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Key Details
Sold Price $197,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,848 sqft
Price per Sqft $106
MLS Listing ID PALN2016626
Sold Date 10/15/24
Style Traditional
Abv Grd Liv Area 1,848
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $2,580
Tax Year 2024
Lot Size 1,742 Sqft
Acres 0.04
Property Description
YOU’RE LOOKING AT A GREAT INVESTMENT OPPORTUNITY!
Here’s a tastefully updated duplex, with a strong rental history, in a great city location--just a two-block walk to WellSpan Good Samaritan Hospital and ancillary medical facilities; one block to bus service; walking distance to shopping, dining, banking, the local YMCA, Lebanon Community Library and so much more. Whether you’re a seasoned investor, or you just starting your rental portfolio, this one offers great returns. Both units are currently rented month-to-month. The first-floor unit comes open for new tenancy on October 1st, so you may want to enjoy the perks of owner-occupancy—live in one unit, take the financial benefit of owner-occupied interest rates, and generate rental income from your second unit. That’s the TRIFECTA!
All appliances convey, including the washer/dryer, located in the basement. The laundry can be accessed from an interior door in the first-floor apartment, or via the exterior Bilco-style door on the rear porch. The basement floor is concrete, walls are stone. Three electric services are in place. Two electric water heaters have been recently replaced. Rental units are equipped with electric baseboard heat, and tenant-paid electric. The oil-forced warm air system remains in place, with connection to the second floor. The first-floor unit could also be connected to the FWA system, at the new owner’s discretion.
Currently, the first-floor tenant rents the rear paved parking area and carport. The second-floor apartment includes a rear balcony, an interior staircase, and exterior stairs to the rear lawn.
Ask your agent to provide the Current Income/Expense report. Showings commence on October 1st. ACT QUICKLY—This one is offered just in time to make your purchase within the current tax year!
Location
State PA
County Lebanon
Area Lebanon City (13201)
Zoning RMD
Rooms
Basement Full, Interior Access, Outside Entrance, Unfinished
Interior
Hot Water Electric
Heating Baseboard - Electric, Forced Air
Cooling Window Unit(s)
Flooring Vinyl, Carpet
Equipment Washer, Dryer, Oven/Range - Electric, Refrigerator
Fireplace N
Appliance Washer, Dryer, Oven/Range - Electric, Refrigerator
Heat Source Electric, Oil
Exterior
Garage Spaces 1.0
Carport Spaces 1
Utilities Available Cable TV, Natural Gas Available
Waterfront N
Water Access N
Roof Type Shingle
Accessibility 2+ Access Exits, 32\"+ wide Doors
Parking Type Detached Carport, On Street
Total Parking Spaces 1
Garage N
Building
Lot Description Rear Yard
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
Structure Type 9'+ Ceilings,Dry Wall,Plaster Walls,Paneled Walls
New Construction N
Schools
School District Lebanon
Others
Tax ID 01-2339815-369168-0000
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Christine Nolt • Kingsway Realty - Lancaster
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