Description
Welcome to 1438 n 7th st, a well-maintained, turnkey two-unit investment property located in north lebanon township. this property offers a fantastic opportunity for investors with its positive cash flow and established tenant occupancy. both units are currently rented on month-to-month leases, ensuring immediate income potential.
another great option would be for someone to live on one side and rent out the other side.
property features:
* two units: the property comprises two spacious units, each offering comfortable living spaces for tenants.
* positive cash flow: both units are tenant-occupied, providing steady rental income. current leases produce $4,856 annual net income. rents should be increased to minimally $1,160 per month which would increase the annual net income to just under $10,000.
* month-to-month leases: flexible lease terms allow for easy management and potential rent adjustments.
recent improvements:
1. updated kitchens: both kitchens are completely reframed and finished.
2. 1436 – new paint, carpet, kitchen cabinets, counters, and kitchen flooring.
3. 1438 – complete remodel with new drywall, carpet, kitchen flooring, kitchen cabinets, countertop, sink, bathtub, sink, toilet and heaters.
4. roof maintenance: the kitchen roof was replaced in 2021. the main roof was replaced in 2006 with 40 year shingles.
5. hvac systems: both units feature updated electric baseboard heaters.
6. electrical and plumbing upgrades: both panels have been updated to 200 amp square d panels. new water heaters installed. 1438 in 2022 and 1436 in 2018.
7. the exterior siding was replaced in 2019 except north side.
prime location:
situated in a convenient location, in cornwall lebanon school district,1438 n 7th st is close to local amenities, including schools, parks, shopping centers, and dining options. its strategic position makes it attractive to potential tenants, ensuring low vacancy rates.
investment highlights:
this property is perfect for investors looking to expand their portfolio with a hassle-free, income-generating asset. with its strong rental history, recent upgrades, and desirable location, 1438 n 7th st is an excellent investment opportunity that promises long-term value.
don't miss out on this prime investment opportunity! contact us today to schedule a viewing and explore the potential of 1438 n 7th st, lebanon, pa.
Property Type
Multi-FamilySubdivision
None AvailableCounty
LEBANONStyle
Traditional,Side-by-Side,Unit/FlatAD ID
46425514
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
Interior Features
- Carpet,Floor Plan - Traditional
- Roof : Architectural Shingle
- Basement Description: Interior Access,Partial,Dirt Floor
Roofing Information
- Architectural Shingle
Heating & Cooling
- Cooling: Window Unit(s)
- Heating: Baseboard - Electric
- Cooling Fuel: Electric
- Heating Fuel: Electric
-
Exterior Features
Building Information
- Year Built: 1945
- Structure: Detached
- New Construction: No
- Total Units: 2
- Built: 1945
- Construction Material: Other,Vinyl Siding
- Roof: Architectural Shingle
- Foundation/Basement: Stone
- Architecture: Traditional,Side-by-Side,Unit/Flat
- Pool/Private: No Pool
- Roof Type: Architectural Shingle
Pool Information
- Pool: No Pool
Utility Features
- Sewer: Public Sewer
Water
- Water Heat: Electric
-
Property / Lot Details
Lot Information
- Lot Size: 4,792
- Lot Size (Acres): 0.11
- Architectural Style: Traditional,Side-by-Side,Unit/Flat
- Main Square Feet: 4,792
Property Information
- SQ ft: 1,728
- SQ ft (Living Area): 1,728
- Total Lot SQ ft: 4,792
- Subdivision: NONE AVAILABLE
- Financing: Cash,Conventional,FHA,VA
- Total Acreage: 0.11
- New Construction: No
- Type: Traditional,Side-by-Side,Unit/Flat
-
Listing Information
Listing Information
- Possession: Settlement
- Days Of Market: 4
-
Taxes / Assessments
Tax Information
- Annual Tax: $1,776
- Tax Year: 2023
- Total Taxes Payment Frequency: Annually
Possession
- Settlement
Assessment Information
- Taxes Assessment Amount: $72,900
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Parking Information
- Parking Type: Off Street,Parking Lot
Multi-Unit Information
- Acceptable Financing: Cash,Conventional,FHA,VA
- Roof: Architectural Shingle
Homeowners Association Information
- Direction: From Harrisburg take interstate I81 North to exit 85A to merge onto PA 934 South. Take US22 East to PA 343. Stay on PA 343 approximately 8 Miles to property on left.
-
School, Utilities & Location Details
School Information
- School District: CORNWALL-LEBANON
Utility Information
- Water Source: Public
- Sewer: Public Sewer
- Cooling Fuel: Electric
- Heating Fuel: Electric
- Hot Water: Electric
Location Information
- Direction: From Harrisburg take interstate I81 North to exit 85A to merge onto PA 934 South. Take US22 East to PA 343. Stay on PA 343 approximately 8 Miles to property on left.
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BuyOwner last updated this listing 09/07/2024 @ 21:43
- MLS: PALN2015892
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: BRIGHT MLS
is a Other, with 0 bedrooms which is recently sold, it has 0 sqft, 4,792 sized lot, and 0 parking. and are nearby neighborhoods.