USAPALansford110 W Ridge St
110 W Ridge St, Condo with 12 bedrooms, 10 bathrooms and 2 parking in Lansford PA | Image 1
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$985,000

110 W Ridge St, Lansford, PA

Condo

For Sale

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12102
  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size 9500 sqft
Garage No
Maintenance Fees $2,514
Taxes $8,528
Days Active 29
Approx. Age 1970
Avg. Price Per Sqft $103
MLS® Number 745068

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

$125700K Gross, $87344K Net, 9% 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. Seller is RE agent.Show Description
MLS® Number745068
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelCommon Area
Exposure
Exterior
GarageNo
Approx. Age1970
Stories3
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatBaseboard
A/CWall Units
Heating Fuel

Extras

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