Turn-key 4-unit mixed-use brick building with commercial space located in a desirable area of Lebanon. Property features a first-floor restaurant leased for $1,500/month on a 5-year term with 5% annual increases—lease includes a clause allowing a new owner to modify or terminate. Residential units include one 2-bedroom apartment renting for $1,300/month and two 1-bedroom units renting for $1,100 and $1,000. A detached 1-car garage is currently rented for $150/month. Tenants pay electric (baseboard heat), and the restaurant has mini-split heating and cooling with a gas boiler backup. The building has updated plumbing and wiring within the last 2 years and is well-maintained with long-term tenants in place. Annual rental income is approximately $66,600 with fixed expenses of $9,275. Great investment opportunity in a strong and stable rental market.
Property Features
Heating Information
Natural Gas
Forced Air
Parking
Off Street
Parking Lot
Cooling Information
None
Water Features
Public
School Information
School Information for 225 N 8TH STREET, LEBANON, PA 17046