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709 Chestnut Street, Lebanon, PA 17042
$289,000
709 Chestnut Street, Lebanon, PA 17042View this property at 709 Chestnut Street, Lebanon, PA 17042
709 Chestnut StreetLebanonPA17042
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Property Description
Wow! This is a true showstopper!!! A great chance to own a beautiful brick 5 unit in a wonderful location in the City of Lebanon. With 4 residential units and 1 commercial unit, this build has a gross income of over $43,000 a year! There are 4 residential unit. Each unit is a large 1 bedroom 1 bathroom unit. The commercial space is a very nice professional space that would be great for retail or office space. Two large rooms and a bathroom. All 5 units have separate water heaters and electric meters. Each resident is responsible for paying for their respective electric bill, which covers their hot water. This property currently operates at a 10.27% cap rate and has tremendous cash flow! If you are looking to add a nice property to your portfolio or looking for your first investment, look no further! This will NOT last long! Call today!
Full Property Details
Full Property Details for 709 Chestnut St
General
- Sold For: $289,000
- Taxes: $3,164 (2020)
- Status: Closed
- Type: Apartment
- MLS ID: PALN119384
- Added to Site: 1, 078 day(s) ago
Business
- Business Type: Professional, Apartment Building
Parking
- Parking Type: On Street
Location
- Area: Lebanon City (13201)
- Municipality: LEBANON CITY
- County: Lebanon
- Driving Directions: Use GPS (:
Heating & Cooling
- Cooling Type: None
- Heating Type: Radiant
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Stories/Levels: 0
- Year Built: 1960
- Year Built Source: Assessor
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.06
- Lot Size (Sq. Ft.): 2,614
- Lot Size Source: Assessor
- Zoning: RESIDENTIAL
Financial Considerations
- Assessment Year: 2021
- School Tax: $2,310
- City/TownTax: $497
- City/TownTax Freq: Annually
- County Tax: $357
- County Tax Freq: Annually
- Tax w/Assessment: $108,500
- Tax Amount: $3,164
- Tax Year: 2020
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
- Investment: Yes
Listed by Country Home Real Estate, Isaac Spearman
Sold by Lime House, Adam Druck
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Schools
Schools serving 709 Chestnut St
School District:Lebanon School District
Rating | Name | Grades | Distance |
---|---|---|---|
622 Chestnut St, Lebanon, PA 17042 | PK-5 | 0.1 mi | |
350 N 8th St, Lebanon, PA 17046 | 6-8 | 0.4 mi | |
1000 S 8th St, Lebanon, PA 17042 | 9-12 | 0.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 709 Chestnut St
Date
Details
Price
Change
Source
9/09/2021
Sold
$289,000
-9.66%
MLS
7/06/2021
Price Reduced
$319,900
-5.88%
MLS
6/17/2021
Price Reduced
$339,900
-1.45%
MLS
6/10/2021
Price Reduced
$344,900
-1.43%
MLS
5/24/2021
Listed
$349,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
709 Chestnut Street, Lebanon, PA 17042 (MLS# PALN119384) is a Apartment property that was sold at $289,000 on September 09, 2021. Want to learn more about 709 Chestnut Street? Do you have questions about finding other Apartment real estate for sale in Lebanon? You can browse all Lebanon real estate or contact a Coldwell Banker agent to request more information.