110 W RIDGE STREET 114

LANSFORD, PA 18232

$500,000+ in Renovations | Turnkey 9-Unit Portfolio | 9% Cap Rate This stunning 9-unit multi-family portfolio, spanning three parcels, has undergone over $500,000 in renovations, offering a truly turnkey investment opportunity. Boasting $125700 in gross income and $87344 in net operating income, this portfolio delivers a 9% cap rate and strong cash-on-cash returns under typical financing terms. Ownership spared no expense in transforming these properties: Fully renovated units with new bathrooms, vanities, lighting, hardwood floors, carpet, kitchens, appliances, and paint Refinished and new cabinetry, with granite countertops in select kitchens A brand-new façade enhancing curb appeal and community presence 25+ new windows, updated plumbing, electrical systems, and new water heaters Rebuilt rear decks and balconies, and a new roof The unit mix includes: (6) large 1BR/1BA units (1) spacious 3BR/1BA unit with a rear deck (1) expansive 4BR/2BA bi-level unit with a private rear deck (1) commercial unit – a veteran-owned and operated barbershop All tenants are newly placed, clean, and on 1-year leases. The property is fully code-compliant, delivered with a clear Certificate of Occupancy and new rental licenses from the city. Located adjacent to the brand-new St. Luke’s Hospital and surrounded by local businesses, this asset offers mountain views, prime walkability, and close proximity to highways, shopping, police, and community hubs like local churches. Comparable properties in the area are trading at $115K–$130K per unit, reflecting significant upside and appreciation potential as the town experiences growth driven by rising employment demand. This is a recession-resistant, cash-flowing asset—ideal for the serious investor looking to acquire a beautifully renovated, income-generating portfolio with minimal maintenance needs.

Listing courtesy of eXp Commercial



The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.