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USAPALansfordNo Subdivision25 W Ridge St
25 W Ridge St, Home with 6 bedrooms, 5 bathrooms and null parking in Lansford PA | Image 1
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$449,900

25 W Ridge St, Lansford, PA

Real Estate

For Sale

$--,---,---
650
  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage Yes
Taxes $4,146
Days Active 9
Lot Size 
Approx. Age 
MLS® Number 758850

Property Address: 

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

Description

Unique opportunity to own a “solid as a fortress” tasteful building in the heart of Lansford, totally renovated as a desirable boutique sanctuary of 3 enormous oversized apartment homes for discerning residents who value urbane living aesthetics rarely found in this region. High ceilings, abundant natural light, elegant kitchens/baths in a quiet location. Secluded resident-only courtyard for outdoor relaxing/barbecuing. Separate electric for low landlord maintenance costs. Common areas/exterior lighting low cost LED, all on sensors. New coin-op washer/dryer. The lower level at grade space consists of 2 garages on lower level (1183sf) in 2 separated bays with 2 separate doors that can accommodate 4+ vehicles, in addition to a workshop/office area (546 sf) - with separate electric and 1/2 bath. Price improved for a 11.2% un-leveraged cap rate for a turn-key ownership experience as a safe-haven investment during market uncertainties. Property is being actively marketed with 4 rental units, with conservative underwriting/assessment of tenant qualifications. All 3 units now leased to well qualified tenants. Astute investors may find these applicable Warren Buffett-isms worth considering: (a) better to buy quality assets at a fair price than buying junk cheaply and (b) the value is remembered long after the price is forgotten.Show Description
MLS® Number758850
Laundry Level
Central VacNo
FireplaceNo
Acreage0.11
Exterior
GarageYes
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/CNo Air
Heating Fuel

Extras

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