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Keller Williams Real Estate | Allentown
35 E Ridge St, Lansford, PA 18232
- $349,000
- 5
- BD
- 5
- BA
- List Price
- $349,000
- MLS#
- 777054
- Status
- ACTIVE
- City
- Lansford
- Area
- Lansford
- County
- Carbon
- Neighborhood
- Not In Development
- Bedrooms
- 5
- Bathrooms
- 5
- Lot Size
- 3,920
- Year Built
- 1914
Property Description
Fully occupied five-unit investment property generating $45,600 in gross income and $31,070 in net income. The asset offers a strong value-add opportunity in the growing Lansford market, with stable in-place income and clear upside upon stabilization. Tenants are responsible for their own electric and heat, while landlord responsibilities are limited to water/sewer and trash, creating a simple and efficient structure for new owner. The property also features a roof that is only two years old, helping reduce near-term capital concerns. Additional value is supported by a six-car garage, offering potential for added rental income and improved overall cash flow. With full occupancy, low landlord utility exposure, garage income potential, and a growing rental location, this property is well suited for investors seeking a value-add multifamily asset with the opportunity to become a strong cash-flowing investment upon stabilization.
Additional Information
- Acres
- 0.09
- Cooling
- None, Window/Wall
- Lot Size
- 3,920
- Parking Spaces
- 6
- Region
- Lansford
- School District
- Panther Valley
- Sewer
- Public Sewer
- Stories
- 2
- Taxes
- $5,327
- Zoning
- C
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Listing courtesy of EXP Realty LLC.
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