1438 N 7th Street
LEBANON, PA 17046
- – beds
- – baths
- 1,728 sqft
- 4,792 sqft lot
- $141 per sqft
- 1945 build
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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.
Listing courtesy of BRIGHT / TeamPete Realty Services, Inc.
Last checked:
Checking…
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Last updated Oct 17, 2024
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MLS# PALN2015892 —
The Building
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Year Built:1945
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Year Built Source:Estimated
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Year Major Reno/Remodel:2021
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New Construction:No
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Construction Materials:Other, Vinyl Siding
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Structure Type:Detached
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Architectural Style:Traditional, Side-by-Side, Unit/Flat
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Building Units Total:2
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Roof:Architectural Shingle
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Accessibility Features:None
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Foundation Details:Stone
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Basement:Yes
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Basement Type:Interior Access, Partial, Dirt Floor
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Total SqFt Source:Estimated
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Total Below Grade SqFt Source:Estimated
Interior
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Interior Features:Carpet, Floor Plan - Traditional
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Flooring Type:Carpet, Luxury Vinyl Tile
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Fireplace:No
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Wall & Ceilings:Dry Wall
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:1728
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Living Area SqFt:1,728 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, Conventional, FHA, VA
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Buyer Financing:Conventional
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Possession:Settlement
Location
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Directions: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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Latitude:40.35787000
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Longitude:-76.42209000
The Property
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Property Subtype:Duplex
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Property Type:Multi-Family
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Property Condition:Good
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Lot Size Units:Square Feet
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Lot Size Acres:0.11
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Lot Size Source:Estimated
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Lot SqFt:4,792 Sqft
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Inclusions:Range and Refrigerator in both units.
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Exclusions:All Laundry Washers and Dryers are Tenant Owned and are Excluded.
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Zoning:RESIDENTIAL
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Other Structures:Above Grade, Below Grade
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Water View:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:102
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (717) 756-4717
- Office phone:
- (717) 697-7383
Taxes
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Tax ID Number:27-2338521-376014-0000
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Tax Year:2023
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Tax Annual Amount:$1,776
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Tax Assessed Value:$72,900
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Year Assessed:2024
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School Tax:1340.0
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County Tax:320.00
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City/Town Tax:115.00
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Total Taxes Payment Frequency:Annually
The Listing
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Close Sale Type:Standard Sale
Heating & Cooling
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Cooling Type:Window Unit(s)
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Central Air:No
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Baseboard - Electric
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Heating Fuel:Electric
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Electric
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Water Source:Public
Schools
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School District Name:Cornwall Lebanon
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School District Source:Listing Agent
The Community
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Subdivision Name:None Available
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Pool:No Pool
Parking
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Garage:No
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Type of Parking:Off Street, Parking Lot
Extra Units
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# of Units:2
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Vacation Rental:No
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Two Bedroom Units:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
9/16/24
Sep 16, 2024
|
BRIGHT | $245,000 | 6.6% | |
7/28/24
Jul 28, 2024
|
BRIGHT | |||
7/24/24
Jul 24, 2024
|
BRIGHT |