110 W Ridge St - Apartments FOR SALE


Lansford, PA 18232
$985,000 USD
484-866-2495
110 W Ridge St, Lansford, PA for Sale
$985,000 USD
Apartments - FOR SALE
1/27
null | 10.76% Cap Rate

110 W Ridge St
Lansford, PA 18232


HIGHLIGHTS

  • Completely RENOVATED
  • GORGEOUS, Large UNITS with Balcony/Deck/Patio
  • Excellent Tenants with Long Term Leases IN PLACE
  • Cash COW - over 10% cap and 15% cash on cash

OVERVIEW

This fully occupied CASH COW & Immediate cash flow with Gross of $128,100 & Net Income of $105,992, making this fully renovated, turn-key 9-unit portfolio a premier investment. Ownership invested over $300,000 into a complete rehabilitation across 110, 112, & 114 W Ridge St, transforming these buildings into the most attractive multifamily assets on the block. Exterior highlights include a brand-new façade, roof, balconies, & refinished rear deck, along with 25+ new windows that enhance efficiency and curb appeal. Inside, nearly every aspect has been modernized: new & refinished kitchens with appliances, cabinets, & granite countertops; updated bathrooms; new flooring; fresh paint; & new water heaters & electrical upgrades. The property is sold with a clear Certificate of Occupancy and new city rental permits. The unit mix provides tenant diversity and strong retention: six large 1BR/1BA units, one spacious 2BR/1BA with private rear deck, one enormous 2-story 4BR/2BA with rear deck, and a long-standing, veteran-run barbershop anchoring the commercial space. All tenants are brand-new, friendly, and secured on 1-year leases, stabilizing income from day one. Located next to the new St. Luke’s Hospital, near Main Street businesses, highways, police station, and a church, the property offers a strong rental base in a revitalizing community. This is a rare chance to own a fully renovated, fully leased, high-yield property with unmatched curb appeal & long-term stability.

FOR SALE DETAILS

PRICE

$985,000 USD

PRICE/SF

$95 USD /SF

# OF UNITS

9

PRICE/UNIT

$109,444

CAP RATE

10.76%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$128K GROSS, 9-Unit, Fully RENO

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

Mixed Use

APN/PARCEL ID

122A2-24-N23

ASK ABOUT THIS PROPERTY

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484-866-2495

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James ReardoneXp CommercialMore Info
484-866-2495

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.