5 Beds
5 Baths
3,920 Sqft Lot
5 Beds
5 Baths
3,920 Sqft Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Not In Development
MLS Listing ID 777054
Bedrooms 5
Full Baths 5
HOA Y/N No
Year Built 1914
Annual Tax Amount $5,327
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Apartment
Property Description
Tenants are responsible for their own electric and heat, while landlord responsibilities are limited to water/sewer and trash, creating a simple and efficient structure for new owner.
The property also features a roof that is only two years old, helping reduce near-term capital concerns. Additional value is supported by a six-car garage, offering potential for added rental income and improved overall cash flow.
With full occupancy, low landlord utility exposure, garage income potential, and a growing rental location, this property is well suited for investors seeking a value-add multifamily asset with the opportunity to become a strong cash-flowing investment upon stabilization.
Location
State PA
County Carbon
Area Lansford
Direction From Route 209, follow signs toward Lansford and continue into town via Patterson Street. Turn onto E Ridge Street—35 E Ridge Street will be on your left in the borough center.
Interior
Heating Baseboard
Cooling None, Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Off Street
Water Access Desc Public
Total Parking Spaces 6
Building
Story 2
Sewer Public Sewer
Water Public
Schools
School District Panther Valley
Others
Senior Community No
Tax ID 122A2-24-C17
Special Listing Condition None
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
heather.m@morganelliproperties.com
1124 Linden Street, Bethlehem, Pennsylvania 18018, USA