Bought with Robert J Wert • RE/MAX Pinnacle
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Key Details
Sold Price $197,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PALN110146
Sold Date 07/15/20
HOA Y/N N
Year Built 1940
Annual Tax Amount $2,225
Tax Year 2020
Lot Size 2,614 Sqft
Acres 0.06
Lot Dimensions 21 x 132
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Solid Brick, well located, City, 5 Unit. One efficiency, 2 two BR and 2 one BR's, Entrance Foyer security lock. Owner pays Heat, Hot Water, Water, Sewer, and trash removal. Tenants pay their own electric. Reasonable real estate taxes. All units are occupied. 4 tenants are now month to month and one tenant is in the initial term of their one year lease. Scheduled rents are $38,280. , annual expenses or $10,972, Leaves a projected Net Operating Income of $27,308. That's a 12.7% return on the list price of $215,000. Don't hesitate to call and schedule your showing, it won't last long.
Location
State PA
County Lebanon
Area Lebanon City (13201)
Zoning O-I
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling None
Heat Source Natural Gas
Exterior
Garage Spaces 1.0
Water Access N
Accessibility None
Total Parking Spaces 1
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Lebanon
Others
Tax ID 02-2337194-368728-0000
Ownership Fee Simple
Security Features Main Entrance Lock
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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