Maiden Creek Motel | 1563 Old Route 22
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Maiden Creek Motel 1563 Old Route 22
16 Room Hotel Lenhartsville, PA 19534 $1,300,000 ($81,250/Room) 10.27% Cap Rate
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 | Annual Per SF |
|---|---|---|
| Taxes |
$9,606
|
$0.70
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$9,606
|
$0.70
|
Financial Summary (Actual - 2023)
| Taxes | |
|---|---|
| Annual | $9,606 |
| Annual Per SF | $0.70 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $9,606 |
| Annual Per SF | $0.70 |
Property Facts
| Price | $1,300,000 | Lot Size | 9.86 AC |
| Price Per Room | $81,250 | Building Size | 13,801 SF |
| Sale Type | Investment | No. Rooms | 16 |
| Cap Rate | 10.27% | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1935/1999 |
| Property Subtype | Hotel | Parking Ratio | 2.9/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Price | $1,300,000 |
| Price Per Room | $81,250 |
| Sale Type | Investment |
| Cap Rate | 10.27% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 9.86 AC |
| Building Size | 13,801 SF |
| No. Rooms | 16 |
| No. Stories | 2 |
| Year Built/Renovated | 1935/1999 |
| Parking Ratio | 2.9/1,000 SF |
| Corridor | Exterior |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 16 | $76.00 | - |
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PROPERTY TAXES
| Parcel Number | 45-5415-12-86-5831 | Total Assessment | $248,800 (2024) |
| Land Assessment | $68,600 (2024) | Annual Taxes | $9,606 ($0.70/SF) |
| Improvements Assessment | $180,200 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
45-5415-12-86-5831
Land Assessment
$68,600 (2024)
Improvements Assessment
$180,200 (2024)
Total Assessment
$248,800 (2024)
Annual Taxes
$9,606 ($0.70/SF)
Tax Year
2023
zoning
| Zoning Code | Village/Rural |
| Village/Rural |
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Maiden Creek Motel | 1563 Old Route 22
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