1. Pennsylvania
  2. Lebanon
  3. 122 CUMBERLAND ST
$460,000

122 CUMBERLAND ST, Lebanon, PA 17042

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1945
  • Property Lot Size Icon0.27acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 5 days ago

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. 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. Basing on a 8% cap resale rate on a building with very little deferred maintenance when completed, the numbers look like this. Value=$1,140,000 minus repairs estimated to be $304,000 minus your purchase price ($460,000) = immediate equity. ($376,000) Rehab Rental. 9% Cap Rate value at $1500 er month x6 units = $1,018,000 rehab $350,000. Plans are prepared and approved for 6 unit all 2 bedrooms. Looking for $460,000 or best reasonable offer.

Listing Status:
Active
Date Added:
September 29, 2025 at 05:00AM
Listing Office:
Manor West Realty : 7172908182
Listing Agent:
Jonathan Gordon : 7173333614
MLS ID:
PALN2023054
  • A/C: Central A/C
  • Heating: Forced AirElectric
  • Disability Feature: None
  • General: Other
  • Originating MLS: BRIGHT_MAIN
  • School District: LEBANON
  • County: LEBANON-PA
  • Zoning: COMMERCIAL04-2341039-369525-0000
  • Water: Public
  • Sewer: No Septic SystemPublic Sewer
  • Source: BRIGHT_MAIN

This listing courtesy of Jonathan Gordon, Manor West Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

H

Harding Elementary School

622 Chestnut St, Lebanon, PA, 17042

Grades KG-5

0.44 miles away

L

Lebanon Middle School

350 N 8th St, Lebanon, PA, 17046

Grades 6-8

0.66 miles away

L

Lebanon High School

1000 S 8th St, Lebanon, PA, 17042

Grades 9-12

1.00 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.