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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!
| DAYS ON MARKET | 81 | LAST UPDATED | 11/13/2025 |
|---|---|---|---|
| YEAR BUILT | 1945 | COMMUNITY | Lebanon City (13201) |
| COUNTY | LEBANON | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | LEBANON |
|---|
| PRICE HISTORY | |
| Prior to Nov 13, '25 | $460,000 |
|---|---|
| Nov 13, '25 - Today | $399,900 |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| AREA | Lebanon City (13201) |
| CONSTRUCTION | Other |
| HEAT | Electric, Forced Air |
| LOT | 0.27 acre(s) |
| PARKING | Driveway, Parking Lot |
| SEWER | Public Sewer |
| TAXES | 3541 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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