PA > Lansford
Lansford, PA 18232,110-114 W RIDGE ST
Lansford, PA 18232,110-114 W RIDGE ST
Lansford, PA 18232,110-114 W RIDGE ST
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Listed by james J Reardon • eXp Commercial
$985,000
Est. payment /mo
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110-114 W RIDGE ST Lansford, PA 18232

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Gary Pallay

Gary Pallay

+1(908) 698-1053

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Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PACC2006186

Year Built 1900

Annual Tax Amount $7,484

Tax Year 2022

Lot Dimensions 0.00 x 0.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

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.

Location

State PA

County Carbon

Area Lansford Boro (13409)

Zoning COMMERCIAL

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling Window Unit(s)

Inclusions All appliances

Heat Source Electric

Exterior

Garage Spaces 8.0

Water Access N

View City

Accessibility 2+ Access Exits

Total Parking Spaces 8

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

Elementary Schools Panther Valley

Middle Schools Panther Valley

High Schools Panther Valley Senior

School District Panther Valley

Others

Tax ID 122A2-24-N23

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Bright MLS (BMLS)

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Gary Pallay

Gary Pallay

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+1(908) 698-1053

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110-114 W RIDGE ST