Homes for sale - 110 114 West Ridge Street, Lansford Borough, PA 18...

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Fri

Jan

Sat

Jan

Sun

Jan

Heather McFadden

heather.m@morganelliproperties.com +1(610) 360-1137

$ 999,999

Est. payment | -/mo

12 Beds

10 Baths

9,500 SqFt

Save Virtual Tour

$ 999,999

Est. payment | -/mo

Save Virtual Tour

12 Beds

10 Baths

9,500 SqFt

Key Details

Property Type Condo, Commercial

Sub Type Apartment Style,Complex

Listing Status Active

Purchase Type For Sale

Square Footage 9,500 sqft

Price per Sqft $105

Subdivision No Subdivision

MLS Listing ID 745068

Bedrooms 12

Full Baths 9

Half Baths 1

Year Built 1970

Annual Tax Amount $8,528

Lot Size 3,100 Sqft

Property Description

$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 1.5hrs 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. One seller is RE agent.

Location

State PA

County Carbon

Area Lansford

Interior

Cooling Wall AC

Exterior

Garage Spaces 2.0

Building

Story 3.0

Sewer Public

Water Public

New Construction No

Schools

School District Panther Valley

Others

Financing Cash,Conventional

Special Listing Condition Not Applicable

Listed by EXP Realty LLC

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(610) 360-1137

heather.m@morganelliproperties.com

1124 Linden Street, Bethlehem, Pennsylvania, 18018, USA

110 114 West Ridge Street Lansford Borough, PA 18232