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

25 W Ridge St, Lansford, PA

Condo

For Sale

$--,---,---
656
  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size 4093 sqft
Garage Yes
Maintenance Fees $1
Taxes $4,146
Days Active 55
Approx. Age 
Avg. Price Per Sqft $109
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
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelCommon Area
Exposure
Exterior
GarageYes
Approx. Age
Stories3
Pets
Corp Number

Included in Maintenance Fee

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

Utilities

HeatBaseboard
A/CNone
Heating Fuel

Extras

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