$1,300,000

1563 Old Route 22 Lenhartsville, PA 19534

Estimated payment $7,693/month

Total Views 30,075
22 Beds
16 Baths
13,801 Sq Ft
$94 Price per Sq Ft

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!!!

Listing Agent

Shane Keyser

CENTURY 21 Keim Realtors Listed on: 03/12/2024

CENTURY 21 Keim Realtors

Co-Listing Agent

Loren Keim

CENTURY 21 Keim Realtors

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,606

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Commercial
  • County Assessment: 248800.00
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1935
  • Adult Comm55 Over Y N: No
  • Special Features: None

Interior Features

  • Bathrooms: 16
  • Full Bathrooms: 16
  • Bedrooms: 22
  • Square Footage: 13801

Exterior Features

  • Construction: Frame

Garage/Parking

  • Parking Spaces: 40

Utilities

  • Cooling: Window ACs
  • Heat Type: Baseboard, Electric
  • Sewer: Septic
  • Water: Well
  • Electric: 1200
  • Insurance: 3876
  • Trash Removal: 1548
  • Water Sewer: 900

Condo/Co-op/Association

  • Lawn Snow Removal: 600
  • Maintenance Repair: 1800

Fee Information

  • Operating Expense: 19530

Lot Info

  • Acres: 9.860
  • Lot Sq Ft: 429502
  • Zoning Code: Village/Rural

Tax Info

  • Assessor Parcel Number: 45541512865831
  • County Taxes: 1905.06
  • Municipal Taxes: 248.80
  • Total Taxes: 9606.42

Multi Family

  • School Taxes: 7452.56
  • Total Units: 21
  • Total Unit Count: 21

MLS Schools

  • School District: Not Applicable

Map

Range of Values:

Collateral Analytics

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ICE

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2024 03/12/24 For Sale $1,300,000 -- $94 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $220,000 None Listed On Document
Deed $335,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $200,000 Seller Take Back
Source: Public Records

Source: Greater Lehigh Valley REALTORS®

MLS Number: 734264

Greater Lehigh Valley REALTORS®

APN: 45-5415-12-86-5831

Pennsylvania Berks County Lenhartsville 19534

1563 Old Route 22, Lenhartsville, PA

This home is located at 1563 Old Route 22, Lenhartsville, PA 19534 and is currently priced at $1,300,000, approximately $94 per square foot. This property was built in 1935. 1563 Old Route 22 is a home located in Berks County with nearby schools including Kutztown Area Senior High School.

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.

Greater Lehigh Valley REALTORS® 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.

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Shane Keyser
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CENTURY 21 Keim Realtors
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