PA > Lebanon
Lebanon, PA 17042,122 CUMBERLAND ST
Listed by Jonathan Gordon • Manor West Realty
$460,000
Est. payment /mo
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0.27 Acres Lot
New

122 CUMBERLAND ST Lebanon, PA 17042

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Chris Fleming

Chris Fleming

+1(908) 283-0602

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

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

Bright MLS (BMLS)

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Chris Fleming

Chris Fleming

NJ - Sales Assoicate | License ID: 2298483

+1(908) 283-0602

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