110 Ridge St, Lansford, PA 18232

This exceptional value-add investment opportunity presents a fully renovated, nine-unit apartment building situated in Lansford, Pennsylvania. The property boasts a total of 100,000 square feet across two, three-story buildings on a 4,000 square foot lot. Built in 1970 and extensively renovated in 2024, the property features a mix of unit sizes, including six one-bedroom, one-bathroom units, one two-bedroom, one-bathroom unit, and one large four-bedroom, two-bathroom unit. Additionally, there's a small commercial space currently occupied by a barber shop. All units are currently 100% occupied, generating a current Net Operating Income (NOI) of $105,358, representing a 10.54% capitalization rate. Pro-forma NOI is projected at $116,000, resulting in an 11.60% pro-forma cap rate. Recent renovations include new bathrooms, flooring, kitchens, appliances, paint, refinished and new cabinets, and some granite countertops. Exterior improvements encompass a new roof, refinished decks and balconies, and numerous new windows. The property benefits from new electrical work, new water heaters, and a Certificate of Occupancy. Located at 110 W Ridge St, Lansford, PA 18232, this property offers a compelling investment opportunity with significant upside potential. The asking price is $1,000,000, translating to $100 per square foot and $111,111 per unit. Heating is via baseboard heaters (tenant expense), and cooling is provided by wall units. Public water is available. This turnkey property is ready for immediate cash flow.