerator
a view of entryway
a view of a utility room with wooden floor
a view of a room with wooden floor
a view of an empty room with a window
a view of an empty room with a window
a kitchen with granite countertop a refrigerator a stove a sink dishwasher and wooden cabinets with wooden floor
a bathroom with a sink a mirror and vanity
a bathroom with a sink a toilet and bathtub
a view of an empty room with a window
a bathroom with a toilet and a shower
a view of livingroom with furniture and window
an empty room with wooden floor and windows
an empty room with wooden floor and windows
a view of roof

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...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!
  1. Listed by Shane R. Keyser • CENTURY 21 Keim Realtors

Property Details for 1563 Old Highway 22

Area
Lenhartsville
Sub division
Not in Development

Location

Listing Courtesy of CENTURY 21 Keim Realtors
Add your commute
LISTING UPDATED: 03/12/2024 11:41 AM

Property Details for 1563 Old Highway 22

StatusAvailable
MLS #734264
Days on Market48
Taxes$9,606 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Commercial
Year Built1935
Lot Size9.86 AC / 429,502 SF
CountyBerks County

Location

Listing Courtesy of CENTURY 21 Keim Realtors
Add your commute

Building Information for 1563 Old Highway 22

Stories-Residences20Year Built1935Building Size-Lot Size9.86 AC / 429,502 SF

Payment Calculator

$7,895 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,095

Property Taxes

$801

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1563 Old Highway 22

Summary
Location and General Information
  • Directions: From Rt. 78, take the Lenhartsville exit and go right at the stop sign toward Lenhartsville. Left at the next stop sign onto Old Rt. 22. Over the bridge to property on the left.
  • School District: Not Applicable
Parking
  • ParkingSpaces: 40
Taxes and HOA Information
  • Association: Lehigh Valley MLS
  • County Taxes: $1,905.06
  • Lawn Snow Removal: $600
  • Maintenance Repair: $1,800
  • Management: 0
  • Municipal Taxes: $248.80
  • School Taxes: $7,452.56
  • Total Taxes: $9,606.42
Property
Lot Information
  • Acres: 9.86
  • APN: 45541512865831
  • Zoning Code: Village/Rural
Property and Assessments
  • County Assessment: $248,800.00
  • Property SubType Category: Commercial
  • Square Footage Source: Tax Records
  • Adult Comm 55 Over: No
Utilities
  • Cooling: Window ACs
  • Electric: 1200
  • Gas: $0
  • Sewer: Septic
  • Water: Well
  • Water Sewer: 900
Interior and Exterior Features
Exterior Features
  • Construction: Frame
Interior Features
  • Heat: $0
  • Heat Type: Baseboard, Electric
Multi Family
Multi-Family Information
  • Gross Income: $153,000.00
  • Insurance: $3,876
  • Net Income: $133,470.00
  • Operating Expense: $19,530
  • Other Expenses: $0
  • Trash Removal: 1548
  • Total Unit Count: 20
  • Total Units: 20
Unit 1
  • Unit Total1 Bedroom: 11
Unit 2
  • Unit Total2 Bedrooms: 2
Unit 3
  • Unit Total3 Bedrooms: 2

Property History for 1563 Old Highway 22

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1563 Old Highway 22

Taxable ValueLand$68,600Additions$180,200Total$248,800
Tax Record2023$9,606 ($801 / month)
Home Facts
Total Finished SqFt4,176 SqFtAbove Grade Finished SqFt4,176 SqFtStories1Lot Size429,502 SqFtStyleHotel / MotelYear Built1935CountyBERKSAPN5415-12-86-5831

Schools near 1563 Old Highway 22

This home is within Kutztown Area School District.
Rating
School
Type
Grades
Distance
Greenwich-Lenhartsville El School
Public - K to 5
Kutztown Area Middle School
Public - 6 to 8
Kutztown Area Senior High School
Public - 9 to 12
Kutztown El School
Public - K to 5
Rating
School
Distance
Greenwich-Lenhartsville El School
PublicK to 5

Kutztown Area Middle School
Public6 to 8

Kutztown Area Senior High School
Public9 to 12

Kutztown El School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1563 Old Highway 22, Lenhartsville, PA 19534

1563 Old Highway 22 is a multi-family home for sale in Lenhartsville, PA 19534. This property was listed for sale on March 12, 2024 by CENTURY 21 Keim Realtors, it's currently listed at $1,300,000. It has been on the market for a total of 48 days and was last sold on June 7, 2022. This listing's school district is Kutztown Area School District. Nearby schools include Greenwich-Lenhartsville El School, Kutztown Area Middle School and Kutztown Area Senior High School. 1563 Old Highway 22 is a 21-bed, 15-bath, 13,801 sqft multi-family home built in 1935.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CENTURY 21 Keim Realtors

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.