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Pumsu Lim

stagesite-2.test@chime.me +1(506) 970-3459

$ 379,900

Est. payment | -/mo

0.27 Acres Lot

Save

$ 379,900

Est. payment | -/mo

Save

0.27 Acres Lot

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Lot Size 0.270 Acres

MLS Listing ID PALN2023054

Financing Cash,Conventional

Short Sale No

Originating MLS BRIGHT

Available Date 2025-09-29

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!

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

1-purchase type For Sale

Exterior

Garage Spaces 21

Waterfront N

Water Access N

Accessibility None

Parking Type Driveway, Parking Lot

Total Parking Spaces 21

Building

New Construction N

Sewer No Septic System, Public Sewer

Water Public

Schools

School District Lebanon

Others

Tax Amount $3,541

Tax Year 2025

Tax ID 04-2341039-369525-0000

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Special Sale Standard

testyfx76

Listed by Jonathan Gordon • Manor West Realty

122 CUMBERLAND ST Lebanon, PA 17042