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.