711 Chestnut St, Lebanon, PA 17042

Property Description

AUCTION PROPERTY. Auction date is Saturday, October 25th @ 2PM. List price is opening bid price only and is not indicative of the final sale price. TERMS: 10% down day of auction, balance 90 days or before. Buyer pays both transfer taxes (2% of sale price). REAL ESTATE: "2½ Story Brick 3 Unit Investment Dwelling" Apt. #1: 1030 SF w/ 2 bedrooms. Apt. #2: 800 SF w/2 bedrooms. Apt. #3: 530 SF w/1 bedroom. Each unit has a kitchen w/appliances, bath, living room, full basement, gas HW heat, separate furnace electric, cable & laundry hookup in lower level. Historic area of the city. Walking distance to farmers market & Harding Elementary School. Easy rental units w/modest rents. Current gross income: $26,575/year. Projected 2025 gross income: $30,900/year. Zoned RHD. NOTE: After 20 years, owners downsizing & serious to sell. Low maintenance rental/investment 3 unit w/low taxes. Solid return on investment property in convenient location. PROPERTY CAN ONLY BE SHOWN DURING OPEN HOUSES. OPEN HOUSE DATES: October 4, 11 & 18 from 1 to 4PM.