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709 Chestnut Street

LEBANON, PA 17042
  • $339,900
  • STATUS: Active
  • ON SITE: 26 days
  • ID#: PALN119384
Price Reduced
$339,900
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1960
County:

School Ratings & Info

School District:

Description

Wow! This is a true showstopper!!! A great chance to own a beautiful brick 5 unit in a wonderful location in the City of Lebanon. With 4 residential units and 1 commercial unit, this build has a gross income of over $43,000 a year! There are 4 residential unit. Each unit is a large 1 bedroom 1 bathroom unit. The commercial space is a very nice professional space that would be great for retail or office space. Two large rooms and a bathroom. All 5 units have separate water heaters and electric meters. Each resident is responsible for paying for their respective electric bill, which covers their hot water. This property currently operates at a 10.27% cap rate and has tremendous cash flow! If you are looking to add a nice property to your portfolio or looking for your first investment, look no further! This will NOT last long! Call today!

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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Iron Valley Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-06-19T23:52:02.11.
www.amandakrallteam.com/homes/117547156
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709 Chestnut Street LEBANON, PA 17042

  • Price: $339,900
  • Status: Active
  • ID#: PALN119384
0
Beds
0
Baths
0
½ Baths
0.06
Acres
1960
Built
Neighborhood:
Lebanon City (13201)
County:
Lebanon
Area:
Lebanon City (13201)
School District:
Lebanon
Property Description
Wow! This is a true showstopper!!! A great chance to own a beautiful brick 5 unit in a wonderful location in the City of Lebanon. With 4 residential units and 1 commercial unit, this build has a gross income of over $43,000 a year! There are 4 residential unit. Each unit is a large 1 bedroom 1 bathroom unit. The commercial space is a very nice professional space that would be great for retail or office space. Two large rooms and a bathroom. All 5 units have separate water heaters and electric meters. Each resident is responsible for paying for their respective electric bill, which covers their hot water. This property currently operates at a 10.27% cap rate and has tremendous cash flow! If you are looking to add a nice property to your portfolio or looking for your first investment, look no further! This will NOT last long! Call today!
Exterior Features

Construction Materials Brick Garage YN No Parking Types On Street Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 0.00 Cooling None Heating Radiant Heating YN Yes Net Square Feet 0.00

Property Features

Accessibility Features None Assessment Year 2021 Association YN No Business Type ProfessionalApartment Building Central Air YN No Cooling Fuel None Heating Fuel None Hot Water Electric Municipality Lebanon City Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 304617313977 Ownership Interest Fee Simple Possession Coin W/Sell Sett Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 3164.00 Tax Assessment Amount 108500.00 Vacation Rental YN No Water Source Public Zoning Residential

Listing courtesy of Country Home Real Estate.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Iron Valley Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-06-19T23:52:02.11.
 
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Iron Valley Real Estate
1958 Quentin Road
Lebanon PA, 17042