122 Cumberland St, Lebanon, PA 17042
- $370,900
Listing courtesy of Manor West Realty. Contact: (717) 290-8182
- List Price
- $370,900
- Price Change
- ▼ $5,000 1772830666
- Days on Market
- 348
- Status
- ACTIVE
- MLS#
- PALN2023054
- Lot Size (Acres)
- 0.27
- Year Built
- 1945
- County
- Lebanon
- School District
- Lebanon
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!
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Additional Information
- Area
- Lebanon City (13201)
- Taxes
- $3541
- School District
- Lebanon
- Heating
- Forced Air
- Heating Fuel
- Electric
- Cooling
- Central A/C
- Water
- Public
- Sewer
- No Septic System, Public Sewer