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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. 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. Basing on a 8% cap resale rate on a building with very little deferred maintenance when completed, the numbers look like this. Value=$1,140,000 minus repairs estimated to be $304,000 minus your purchase price ($460,000) = immediate equity. ($376,000) Rehab Rental. 9% Cap Rate value at $1500 er month x6 units = $1,018,000 rehab $350,000. Plans are prepared and approved for 6 unit all 2 bedrooms. Looking for $460,000 or best reasonable offer.
| DAYS ON MARKET | 28 | LAST UPDATED | 9/28/2025 |
|---|---|---|---|
| YEAR BUILT | 1945 | COMMUNITY | Lebanon City (13201) |
| COUNTY | LEBANON | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | LEBANON |
|---|
| 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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