29 CANAL STREET, LEBANON, PA
Just Listed
POSSIBILITIES ABOUND! CAR BUFFS WANTEDS! Use some units for yourself (storage or for car parking) and rent the rest, or rent them all. Here is a unique opportunity to own 7 garage/storage units in the industrial area of Lebanon City. All 7 units are leased with the tenants paying $145/month. Leases are verbal and all tenants have excellent payment history. One unit does not have a security deposit because they are long-term tenants (they were renting prior to current seller’s ownership). Five units’ security deposits are $135 each, and one unit’s is $145. Each “back” unit measures 11’9″x22 ft.; the remaining 4 units (2 on side & 2 in front) measure 10.5×21 ft. The approximate total area of the building is 1,520 sq. ft. In 2022, a professional roofer replaced the roofs on the 3 back units; the old roofing material was removed and new plywood (where needed), roof paper and shingles were installed. The remaining 4 roofs were repaired by owner and are no longer leaking. There are NO UTILITIES in any of the units. Estimating insurance to be approx. $900-1000/yr. Low maintenance property though the garage doors could use some paint. Depending on you intended use, you can spiff up these units easily with some paint or Dry-Lock on the walls and ceiling or leave them alone since current the tenants are happy.