NOT LISTED FOR SALE

709 Chestnut St Lebanon, PA 17042

Downtown Lebanon Neighborhood
-- Bed
-- Bath
-- Sq Ft
2,614 Sq Ft Lot

Last Sold September 09, 2021

Last sale price $289,000

58 Days on Market

Highlights

  • Federal Architecture
  • No HOA
  • Radiator

About This Home

As of September 2021

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! This is Cross listed as Multi-family and Commercial

Last Agent to Sell the Property

Isaac Spearman

Renaissance Realty Sales, LLC Listed on: 05/24/2021

Co-Listed By

David Hyson

Howard Hanna Real Estate Services-York

Last Buyer's Agent

Adam Druck

Coldwell Banker Realty License #RS0038815

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,211

Year Built

  • Built in 1960

Lot Details

  • 2,614 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Federal Architecture
  • Brick Exterior Construction

Utilities

  • Radiator
  • Radiant Heating System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • The owner pays for gas
  • Assessor Parcel Number 01-2338411-368866-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,211

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Federal
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Expected On Market: 2021-05-25
  • Year Built: 1960
  • Automatically Close On Close Date: No
  • Remarks Public: 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! This is Cross listed as Multi-family and Commercial
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 709

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator, Radiant
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: LEBANON
  • School District Key: 300200397291
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 94400.00
  • Land Assessed Value: 14100.00
  • Land Use Code: 201
  • Lot Size Acres: 0.06
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2614.00
  • Year Assessed: 2021
  • Zoning: RESIDENTIAL

Rental Info

  • Owner Pays: Gas
  • Total Actual Rent: 41940.00
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 10305202
  • School Tax: 2357.00
  • Tax Annual Amount: 3211.00
  • Assessor Parcel Number: 01-2338411-368866-0000
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: Yes
  • Tax Year: 2021
  • Close Date: 09/09/2021

MLS Schools

  • School District Name: LEBANON

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2021 09/09/21 Sold $289,000 -9.7% --
07/21/2021 07/21/21 Pending -- -- --
07/12/2021 07/12/21 Price Changed $319,900 -5.9% --
06/17/2021 06/17/21 Price Changed $339,900 -1.4% --
06/10/2021 06/10/21 Price Changed $344,900 -1.4% --
06/02/2021 06/02/21 For Sale $349,900 0.0% --
05/26/2021 05/26/21 Pending -- -- --
05/24/2021 05/24/21 For Sale $349,900 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Isaac Spearman

    Seller's Agent in 2021

    Isaac Spearman

    Renaissance Realty Sales, LLC

    (717) 825-8466

    3 in this area

    85 Total Sales

    Isaac Spearman
    Section Image

  • D

    Seller Co-Listing Agent in 2021

    David Hyson

    Howard Hanna

    (717) 870-8213

    2 in this area

    56 Total Sales

    David Hyson
    Section Image
  • Adam Druck

    Buyer's Agent in 2021

    Adam Druck

    Coldwell Banker Realty

    (717) 487-2579

    1 in this area

    285 Total Sales

    Adam Druck
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PALN119402

Bright MLS
Pennsylvania Lebanon County Lebanon 17042 Downtown Lebanon

709 Chestnut St, Lebanon, PA

This home is located at 709 Chestnut St, Lebanon, PA 17042 since 24 May 2021. This property was built in 1960. 709 Chestnut St is a home located in Lebanon County with nearby schools including Harding Elementary School, Lebanon Intermediate School, and Lebanon Senior High School.

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