PA > Lansford
Lansford, PA 18232,110-112 W RIDGE ST
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Lansford, PA 18232,110-112 W RIDGE ST
Lansford, PA 18232,110-112 W RIDGE ST
Lansford, PA 18232,110-112 W RIDGE ST
Lansford, PA 18232,110-112 W RIDGE ST
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Jordan Muirhead

Jordan Muirhead

+1(703) 615-8732
Listed by james J Reardon • eXp Commercial
$ 1,050,000
Est. payment /mo
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110-112 W RIDGE ST Lansford, PA 18232

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PACC2005984

Year Built 1900

Annual Tax Amount $7,484

Tax Year 2022

Lot Dimensions 0.00 x 0.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

HALF A MILLION in Renovations for this Stunning 9-unit multi-family portfolio, including 3 Parcels, full reno on most units and bringing home $127,800 Gross Income and $109,272 Net Income, and a solid 10.4% CAP with Strong Cash On Cash with average financing terms. The owners proudly invested over $500K+ to completely rehab & update new bathrooms, vanities, lighting, hardwood flooring, new carpet, New kitchens, appliances, paint, refinished & new cabinets, & some granite countertops in the kitchens, and a BRAND NEW facade that give major curb appeal and brings light to the community. Other upgrades include a refinished rear deck & balconies, 25+ new windows, new electrical work, new plumbing & new water heaters. These properties have mountain views, stunning curb appeal, a brand-new facade, & a new roof. It's next to a brand-new St. Luke's Hospital & many other Main Street businesses. The property is sold with a clear Certificate of Occupancy & new rental permits issued by the city. 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 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. MOST COMPS in the area are appraising between $120 - $175K/unit with the town expanding with employment demand. This is a recession-proof asset that will mint you money.

Location

State PA

County Carbon

Area Lansford Boro (13409)

Zoning COMMERCIAL

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling Window Unit(s)

Inclusions All appliances

Heat Source Electric

Exterior

Garage Spaces 9.0

Water Access N

View City

Accessibility 2+ Access Exits

Total Parking Spaces 9

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

Elementary Schools Panther Valley

Middle Schools Panther Valley

High Schools Panther Valley Senior

School District Panther Valley

Others

Tax ID 122A2-24-N23

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Bright MLS (BMLS)
agent

Jordan Muirhead

Agent | License ID: 0225206725

+1(703) 615-8732

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110-112 W RIDGE ST

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