THE OFFERING

Property Address 42-46 S. 8th Street, Lebanon, PA 17042

Municipality City of Lebanon

List Price $899,000

Gross Potential Rents $151,680

NOI $85,063

SITE DESCRIPTION

Parcel Size 0.27 Acres

Total Square Feet 23,756

Year Built 1900 (#42); 1950 (#46)

Parking 12 Vehicle Spaces Off-Street

Zoning CBD-Central Business District

Assessment ID# 01-2338081-368841-000001-2338128-368814-0000

CONSTRUCTION

Construction Type Brick

Number of Floors Four (4) & Two and a half (2.5)

Number of Units Nineteen (19) ResidentialOne (1) Commercial

Unit Mix Four (4) One-bedroom unitsFifteen (15) Two-bedroom unitsOne (1) Commercial unit

HVAC Electric Heat Pump; Central Air

Roof Rubber (2017)

Utilities Electric; Gas; Public Water & Sewer

John Thiry, CCIMBroker of Record717 292 8400jthiry@thirycommercial.com

F O R M O R EI N F O R M AT I O N

P L E A S EC O N TA C T

For Sale20-UNIT MULTIFAMILY INVESTMENT

The Bell Building

2017 Improvements: New rubber roof, parking resurfacing, six (6) new heat pumps, new laundry facility and new high-efficiency lighting in the common areas.

The Bell BuildingFINANCIAL OVERVIEW

LISTING AGENT IS PARTNER/OWNER OF PROPERTY. NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED.

OFFERING SUMMARY

PRICE $899,000

Down Payment $179,800

Gross Square Feet 23,756

Unit Count 20

Price / Unit $44,950

Parcel Size 0.27 Acres

Type of Ownership Fee Simple

Cap Rate 9.46%

Net Operating Income $85,063

Net Cash Flow after Debt Service $29,291

Cash/Cash Return 16.3%

Total Return 17.3%

FINANCING*

First Trust Deed Loan Amount $719,200

Loan Type fully amortizing

Interest Rate 4.75%

Amortization 20 years

*Loan information is intended to reflect lending available on the open market. No seller financing is implied or available.

ANNUALIZED OPERATING DATA

INCOME

Gross Collected Rent $151,680

Parking / Laundry $3,740

Gross Collected Income $155,420

Vacancy / Collection Allowance 5%

Effective Gross Income $147,649

Total Expenses $62,585

NET OPERATING INCOME $85,063

Debt Service $4,648

Debt Coverage Ratio 1.53

Net Cash Flow After Debt Service $29,291

Principle Reduction $1,800

EXPENSES

Real Estate Taxes $21,200

Insurance $5,924

Management $8,859

Repairs, Maintenance & Utilities $26,603

Total Operational & Management Expenses $62,586