201 E CHERRY ST Palmyra, PA 17078

283169595 40.308144 -76.59254 230 /listing/283169595-150474843/201-e-cherry-st-palmyra-pa-17078 False 0 335000.0 3840 105 PALN116446 True
$335,000
  • 3,840 sqft
  • 0.37 lot
  • Est payment $1798.35/mo

Property & Neighborhood Info

Courtesy Of RE/MAX Cornerstone

Multi Family in PALMYRA

Exceptional opportunity to own a 4 unit investment property in a residential neighborhood in Palmyra, Lebanon County with off street parking and garages for added income. This 3840 sq.ft 2-story building offers two 1 bedroom units and two 2 bedroom units. Extremely well maintained apartment for low maintenance ownership. Newer windows, Aluminum wrapped windows and soffit, and teak porches. Tenants maintain lawn and hedges.You will not find nicer units in the area. Ample parking, huge yard, solid wood flooring, updated kitchens and bathrooms, and very large units make this building stand out. Units are below market due to good, long-term tenants. Potential to raise rents without additional upgrades. All units occupied... Net income. $26,494 Gross income $40,560. See Docs attached for cost break down. Potential for rent increase.24 hr notice for showings.Please follow CDC guidelines, wear a mask, practice social distancing, and limit the number of people at showing appointment.

Courtesy Of RE/MAX Cornerstone
  1. 3,840 Sq. Ft.
  2. 0.37 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1900
  • Garage: 3.0
  • School District: PALMYRA AREA
  • County: Lebanon County
  • Taxes: $4,891.00
  • Tax Year: 2020
  • Units: 4
  • Zoning: Residential Converted To Apart
  • MLS Number:PALN116446

Additional Features

  • # of Rooms:
    • 0
  • Assessment Year:
    • 2020
  • Cap Rate:
    • 7.91
  • Fireplaces Total:
    • 0
  • Gross Income:
    • 40560.00
  • Heating Exp:
    • 250.00
  • Inclusions:
    • 3 Stoves, 3 refrigerators
  • List Type (Exclusive):
    • Exclusive Right
  • MLSSystem ID:
    • BRIGHT
  • Net Operating Income:
    • 26494.00
  • Price Per SQFT:
    • 87.24
  • Total Parking Spaces:
    • 3
  • Unit 1 Bed Total Units:
    • 2
  • Fireplace Y/N:
    • No
  • Air Conditioning:
    • No
  • Water Access:
    • No
  • Cooling Fuel:
    • None
  • New Construction:
    • No
  • Owner Pays:
    • Trash Collection
    • Taxes - Real Estate
    • Heat
    • Insurance
    • Sewer
    • Water
  • Possession:
    • Settlement
  • Cooling:
    • None
  • Heating Fuel:
    • Oil
  • Waterfront:
    • No
  • Accessibility Features:
    • Other
  • Gross Income Includes:
    • Other
    • Apartment Rentals
  • Heating:
    • Hot Water
  • Sewer:
    • Public Sewer
  • Water Heater:
    • Oil
  • Rental Features:
    • No
  • Water Source:
    • Public
Neighborhood info courtesy of Homes.com © 2020

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
RE/MAX Cornerstone
RE/MAX Cornerstone
(717) 273-5501
931 Russell Drive Ste A Lebanon PA 17042
no name available RE/MAX Cornerstone
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40.308144 -76.59254

201 E CHERRY ST Palmyra, PA 17078

283169595 40.308144 -76.59254 230 /listing/283169595-150474843/201-e-cherry-st-palmyra-pa-17078 False 0 335000.0 3840 105 PALN116446 True
  • $335,000
  • 3,840 sqft
  • 0.37 lot
  • Est payment $1798.35/mo