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Maiden Creek 20 Unit 1563 Old U.S. 22 20 Unit Apartment Building $1,799,850 CAD ($89,993 CAD/Unit) 10.27% Cap Rate Lenhartsville, PA 19534
EXECUTIVE SUMMARY
Remarks
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!!!
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!!!
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
$13,300
|
$0.96
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$13,300
|
$0.96
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Taxes (CAD) | |
|---|---|
| Annual | $13,300 |
| Annual Per SF | $0.96 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $13,300 |
| Annual Per SF | $0.96 |
PROPERTY FACTS
| Price | $1,799,850 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $89,993 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 9.86 AC |
| Cap Rate | 10.27% | Building Size | 13,801 SF |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2022 |
| Property Subtype | Apartment |
| Price | $1,799,850 CAD |
| Price Per Unit | $89,993 CAD |
| Sale Type | Investment |
| Cap Rate | 10.27% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 9.86 AC |
| Building Size | 13,801 SF |
| No. Stories | 2 |
| Year Built | 2022 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Smoke Free
- Maintenance on site
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | 45-5415-12-86-5831 | Total Assessment | $350,833 CAD (2025) |
| Land Assessment | $96,733 CAD (2025) | Annual Taxes | $13,300 CAD ($0.96 CAD/SF) |
| Improvements Assessment | $254,100 CAD (2025) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
45-5415-12-86-5831
Land Assessment
$96,733 CAD (2025)
Improvements Assessment
$254,100 CAD (2025)
Total Assessment
$350,833 CAD (2025)
Annual Taxes
$13,300 CAD ($0.96 CAD/SF)
Tax Year
2023
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Maiden Creek 20 Unit | 1563 Old U.S. 22
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