1438 N 7TH ST Lebanon, PA 17046

Welcome to 1438 N 7TH ST, a well-maintained, turnkey two-unit investment property located in North Lebanon Township. This property offers a fantastic opportunity for investors with its positive cash flow and established tenant occupancy. Both units are currently rented on month-to-month leases, ensuring immediate income potential.

Another great option would be for someone to live on one side and rent out the other side.

Property Features:
* Two Units: The property comprises two spacious units, each offering comfortable living spaces for tenants.
* Positive Cash Flow: Both units are tenant-occupied, providing steady rental income. Current Leases produce $4,856 Annual Net Income. Rents should be increased to minimally $1,160 per month which would increase the Annual Net Income to just under $10,000.
* Month-to-Month Leases: Flexible lease terms allow for easy management and potential rent adjustments.
Recent Improvements:
1. Updated Kitchens: Both Kitchens are completely reframed and finished.
2. 1436 – New Paint, carpet, kitchen cabinets, counters, and kitchen flooring.
3. 1438 – Complete Remodel with new drywall, carpet, kitchen flooring, kitchen cabinets, countertop, sink, bathtub, sink, toilet and heaters.
4. Roof Maintenance: The kitchen Roof was replaced in 2021. The main roof was replaced in 2006 with 40 Year Shingles.
5. HVAC Systems: Both units feature updated electric baseboard heaters.
6. Electrical and Plumbing Upgrades: Both Panels have been updated to 200 Amp Square D panels. New Water Heaters installed. 1438 in 2022 and 1436 in 2018.
7. The Exterior Siding was replaced in 2019 except North Side.
Prime Location:
Situated in a convenient location, in Cornwall Lebanon School District,1438 N 7TH ST is close to local amenities, including schools, parks, shopping centers, and dining options. Its strategic position makes it attractive to potential tenants, ensuring low vacancy rates.
Investment Highlights:
This property is perfect for investors looking to expand their portfolio with a hassle-free, income-generating asset. With its strong rental history, recent upgrades, and desirable location, 1438 N 7TH ST is an excellent investment opportunity that promises long-term value.
Don't miss out on this prime investment opportunity! Contact us today to schedule a viewing and explore the potential of 1438 N 7TH ST, Lebanon, PA.