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HALF A MILLION in Renovations for this Stunning 9-unit multi-family portfolio, including 3 Parcels, full reno on most units and bringing home $127,800 Gross Income and $109,272 Net Income, and a solid 10.4% CAP with Strong Cash On Cash with average financing terms. 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 - $175K/unit with the town expanding with employment demand. This is a recession-proof asset that will mint you money.
| DAYS ON MARKET | 5 | LAST UPDATED | 5/20/2025 |
|---|---|---|---|
| YEAR BUILT | 1900 | COMMUNITY | Lansford Boro (13409) |
| COUNTY | CARBON | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | PANTHER VALLEY |
|---|---|
| Elementary School | PANTHER VALLEY |
| Jr. High School | PANTHER VALLEY |
| High School | PANTHER VALLEY SENIOR |
| ADDITIONAL DETAILS | |
| AIR | Electric, Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | Lansford Boro (13409) |
| CONSTRUCTION | Aluminum Siding |
| HEAT | Baseboard, Electric |
| LOT DIMENSIONS | 0.00 x 0.00 |
| PARKING | On Street |
| SEWER | Public Sewer |
| STORIES | 3 |
| TAXES | 7484 |
| VIEW | Yes |
| VIEW DESCRIPTION | City |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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