1438 N 7th Street

LEBANON, PA 17046

  • 0 Bed(s)
  • 0 Bath(s)
  • 0 Sqft
  • 4792
    Sqft(Lot)
$229,900

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-Family

  • Subdivision

    None Available

  • County

    LEBANON

  • Style

    Traditional,Side-by-Side,Unit/Flat

  • AD ID

    46425514

Sell a home like this and save $13,295 Find Out How

Statistics Bottom Ads 1
Google Ads

Property Details

  • 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

  • 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

  • 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

    • Possession: Settlement
    • Days Of Market: 4

  • Tax Information

    • Annual Tax: $1,776
    • Tax Year: 2023
    • Total Taxes Payment Frequency: Annually

    Possession

    • Settlement

    Assessment Information

    • Taxes Assessment Amount: $72,900

  • 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 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.
Statistics Bottom Ads 2
Google Ads
Sidebar Ads 1
Google Sidebar Ads
Learn More about this Property
Message allows only 500 character
Sidebar Ads 2
Google Sidebar Ads
Sidebar Ads 2
Google Sidebar Ads

Data provided by Bright MLS. Property information is for the users personal, non-commercial use. Information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties that appear on the website may no longer be for sale, and may be under contract or sold. ©2020 Bright MLS, All Rights Reserved. Information is reliable but not guaranteed.

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.