USAPALebanon122 Cumberland St
122 Cumberland St, Home with 0 bedrooms, 0 bathrooms and null parking in LEBANON PA | Image 1
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$460,000

122 Cumberland St, Lebanon, PA

Real Estate

For Sale

$--,---,---
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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $3,541
Days Active 3
Approx. Age 1945
MLS® Number PALN2023054

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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. 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. Basing on a 8% cap resale rate on a building with very little deferred maintenance when completed, the numbers look like this. Value=$1, 140, 000 minus repairs estimated to be $304, 000 minus your purchase price ($460, 000) = immediate equity. ($376, 000) Rehab Rental. 9% Cap Rate value at $1500 er month x6 units = $1, 018, 000 rehab $350, 000. Plans are prepared and approved for 6 unit all 2 bedrooms. Looking for $460, 000 or best reasonable offer.Show Description
MLS® NumberPALN2023054
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1945
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatForced Air, Electric
A/CCentral A/C, Electric
Heating Fuel

Extras

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