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1438 N 7TH ST Lebanon, PA 17046
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Key Details
Sold Price $245,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,728 sqft
Price per Sqft $141
Subdivision None Available
MLS Listing ID PALN2015878
Sold Date 09/16/24
Style Traditional,Side-by-Side,Unit/Flat
Bedrooms 2
Full Baths 1
HOA Y/N N
Abv Grd Liv Area 1,728
Originating Board BRIGHT
Year Built 1945
Annual Tax Amount $1,776
Tax Year 2024
Lot Size 4,792 Sqft
Acres 0.11
Property 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.
Location
State PA
County Lebanon
Area North Lebanon Twp (13227)
Zoning RESIDENTIAL
Rooms
Basement Interior Access, Partial, Dirt Floor
Interior
Interior Features Carpet, Floor Plan - Traditional
Hot Water Electric
Heating Baseboard - Electric
Cooling Window Unit(s)
Flooring Carpet, Luxury Vinyl Tile
Fireplace N
Heat Source Electric
Exterior
Garage Spaces 4.0
Water Access N
Roof Type Architectural Shingle
Accessibility None
Total Parking Spaces 4
Garage N
Building
Story 2
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Traditional, Side-by-Side, Unit/Flat
Level or Stories 2
Additional Building Above Grade, Below Grade
Structure Type Dry Wall
New Construction N
Schools
School District Cornwall-Lebanon
Others
Senior Community No
Tax ID 27-2338521-376014-0000
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard
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Bought with Samuel Groff • Iron Valley Real Estate of Lancaster
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