Janet Holden - The Holden Group of Century 21 New Millennium
Janet Holden/ Pamela Eng
540-825-1613540-825-1613

2 E Ridge STREET, Lansford, PA 18232 (MLS # PACC115922)

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PRICE $339,900
SIZE 4,380 sq ft
LOT SIZE n/a

Awesome 10 Unit Portfolio with a Pro Forma 15.68% Cap Rate! 2 E Ridge Street located in heart of the commercial district of Lansford. Situated on the corner of Tunnel & Ridge, the latter of which is the main commercial street. 301 E Bertsch located on the corner of Chestnut & E Bertsch St in the heart of downtown residential section of Lansford. Portfolio consists of 2 buildings and 10 total units. 9 residential units and 1 commercial. The commercial unit has the potential to be converted into 2 apartments, bringing the total to 11 residential units. Both properties feature great rental history and the apartments are currently 100% occupied. With exceptionally low operating expenses & very minor upkeep needed this portfolio can be operated from near or far. Current rents are as much as 34% below market value, allowing future owner to truly capitalize on investment returns with little effort. A turn-key property and a great piece to start or add to an existing rental portfolio.

DAYS ON MARKET 11 LAST UPDATED 2/14/2020
YEAR BUILT 1905 COMMUNITY LANSFORD BORO
COUNTY Carbon STATUS Active
PROPERTY TYPE(S) Commercial Sale


ADDITIONAL DETAILS
# OF PARKING SPACES INCLUDED 1-Car Parking
ACCESSIBILITY FEATURES None
AUTOMATICALLY UPDATE TAX VALUES Y/N Y
BUILDING TOTAL SQFT SOURCE Estimated
BUSINESS TYPE Apartment Building, Hair Salon and Spa, Medical, Other, Professional, Restaurant/Bar
CENTRAL AIR YN N
CONSTRUCTION MATERIALS Brick
COOLING FUEL None
COOLING TYPE Ceiling Fan(s), Wall Unit
HEATING FUEL Electric
HEATING TYPE Baseboard - Electric, Radiant
HEATING YN Y
HOT WATER Electric
LAND USE CODE 0
LISTAGENTSTATELICENSENUMBER RS300485
LISTING AGREEMENT TYPE Exclusive Right
LISTING SERVICE TYPE Full Service
LOT SIZE DIMENSIONS 0.00 X 0.00
LOT SIZE SOURCE Estimated
LOT SIZE UNITS Square Feet
NAVIGABLE WATER YN N
OPERATING EXPENSE 20570.00
OWNERSHIP INTEREST Fee Simple
PHOTO OPTION Lister Will Upload All
POSSESSION Negotiable
POTENTIAL TENANCY Multiple
PRICE PER SQFT 77.6
PROPERTY SUB TYPE Five Or More Units
PROPERTY TYPE Commercial Sale
RIPARIAN RIGHTS YN N
SEWER SEPTIC Public Sewer
STANDARD STATUS Active
SUB SYSTEM LOCALE BRIGHT_MAIN
TAX ANNUAL AMOUNT 7465.0
TAX ASSESSED VALUE 67395.0
TAX ID NUMBER 122A2-24-C35
TAX LOT 35
TAX YEAR 2019
TIDAL WATER YN N
TOTAL TAXES PYMNT FREQ Annually
TYPE OF PARKING On Street
VACATION RENTAL YN N
WATER ACCESS YN N
WATER ORIENTED YN N
WATER SOURCE Public
WATER VIEW YN N
WATERFRONT YN N
YEAR ASSESSED 2019
YEAR BUILT SOURCE Public Records
ZONING R2 & B2

ZESTIMATE
2 E Ridge STREET, Lansford, PA

RENT ZESTIMATE
$ / mo.  2 E Ridge STREET, Lansford, PA

56 Somewhat Walkable



 
CONTACT US ABOUT 2 E RIDGE STREET
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Last Updated: 2/25/20 3:25 AM PST