$123K Gross, $105K Net, 10.5% CAP, 20% Cash On Cash @ asking. The owners proudly invested over $300K+ to completely rehab & update this cash-flowing, turnkey 9-unit multi-family portfolio, including 110, 112, & 114 W Ridge. These properties have mountain views, stunning curb appeal, a brand-new facade, & a new roof. Itâs located next to a brand-new St. Luke's Hospital & many other Main Street businesses. Renovations include mostly new bathrooms, flooring, kitchens, appliances, paint, refinished & new cabinets, & some granite countertops in the kitchens. The property is sold with a clear Certificate of Occupancy & new rental permits issued by the city. Other upgrades include a refinished rear deck & balconies, 25+ new windows, new electrical work, & new water heaters. There are six large 1BR/1BA units, one large 2BR/1BA unit with a deck in the rear, & one enormous, 2-story 4BR/2BA unit with a deck in the rear, plus a veteran-run, long-standing barbershop. All tenants are brand new, clean, & friendly & have 1-year leases. The property is minutes from highways & shopping & is near a police station & a church. Note: The owners love this property but live 1.5 hours away, & due to the distance, they are selling to a lucky buyer. The ownership group lists over 15 multi-family units in addition to this property. Gross projections are $140K+ with 18.8% cash on cash. The owner can fill units or will pay for 1 Month's rent if the unit is vacant at the time of sale.
This mixed-use property is a rare find in Lansford, PA, offering stable rental income and the potential for significant returns. Whether you are looking to expand your investment portfolio or start a new business, this property provides endless possibilities.
Discover this exceptional investment opportunity with this mixed-use multi-unit property in the charming town of Lansford, PA. This versatile property offers a combination of residential and commercial units, making it ideal for investors or business owners looking to diversify their portfolio and maximize rental income. Property boasts 2 commercial spaces with updated flooring and neutral paint interiors. Perfect for professional office space, salons, studios, and more! Start your own business and live upstairs or rent for extra income. Unbeatable location and price! This mixed-use property is a rare find in Lansford, PA, offering stable rental income and the potential for significant returns. Whether you are looking to expand your investment portfolio or start a new business, this property provides endless possibilities.
Welcome to 200-202 Bertcsh St, Lansford, PA 18232 - a unique investment opportunity in the heart of Lansford! This five-unit building boasts a blend of residential and commercial spaces, offering a lucrative investment potential with room for further enhancement. Four out of the five units are currently occupied, providing stable rental income. Each residential unit is meticulously maintained, offering comfortable living spaces for tenants. With room for rent improvements in two units, there is potential to increase rental income and property value. Whether for long-term tenants or short-term leases, these units present a fantastic opportunity for consistent revenue generation. The property features a spacious storefront commercial space, perfect for entrepreneurs looking to establish or expand their business. With value-added potential, this commercial area offers a promising opportunity for increased cash flow and diversification of income streams. Whether it's retail, office, or service-oriented ventures, the possibilities for this commercial space are endless. The owners have diligently invested in numerous updates and renovations since acquiring the property, ensuring it remains in top condition and appeals to both tenants and potential buyers. From modernizing interiors to enhancing curb appeal, these updates add significant value to the property and make it an attractive investment opportunity in the Lansford area. Situated in a prime location in Lansford, PA, this property offers convenience and accessibility to local amenities, schools, and transportation options. With its strategic location, tenants and businesses alike benefit from easy access to everything the area has to offer, enhancing the property's appeal and value. 200-202 Bertcsh St presents an exceptional investment opportunity with multiple streams of income from residential and commercial tenants. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a promising venture, this property offers the perfect blend of stability and growth potential. Don't miss out on the chance to own this lucrative investment property in Lansford, PA. Schedule a showing today and explore the endless possibilities that await!
Unlock the potential of this prime real estate in the up and coming Lansford, PA area, just 7-8 miles from the bustling Jim Thorpe community. This expansive 33,000 square foot warehouse presents an exceptional opportunity for a warehouse-to-apartment building conversion, and it's offered at an unbeatable price â below $15 per square foot. Located directly across from the Panther Valley Football Field, this property enjoys a strategic position next to a prominent name-brand grocery store and other major retailers making this location a Prime Rental Location if made into apartments. The combination of its great location and the growing appeal of the Lansford area make it an investment opportunity that's hard to surpass.
The median home value in Lansford, PA is $68,900. This is lower than the county median home value of $232,000. The national median home value is $338,100. The average price of homes sold in Lansford, PA is $68,900. Approximately 38.17% of Lansford homes are owned, compared to 38.81% rented, while 23.01% are vacant. Lansford real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Lansford real estate agent to arrange a tour today!
Lansford, Pennsylvania 18232 has a population of 4,110. Lansford 18232 is less family-centric than the surrounding county with 17.71% of the households containing married families with children. The county average for households married with children is 23.04%.
The median household income in Lansford, Pennsylvania 18232 is $39,800. The median household income for the surrounding county is $59,289 compared to the national median of $69,021. The median age of people living in Lansford 18232 is 38.6 years.
The average high temperature in July is 82.3 degrees, with an average low temperature in January of 15.8 degrees. The average rainfall is approximately 52.3 inches per year, with 40.8 inches of snow per year.