$10,000
closing credit¹
110 W Ridge St Lansford Borough, PA 18232
Property details
About 110 W Ridge St
$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. It’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.
Highlights
Virtual tour
Summary
- MLS Number: 745068
- MLS Name: HIGH
- Office Name: EXP Realty LLC
- Office Phone: (888) 397-7352
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$999,999
110 W Ridge St
$10,000
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
2
Panther Valley Elementary School
Public District KG-5
4.6 mi
•1 N Mermon Ave
3
Tamaqua Elementary School
Public District KG-5
5.0 mi
•Boyle Ave
6
West Penn Township Elementary School
Public District KG-5
5.7 mi
•185 School Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $45,970. Typical income of Lansford Borough, PA residents is between $35k-100k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Extreme Sports
Figure Skating
NASCAR
Where do the neighbors shop?
Academy Sports & Outdoors
Kmart
Stein Mart
Where do the neighbors go to eat?
Little Caesars
Bob Evans
Cracker Barrel
What do the neighbors drive?
Chevrolet
Buick
Ram
What do the neighbors listen to?
Country
Oldies
Adult Standards
Frequently asked questions
About 110 W Ridge St
This home is located at 110 W Ridge St in Lansford Borough, PA and zip code 18232. This 9,500 square foot home, which was built in 1970, sits on a 0.07 acre lot. Features: 12 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since September 11, 2024 and is currently priced at $999,999.
In December 2024 more than 3 listings in Lansford Borough, PA were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 2 were sold below. In December 2024 in Lansford Borough, PA there were 2.7% more homes for sale than in November. The median list price of listings available in December 2024 was $85,000, while the average time on the real estate market was 29 days.