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USAPASummit HillNot in Development52 W Ludlow St
52 W Ludlow St, Condo with 10 bedrooms, 6 bathrooms and 4 parking in Summit Hill PA | Image 1
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$680,000

52 W Ludlow St, Summit Hill, PA

Condo

For Sale

$--,---,---
1064
  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size 6700 sqft
Garage No
Maintenance Fees $1,600
Taxes $5,410
Days Active 8
Approx. Age 1920
Avg. Price Per Sqft $101
MLS® Number 763670

Property Address: 

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

Description

Own the city block & get immediate cashflow: this renovated 6-unit property occupies nearly an entire city block in God's Country and is offered at $680, 000. The Gross Income of $93, 000, Operating Expenses of $15, 290 (including taxes), and Net Operating Income of $77, 710, securing above a 10% cap, this asset delivers a strong return from day one. Ownership has invested heavily in improvements, ensuring a low-maintenance, turnkey operation. Renovations include $40, 000 in unit rehabs across all six apartments and common areas, featuring one complete gut remodel plus cosmetic upgrades in five units: new flooring, fresh paint and spackle, ceiling replacements, bath and kitchen repairs, and updated electrical with GFCI outlets. Additional capital projects include $12, 000 in new siding, $5, 050 in energy-efficient vinyl windows, and $7, 200 in targeted apartment upgrades such as full interior painting, cabinet refinishing, new tub and shower surround, ceiling tile replacements, transition trim, plumbing line capping, and final deep cleaning. Together, these investments enhance curb appeal, durability, and tenant satisfaction. With solid brick construction, a commanding corner-block presence, and efficient operations, this property offers both stability and upside potential. A rare opportunity to acquire a well-positioned multifamily delivering immediate income, strong returns, and appreciation potential in a growing market. Projections @ Full & self-managed.Show Description
MLS® Number763670
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1920
Stories2
Pets
Corp Number

Included in Maintenance Fee

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

Utilities

HeatBaseboard, Electric
A/CWall Units
Heating Fuel

Extras

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