122 CUMBERLAND STREETLEBANON, PA 17042
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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!
| 4 days ago | Listing updated with changes from the MLS® | |
| a month ago | Price changed to $399,900 | |
| 3 months ago | Status changed to Active | |
| 3 months ago | Listing first seen on site |
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