110 W Ridge St Portfolio Unit Portfolio, Lansford Borough, PA 18232
Property details
About 110 W Ridge St Portfolio
HALF A MILLION in Renovations for this Stunning 9-unit multi-family portfolio including 3 Parcels, full reno on most units and bringing home $126,300 Gross Income and $107,772 Net Income, and a solid 10% CAP with 20% Cash On Cash @ asking. The owners proudly invested over $500K+ to completely rehab & update new bathrooms, vanities, lighting, hardwood flooring, new carpet, New kitchens, appliances, paint, refinished & new cabinets, & some granite countertops in the kitchens, and a BRAND NEW facade that give major curb appeal and brings light to the community. Other upgrades include a refinished rear deck & balconies, 25+ new windows, new electrical work, new plumbing & new water heaters. These properties have mountain views, stunning curb appeal, a brand-new facade, & a new roof. It’s next to a brand-new St. Luke's Hospital & many other Main Street businesses. The property is sold with a clear Certificate of Occupancy & new rental permits issued by the city. 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 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. MOST COMPS in the area are appraising between $120 and $175K per unit with the town expanding with employment demand. This is a recession-proof asset that will mint you money.
Highlights
Summary
- MLS Number: 754171
- MLS Name: HIGH
- Office Name: EXP Realty LLC
- Office Phone: (888) 397-7352
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Last updated on: 4/9/2025, 7:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,075,000
110 W Ridge St Portfolio
$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 Unit Portfolio, Lansford Borough, PA residents is between $35k-100k annually. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.
Frequently asked questions
About 110 W Ridge St Portfolio
This home is located at 110 W Ridge St Portfolio in Unit Portfolio, 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 March 20, 2025 and is currently priced at $1,075,000.
Unit Portfolio, Lansford Borough, PA housing market in March 2025 saw over 2 listings sold above listed price, more than 0 sold at listed price and over 3 sold below. The number of homes for sale in Unit Portfolio, Lansford Borough, PA increased by 22.7% between February and March 2025. While the average time on the market in March 2025 was 43 days, the median list price was $84,500.