Lansford PA Multi Family for Sale
- Type:
- Investment
- Sq.Ft.:
- 1,004
- Status:
- NEW LISTING
- Beds:
- 2
- Lot size:
- 0.03 Acres
- Year built:
- 1900
- Baths:
- 1.00
- MLS#:
- 748150
- Subdivision:
- Not In Development
ADDITIONAL INFORMATION
Fully occupied home in Lansford, PA.Tenant is responsible for all utilities. With room for potential rent growth, this property offers both affordability and investment potential.
- Type:
- Investment
- Sq.Ft.:
- 9,500
- Status:
- Active
- Beds:
- 12
- Lot size:
- 0.07 Acres
- Year built:
- 1970
- Baths:
- 10.00
- MLS#:
- 745068
- Subdivision:
- No Subdivision
ADDITIONAL INFORMATION
$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. Itâ??s 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 1.5hrs 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. One seller is RE agent.
- Type:
- Investment
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1900
- Baths:
- MLS#:
- 742179
- Subdivision:
- No Subdivision
ADDITIONAL INFORMATION
$26400 gross income! Low taxes and low expenses gets you $20,000 Net income makes this 11% cap! Both sides are up and down 2 bedrooms and one bathroom with large, shared deck and large yard. Tenants pay for all utilities! Newly remodeled with all new flooring. Tenants mow the lawn and pay pet fees for more income. Both sides have brand new split systems for heat and AC! On street parking Close to main roads. 15 minutes north of Jim Thorpe, 10 minutes from Tamaqua and 45 minutes from Allentown. Add to your portfolio. Can come with a great property manager so you don't need to go there!
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Lansford Real Estate
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.
Lansford Weather
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.