Investment Property for Sale -- Commercial / Multi-Unit $925,000

Published 23 March 08 10:47 PM | Bob Wells Realty Group 

Investment - Multi-Unit - Commercial Property for Sale

Commercial Building for Sale -- Investment Property for Sale

This multi-unit,  mixed use building offers 8 residential apartments (one and 2 bedroom) and 4 commercial units.

Fully Occupied.   All in excellent condition and up to code.

$90,000 gross annual income. 8% CAP rate.

On-site parking, on busy Route 72 in Lebanon County. Terrific opportunity for investors and/or 1031 Exchange. 

Commercial tenants include Greystone Bank, a Realty Office, a Debt-Collection Office and a Retail Space. 

 

546 S. 9th Street 
546 S. 9th Street
Lebanon, PA 17042
County: Lebanon
 
 Contact:

Jeannie Kontis, Realtor
717-286-9712
Jeannie@JeannieSellsLancaster.com

   Photos
 
  For Sale -- ACTIVE

 

Primary Type:Multifamily
Garden/Low-Rise
No. Units:12
Building Size:9,792 SF
Lot Size:0.49 Acres
Occupancy:100.00%
Price:$925,000
Price/Unit:$77,083.33
Cap Rate:8.00%
Year Built:1984

 

 

Property Description:
High Visibility -- Multi-family Mixed Use Building. Residential apartments and Commercial/Retail/Office space. Total of 4 Commercial Spaces and 8 Residential Apartments in convenient, highly popular area. Plenty of on-site parking.
Building is located directly across the street from the Quality Inn on busy Route 72 @ the gateway to the city.
Continue use as an investment property, or move your business into one of the commercial spaces. All Units are up to code and in very good condition.

Location Description:
Located along Route 72, at a 5-way intersection. Directly across the street from the Quality Inn in Lebanon, at the Gateway to the city offers High Visibility for your growing professional business or retail needs. Great investment. On-site parking.

 Highlights 
•High Visibility•Well-maintained Investment Property
 
•On-Site parking, Signage•Residential Apartments -- 8 Units
 
•Commercial/Retail Units -- 4 Units  
 Financial Summary  
Scheduled Gross Income:$90,000
Operating Expenses:$16,463
Net Operating Income:$73,537
  

 

Contact Jeannie Kontis, Realtor
 directly for additonal information and to arrange your confidential showing. 
Email:  Jeannie@JeannieSellsLancaster.com
Tel:  717-330-5137

   

 

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