1563 Old Route 22 Lenhartsville, PA 19534
Estimated payment $7,653/month
About This Home
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!!!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,606
Year Built
- Built in 1935
Lot Details
- 9.86 Acre Lot
Parking
- 40 Parking Spaces
Home Design
- 13,801 Sq Ft Home
- Commercial or Retail Space
- Frame Construction
Bedrooms and Bathrooms
- 22 Bedrooms
- 16 Full Bathrooms
Utilities
- Window Unit Cooling System
- Baseboard Heating
- Well
- Septic System
Listing and Financial Details
- Assessor Parcel Number 45541512865831
Community Details
Overview
- 21 Units
Building Details
- Electric Expense $1,200
- Insurance Expense $3,876
- Maintenance Expense $1,800
- Trash Expense $1,548
- Water Sewer Expense $900
- Operating Expense $19,530
- Gross Income $163,800
- Net Operating Income $144,270
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,616 | $248,800 | $68,600 | $180,200 |
| 2024 | $9,778 | $248,800 | $68,600 | $180,200 |
| 2023 | $9,606 | $248,800 | $68,600 | $180,200 |
| 2022 | $9,606 | $248,800 | $68,600 | $180,200 |
| 2021 | $9,606 | $248,800 | $68,600 | $180,200 |
| 2020 | $9,606 | $248,800 | $68,600 | $180,200 |
| 2019 | $9,606 | $248,800 | $68,600 | $180,200 |
| 2018 | $9,606 | $248,800 | $68,600 | $180,200 |
| 2017 | $9,589 | $250,200 | $68,600 | $181,600 |
| 2016 | $2,053 | $250,200 | $68,600 | $181,600 |
| 2015 | $2,053 | $250,200 | $68,600 | $181,600 |
| 2014 | $2,053 | $250,200 | $68,600 | $181,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/12/2024 03/12/24 | For Sale | $1,300,000 | -- | $94 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $220,000 | None Listed On Document | |
| Deed | $335,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $200,000 | Seller Take Back |
Source: Greater Lehigh Valley REALTORS®
MLS Number: 734264
APN: 45-5415-12-86-5831
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
- 21 Blue Rocks Rd
- 314 Mountain View Ln
- 6168 Greenawalt Rd
- 750 Mountain Rd
- 258 Kohlers Hill Rd
- 360 Reservoir Rd
- 38 Grandview Rd
- 32 Farview Rd
- 123 Kohlers Hill Rd
- 100 Kohlers Hill Rd
- 660 Onyx Cave Rd
- 147 Scout Rd
- 572 Old U S 22
- 139 Hepner Rd
- 15 Gift Rd
- 1391 Moselem Springs Rd
- 333 New Bethel Church Rd
- 1634 Moselem Springs Rd
- 875 Krumsville Rd
- 1670 Moselem Springs Rd
- 133 Schock Rd
- 1754 Rte 143
- 201 Farview Rd Unit 4
- 191 Virginville Rd
- 610 Pine St
- 313 Northmont Ave
- 212 State St Unit 7
- 2200 Lifestyle Ln
- 392 Five Locks Rd Unit SUITE 5
- 339 E Walnut St
- 403 W Main St
- 403 W Main St
- 302 W Main St
- 168 W Main St Unit 3F
- 168 W Main St Unit 2F
- 24 S Elm St Unit 103
- 139 Normal Ave
- 46 E Normal Ave
- 238 Grim Rd
- 417 Riviera Dr