122 CUMBERLAND ST, Lebanon, PA 17042
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David Burris

David Burris

+1(609) 304-4202
Listed by Jonathan Gordon • Manor West Realty
$ 370,900
Est. payment | /mo

0.27 Acres Lot

Save
$ 370,900
Est. payment | /mo
Save

0.27 Acres Lot

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

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!

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

Bright MLS (BMLS)

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David Burris
David Burris

Principal / Agent License ID: 1973254

+1(609) 304-4202

513 S Lenola Rd, Moorestown, NJ 08057, United States

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122 CUMBERLAND ST

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