1563 OldLenhartsville, PA 19534

  • Investment properties
  • 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
Investment properties
Property subtype
Multifamily properties

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

1563 Old, Lenhartsville, Pennsylvania

Location Insight

City
Lenhartsville
County
Berks
State
Pennsylvania
Latitude
40.573
Longitude
-75.8834

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