52 W Ludlow St - Apartments FOR SALE


Summit Hill, PA 18250
$680,000 USD
484-866-2495
52 W Ludlow St, Summit Hill, PA for Sale
$680,000 USD
Apartments - FOR SALE
1/32
null | 10.75% Cap Rate

52 W Ludlow St
Summit Hill, PA 18250


HIGHLIGHTS

  • Renovated
  • 10%+ CAP RATE
  • Own the City Block

OVERVIEW

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 $88,500, Operating Expenses of $15,290 (including taxes), and Net Operating Income of $73,210, 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.

FOR SALE DETAILS

PRICE

$680,000 USD

PRICE/SF

$101 USD /SF

# OF UNITS

6

PRICE/UNIT

$113,333

CAP RATE

10.75%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$88K Gross, 10%+ CAP

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

-

APN/PARCEL ID

123B-53-K31

ASK ABOUT THIS PROPERTY

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484-866-2495

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484-866-2495

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