Attention Investors! Don't miss this turnkey investment opportunity with immediate rental income. This Lebanon City property is tenant-occupied by a long-term resident currently on a month-to-month lease at $1,450 per month, with the tenant paying all utilities, including water and sewer. Even better, all kitchen appliances are owned and supplied by the tenant, reducing the owner's maintenance and replacement costs.
Current ownership expenses are limited to annual real estate taxes, mortgage, and approximately $823 per year for homeowner's insurance. The tenant has expressed a strong desire to remain in the home, providing an excellent opportunity for continued cash flow. Should the new owner choose to occupy the property or pursue another use, the tenant will require a 60-day notice to vacate.
Whether you're adding to an established portfolio or purchasing your first investment property, this income-producing home offers immediate returns and a reliable tenant in place. Schedule your showing today and explore the potential this property has to offer.
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Listing Snapshot
Price
$155,000
Days On Site
69 Days
Bedrooms
3
Inside Area (SqFt)
1,392 sqft
Total Baths
1
Full Baths
1
Partial Baths
N/A
Lot Size
0.03 Acres
Year Built
1930
MLS® Number
PALN2027660
Status
Active
Property Tax
$1,739
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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