122 CUMBERLAND ST Lebanon, PA 17042
0.27 Acres Lot
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
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
