110 W Ridge Street #Portfolio, Lansford Borough, PA 18232 (MLS # 754171)

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PRICE $1,075,000 BEDS 12 BATHS 10 HOME SIZE 9,500 sqft LOT SIZE 3,093 sqft Request More Info Schedule a Showing

HALF A MILLION in Renovations for this Stunning 9-unit multi-family portfolio including 3 Parcels, full reno on most units and bringing home $126,300 Gross Income and $107,772 Net Income, and a solid 10% CAP with 20% Cash On Cash @ asking. 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 and $175K per unit with the town expanding with employment demand. This is a recession-proof asset that will mint you money.

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Data last updated: 3/31/25 1:54 AM PDT

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