Active

110-112 W Ridge St

Lansford PA, 18232

$1,000,000


Active

Commercial

Built in 1900

$123K Gross, $105K Net, 10.5% CAP, 20% Cash On Cash @ asking. The owners proudly invested over $300K+ to completely rehab & update this cash-flowing, turnkey 9-unit multi-family portfolio, including 110, 112, & 114 W Ridge. These properties have mountain views, stunning curb appeal, a brand-new facade, & a new roof. It's located next to a brand-new St. Luke's Hospital & many other Main Street businesses. Renovations include mostly new bathrooms, flooring, kitchens, appliances, paint, refinished & new cabinets, & some granite countertops in the kitchens. The property is sold with a clear Certificate of Occupancy & new rental permits issued by the city. Other upgrades include a refinished rear deck & balconies, 25+ new windows, new electrical work, & new water heaters. There are six large 1BR/1BA units, one large 2BR/1BA unit with a deck in the rear, & one enormous, 2-story 4BR/2BA unit with a deck in the rear, plus a veteran-run, long-standing barbershop. All tenants are brand new, clean, & friendly & have 1-year leases. The property is minutes from highways & shopping & is near a police station & a church. Note: The owners love this property but live 1.5 hours away, & due to the distance, they are selling to a lucky buyer. The ownership group lists over 15 multi-family units in addition to this property. Gross projections are $140K+ with 18.8% cash on cash. The owner can fill units or will pay for 1 Month's rent if the unit is vacant at the time of sale.

PACC2004836

MLS ID

September 11, 2024

Listed

November 22, 2024

Updated

Map

110-112 W Ridge St
Lansford PA, 18232

Interior Features

Total Stories

3


Appliances

Electric Water Heater


Fireplace

No


Cooling

Yes


Cooling Description

Window Unit(s)


Heating

Yes


Heating Description

Baseboard, Electric

Exterior/Building Features

Lot Size

0.07 Acres


Sewer

Public Sewer

Other Property Details

Area Name

LANSFORD BORO


Taxes

$7,484


Tax Frequency

Annually


Days on Market

15


Garage

No


Parking

On Street


Parking Total

10


View

Yes


View Description

City


County

CARBON


Water Source

Public


Pool

No

Listing History

Date

Event

Price

10/17/2024

Price change

$1,000,000

-10%

10/17/2024

Active

9/25/2024

Pending

Listed by eXp Commercial
Listing Contact: 4848662495 

The IDX display contains information sourced from the Bright MLS, Inc. as of 11/22/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 11/22/2024 at 4:09 AM UTC

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