PA > Lebanon
Lebanon, PA 17046,Address not disclosed
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Lebanon, PA 17046,Address not disclosed
Lebanon, PA 17046,Address not disclosed
Lebanon, PA 17046,Address not disclosed
Lebanon, PA 17046,Address not disclosed
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Shalisha Ragland

Shalisha Ragland

+1(703) 593-6181
Listed by Aaron Glick • Lime House
$ 459,000
Est. payment /mo
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Price Dropped by $10K

Address not disclosed Lebanon, PA 17046

5,227 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 5,227 sqft

Price per Sqft $87

MLS Listing ID PALN2022104

Style Traditional

HOA Y/N N

Abv Grd Liv Area 5,227

Year Built 1945

Annual Tax Amount $3,837

Tax Year 2025

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Other

Source BRIGHT

Property Description

Turn-key 4-unit mixed-use brick building with commercial space located in a desirable area of Lebanon. Property features a first-floor restaurant leased for $1,500/month on a 5-year term with 5% annual increases—lease includes a clause allowing a new owner to modify or terminate. Residential units include one 2-bedroom apartment renting for $1,300/month and two 1-bedroom units renting for $1,100 and $1,000. A detached 1-car garage is currently rented for $150/month. Tenants pay electric (baseboard heat), and the restaurant has mini-split heating and cooling with a gas boiler backup. The building has updated plumbing and wiring within the last 2 years and is well-maintained with long-term tenants in place. Annual rental income is approximately $66,600 with fixed expenses of $9,275. Great investment opportunity in a strong and stable rental market.

Location

State PA

County Lebanon

Area Lebanon City (13201)

Zoning 319 COMM

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling None

Fireplace N

Heat Source Natural Gas

Exterior

View Y/N N

Water Access N

Roof Type Shingle

Accessibility None

Garage N

Private Pool N

Building

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade

New Construction N

Schools

Middle Schools Lebanon

High Schools Lebanon

School District Lebanon

Others

Pets Allowed N

Senior Community No

Tax ID 04-2337712-370543-0000

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Bank Portfolio, Cash, Conventional, Exchange

Horse Property N

Listing Terms Bank Portfolio, Cash, Conventional, Exchange

Financing Bank Portfolio,Cash,Conventional,Exchange

Special Listing Condition Standard

Bright MLS (BMLS)
agent

Shalisha Ragland

Agent | License ID: 663450

+1(703) 593-6181

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