408 Jonestown RdJonestown, PA 17038
- Apartment buildings
- 0.18 AC
Property Details for 408 Jonestown Rd
- Year built
- 1920
- Lot size
- 0.18 AC
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a well-maintained, five-unit apartment building located at 408 Jonestown Road, Jonestown, PA 17038. Built in 1920, this property sits on a 0.18-acre lot and comprises two, two-story buildings. The property features a mix of unit sizes, including three one-bedroom units and two three-bedroom units, all currently occupied by long-term tenants, providing immediate cash flow. The property offers ten parking spaces for residents. The permitted zoning is Medium Density Residential, suggesting potential for future development or expansion (subject to local regulations). The asking price for this turnkey investment is $550,000. This property is ideally situated in Lebanon County, Pennsylvania, offering a blend of location advantages and stable tenancy, making it an attractive proposition for discerning investors seeking a solid return on investment. The property's history of long-term tenants suggests a low vacancy rate and consistent rental income. This is a rare opportunity to acquire a well-established multifamily property in a desirable location. Serious inquiries are encouraged.
Location Insight
- City
- Jonestown
- County
- Lebanon
- State
- Pennsylvania
- Latitude
- 40.4125
- Longitude
- -76.4888
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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