$1,075,000

110 W Ridge St Portfolio Unit Portfolio, Lansford Borough, PA 18232

$10,000
Closing credit¹
12 beds
9 full, 1 partial
9,500 sqft
0.07 acres
$113 / sqft
Condo

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

Home typeCondominium
HeatingBaseboard
StatusActive
CoolingWall Unit(s)
Size9,500 sqft
Lot size0.071 Acres
Year built1970
ParkingOff Street, On Street
MLS #754171

Summary

  • MLS Number: 754171
  • MLS Name: HIGH
  • Office Name: EXP Realty LLC
  • Office Phone: (888) 397-7352

The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Lehigh Valley REALTORS®. The MLS Listing Information has not been verified and is not guaranteed by MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
Copyright © 2025 Greater Lehigh Valley REALTORS® All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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.

All data from GreatSchools

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.

How much money do the neighbors make?

33%
<35k
60%
35k-100k
8%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

51%
Single, No Kids
14%
Single, with Kids
22%
Married, No Kids
13%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

15%
<11 yrs old
7%
12-17 yrs old
19%
18-34 yrs old
39%
35-64 yrs old
20%
65+ yrs old

What do the neighbors do for fun?

  • Extreme SportsExtreme Sports
  • Figure SkatingFigure Skating
  • NASCARNASCAR

Where do the neighbors shop?

  • Academy Sports & OutdoorsAcademy Sports & Outdoors
  • KmartKmart
  • Stein MartStein Mart

Where do the neighbors go to eat?

  • Little CaesarsLittle Caesars
  • Bob EvansBob Evans
  • Cracker BarrelCracker Barrel

What do the neighbors drive?

  • ChevroletChevrolet
  • BuickBuick
  • RamRam

What do the neighbors listen to?

  • CountryCountry
  • OldiesOldies
  • Adult StandardsAdult Standards
All data provided by Home Junction and Claritas

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.

From Rocket Homes Real Estate and based on county public records data.

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