122 CUMBERLAND ST, Lebanon, PA 17042
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John Coleman

John Coleman

+1(202) 427-9689
Listed by Jonathan Gordon • Manor West Realty
$370,900
Est. payment /mo
0.27 Acres Lot
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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. !!!!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

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

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122 CUMBERLAND ST

John Coleman
John Coleman

REALTOR® | OWNER | License ID: SP98375761

+1(202) 427-9689 | john@colemanresidential.com

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