122 CUMBERLAND STREET, LEBANON, PA 17042
LEBANON County
Key Facts
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!
Property Information
Property Type
Commercial Sale
Year Built
1945
Living Area
11,761 sq ft
Lot Size
0.27 acres
Parking Spaces
20
Zoning
COMMERCIAL
Days on Market
159
MLS® Listing#
PALN2023054
Property Features
Appliances
Cooling
Heating
Parking
Construction
Sewer
Water Source
Schools
- District:
- LEBANON
Financial Details
Annual Taxes
$3,541
Tax year 2025
Assessed Value
$107,700
Parcel Number
04-2341039-369525-0000
Directions
from Lincoln st. 422 west to property on left
Affordability Calculator
$74,180
Estimated monthly payment
$1,974/mo
Principal $296,720 · Est. interest $413,951 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in LEBANON, PA
- $423,232
- Median Listing Price
- 63
- Median Days on Market
- 1,772
- Median Sq Ft
- $223
- Median Price / Sq Ft
- 251
- Active Listings
- This home’s price is 12% below the area median.
- Its price per sq ft is 86% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in LEBANON, PA.
Location
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Points of Interest in LEBANON, PA
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| LEBANON ( BUSINESS ONLY), LEBANON, PA | $260,000 | — | — | — |
| LEBANON, LEBANON, PA | $260,000 | — | — | — |
| 750 Washington Rd 1204, Mt Lebanon, PA | $268,500 | 2 | 2 | 1,354 |
| 428 S 7TH STREET, LEBANON, PA | $269,000 | 3 | 2 | 1,367 |
| 239 Barth Ave, Mt Lebanon, PA | $274,900 | 3 | 1 | — |
| 127 N 9TH STREET, LEBANON, PA | $275,000 | 5 | — | 3,259 |
Moving Cost Estimate
EXIT Agents in LEBANON
Listing Courtesy: Manor West Realty - 7172908182