42-46 S 8TH Street

Lebanon, PA 17042
  • $600,000
Sold - 03/31/2017
$600,000
SOLD - 03/31/2017
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 23,166
    SQFT
  • $28
    $/SQFT
Neighborhood:
Type:
Commercial
County:
Area:

School Ratings & Info

Description

Great investment opportunity! Recent rent increases has increased the annual gross income by over $10k. The Bell Building located on the corner of S 8th St & Chestnut Sts in downtown Lebanon has 19 units-(4) 1 bedroom, (14)2 bedroom apartments, Separate retail space and 12 private off-street parking spaces. 18 units are currently occupied with 1 unit being renovated. Coin-operated laundry available for tenant use.Add'l info available.

© 2017 Keystone MLS Network, Inc. All information provided is deemed reliable but is not guaranteed and should be independently verified.
www.lancasterhome.com/homes/60263673

42-46 S 8TH Street Lebanon, PA 17042

  • Price: $649,900
  • Status: Closed
  • Updated: 53 min ago
  • MLS #: 247332
0
Beds
0
Baths
0
½ Baths
0.12
Acres
23,166
SQFT
$28
$/SQFT
Neighborhood:
city ward 1
County:
Lebanon
Area:
Lebanon
Property Description
Great investment opportunity! Recent rent increases has increased the annual gross income by over $10k. The Bell Building located on the corner of S 8th St & Chestnut Sts in downtown Lebanon has 19 units-(4) 1 bedroom, (14)2 bedroom apartments, Separate retail space and 12 private off-street parking spaces. 18 units are currently occupied with 1 unit being renovated. Coin-operated laundry available for tenant use.Add'l info available.
Exterior Features

Construction Masonry Exterior Brick Improvement Heights 3 Story Location Corner Lot Size Less Than .25 Ac Lot Size Dimensions 148X34/200X33 Off Street Parking Spaces 12 Parking Off Site Private Rail None Road Access City Road Road Frontage 67 Roof FlatOther - See Remarks Topography Level Truck Door Heights Not Applicable Truck Doors Not Applicable

Interior Features

Avail Retail Sq Ft 3630.00 Ceiling Heights 8 - 10 Ft Hot Water Electric HVAC Central AirHeat Pump

Property Features

Annual County Tax 2500.65 Annual Municipal Tax 3479.26 Annual School Tax 15220.38 Assessment 759500.00 Association No Association Fee Includes Other - See Remarks Commerical Type Commercial Current Use Apartment BuildingRetail Space Electric System 500 - 800 Amps Features Amenities Basement Form Of Ownership Fee Simple Fuel Tanks None Gross Income 131620.00 Mixed Use Yes Municipality Or Township Lebanon City Net Income 86139.24 Operating Expenses 24280.47 Possible Use Apartment BuildingRetail Space Sale Rental Units Sewer Public Sewer Sq Ft From Public Record Yes Total Tax Expenses 20638.27 Total Taxes 21200.29 Utilities Available Above Ground UtilCable TvGasSewerWater Water Public Water Zoning Commercial Zoning Free Form Commercial

Listing provided courtesy of Berkshire Hathaway Homeservices Homesale Realty: (717) 273-3774. © 2017 Keystone MLS Network, Inc.
© 2017 Keystone MLS Network, Inc. All information provided is deemed reliable but is not guaranteed and should be independently verified.
The Craig Hartranft Team, Berkshire Hathaway Homesale Realty
150 North Pointe Blvd.
Lancaster PA, 17601