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122 CUMBERLAND STREET, LEBANON, PA 17042
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$399,900
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Home Details for 122 CUMBERLAND STREET
Price
$399,900
Type
Commercial/Industrial
Year Build
1945
Lot Size
0.27
County
LEBANON
Tax
$3,541
MLS®️ Listing#
PALN2023054
On exitrealty.com
107 days
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!
- Cooling Information
- Central Air
- Electric
- Heating Information
- Electric
- Forced Air
- Parking
- Driveway
- Parking Lot
- Water Features
- Public
Listing Courtesy: Manor West Realty - 717-290-8182
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which EXIT Realty participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright ©2026 Bright MLS. All rights reserved.
Last Updated: 2025-12-12 09:01:28
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EXIT PREFERRED REALTY
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$399,900
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EXIT PREFERRED REALTY
2105 Laurel Bush Rd. Suite 110, Bel Air, MD 21015