122 CUMBERLAND ST Coming Soon Save Request In-Person Tour Request Virtual Tour
Lebanon,PA 17042
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Coming Soon
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
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.
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