1563 OldLenhartsville, PA 19534
- Residential income homes
- 13,801 SF
For Sale
$1,300,000
View listing
Property Details for 1563 Old
- Year built
- 1935
- Lot size
- 9.86 AC
- Property size (Sq ft)
- 13,801 SF
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a 20-unit multifamily property in Lenhartsville, PA, boasting a substantial 9.86-acre lot. The portfolio comprises a mix of unit sizes: two 3-bedroom units, two 2-bedroom units, eleven 1-bedroom/efficiency units, and three storage spaces. Further enhancing the property's value are a workshop with garage and a separate commercial garage. Recent upgrades include new roofs and windows on all main buildings and the commercial garage. Currently, all 20 units are fully occupied under one-year leases with security deposits in place. The property generates a strong net operating income (NOI) of $133,470, translating to a compelling cap rate exceeding 10%. Owners cover water, sewer, and trash
Location Insight
- City
- Lenhartsville
- County
- Berks
- State
- Pennsylvania
- Latitude
- 40.573
- Longitude
- -75.8834
Comparable in this City
Similar Nearby for Sale
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