Maiden Creek Motel | 1563 Old Route 22
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Maiden Creek Motel 1563 Old Route 22
16 Room Hotel Lenhartsville, PA 19534 $1,880,450 CAD ($117,528 CAD/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 (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
$13,895
|
$1.01
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$13,895
|
$1.01
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Taxes (CAD) | |
|---|---|
| Annual | $13,895 |
| Annual Per SF | $1.01 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $13,895 |
| Annual Per SF | $1.01 |
PROPERTY FACTS
| Price | $1,880,450 CAD | Lot Size | 9.86 AC |
| Price Per Room | $117,528 CAD | 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 | $1,880,450 CAD |
| Price Per Room | $117,528 CAD |
| 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 | $109.93 CAD | - |
1 of 1
PROPERTY TAXES
| Parcel Number | 45-5415-12-86-5831 | Total Assessment | $356,157 CAD (2024) |
| Land Assessment | $98,201 CAD (2024) | Annual Taxes | $13,895 CAD ($1.01 CAD/SF) |
| Improvements Assessment | $257,956 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
45-5415-12-86-5831
Land Assessment
$98,201 CAD (2024)
Improvements Assessment
$257,956 CAD (2024)
Total Assessment
$356,157 CAD (2024)
Annual Taxes
$13,895 CAD ($1.01 CAD/SF)
Tax Year
2023
ZONING
| Zoning Code | Village/Rural |
| Village/Rural |
1 of 50
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Maiden Creek Motel | 1563 Old Route 22
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.