$480,000
$499,900
4.0%For more information regarding the value of a property, please contact us for a free consultation.
7.46 Acres Lot
SOLD DATE : 10/15/2018
Key Details
Sold Price $480,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1001873474
Sold Date 10/15/18
HOA Y/N N
Originating Board BRIGHT
Year Built 1950
Annual Tax Amount $9,779
Tax Year 2018
Lot Size 7.460 Acres
Acres 7.46
Property Description
Property under contract-Backup Offers OnlyPurchase a piece of history here at the old O'Yes Hotel, which has been converted into apartments, right outside of the little village of Ono. HUGE potential in this place.... 20 units with over $10,000 a month rental income. With current net income and asking price, investors are looking at a 5 year return on investment!!!! Over 7 acres of land, most of which is not even being utilized! Property is in need of some repair, but with big investment is sure to come big financial reward. Property is owned by an estate. Listing agent is related to seller.
Location
State PA
County Lebanon
Area East Hanover Twp (13221)
Zoning CA: 201
Interior
Hot Water Electric
Heating Wood Burn Stove, Other
Cooling None
Heat Source Electric, Wood
Exterior
Water Access N
Roof Type Rubber
Accessibility 2+ Access Exits
Garage N
Building
Sewer Public Septic
Water Private/Community Water, Well
New Construction N
Schools
Elementary Schools East Hanover
Middle Schools Northern Lebanon
High Schools Northern Lebanon
School District Northern Lebanon
Others
Tax ID 21-2301653-391675-0000
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Ronald A Shepherd • Shepherd Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
rakan.a@firststatehometeam.com
1521 Concord Pike, Suite 102, Wilmington, DE, 19803, United States