UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PALN2023054
Year Built 1945
Available Date 2025-09-29
Annual Tax Amount $3,541
Tax Year 2025
Lot Size 0.270 Acres
Acres 0.27
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
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!
Location
State PA
County Lebanon
Area Lebanon City (13201)
Zoning COMMERCIAL
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Electric
Exterior
Garage Spaces 21.0
Water Access N
Accessibility None
Total Parking Spaces 21
Garage N
Building
Sewer No Septic System, Public Sewer
Water Public
New Construction N
Schools
School District Lebanon
Others
Tax ID 04-2341039-369525-0000
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Nearby Locations
"Jon's passion for real estate and his love for Virginia are a perfect match. He has made it his mission to help local residents sell their homes quickly and at the best possible prices. Equally, he takes immense pride in assisting homebuyers in finding their perfect piece of paradise in Virginia."
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