BEDS0
BATHS
MLS#PALN2023054
STATUSACTIVE
PROPERTY TYPECommercial -
SCHOOLLEBANON
Property Description
Build your own investment. This investor special is ready to be put together. This project has an approved plan for 6-2 bedroom units. !!!!Just updated to 9-2 bedroom units!!!! Each unit is spec’ed at having a washer and dryer hookup along with air conditioning. These will be top of the market brand new rentals achieving top rents. Proforma was based on current middle rents. 9 units @$1,400 per month = $151,200 per year minus trash, estimated taxes & misc =$141,900 9% cap rate = $1,577,000 value $400,000-$450,000 estimated construction costs to get there $1,577,000 minus $450,000 construction costs minus purchase price= instant equity!
Property Features
Property Type: Commercial -
Cooling: Central A/C
Fuel Type: Electric
Heating: Forced Air
Lot Size: 0.27 Acres
Taxes: $3,541
Year Built: 1945
Feature Descriptions
Lot Dimensions: 0.27 Acre(S)
Municipality: LEBANON CITY
Sewer: No Septic System, Public Sewer
Total Garage/Parking Spaces: 21
Water: Public
Local Schools
School District: LEBANON
Listed By / Shown By
Listed By
Agency Name: Manor West Realty
Agency Phone: 7172908182
Shown By
Agent Name: Homesale Realty Careers Team
Agent Phone: (800) 383-3535
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First American
122 Cumberland Street | MLS# PALN2023054
This commercial property located at 122 Cumberland Street, Lebanon, PA 17042 is currently listed for sale with an asking price of $370,900. Cumberland Street is located within the LEBANON school district. Search Lebanon real estate on www.homesalecareers.com today.