Lansford, PA 18232,9-11 W RIDGE ST
Lansford, PA 18232,9-11 W RIDGE ST
Lansford, PA 18232,9-11 W RIDGE ST
$919,000
Est. payment /mo
$1,000,000
8.1%
Est.Price: ?

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8,500 SqFt
SOLD DATE : 12/21/2023

Key Details

Sold Price $919,000

Property Type Commercial

Sub Type Five Or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 8,500 sqft

Price per Sqft $108

MLS Listing ID PACC2003020

Sold Date 12/21/23

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $4,887

Tax Year 2022

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 25' X 150'

Property Description

11.25% + Cap, $134,700 Gross Income, $113,128 Net, PRE-Leased + Projected. Owners have invested hundreds of thousands in this completely remodeled 9 Unit "Loft Style" multi-family featuring six (6) residential units, two (2) commercial units, and one (1) storage/garage unit. There are four (4) 3BR/1BA, one (1) 2BR/1BA, and one (1) 1BR/BA. The property has all luxury upgrades including NEW hardwood flooring, NEW carpets, Fresh paint, all modern kitchens with custom cabinets & stainless steel appliances, custom countertops, high-end lighting fixtures, NEW PEX plumbing, NEW electrical, ALL NEW energy-efficient WINDOWS, & completely NEW ROOF. Commercial units have 11' - 14' ceilings and have tenants already interested as it is located on the busy main street of downtown Lansford. Per zoning, the potential for commercial conversion to residential units. A couple of units have been pre-leased and only 2 units remain to be completed with the region's top-ranking construction company. PROPERTY IS LOCATED NEXT TO Brand New ST. Luke's Hospital Facility. Owners have multiple units on Main St and always hit their projected rents, the property is currently being rented. The sellers will guarantee the property will be fully rented by closing for the lucky buyer. This property can be purchased individually or along with 30 other units being sold by the same seller, including 48 - 50 Ridge (6 units), 106 Ridge (6 Units), 214 216 Ridge (4 Units), and three additional parcels.

Location

State PA

County Carbon

Area Lansford Boro (13409)

Zoning COMMERCIAL/ RESIDENTIAL

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling Window Unit(s)

Flooring Hardwood, Carpet

Heat Source Electric

Exterior

Garage Spaces 5.0

Waterfront N

Water Access N

View Mountain, City

Roof Type Flat

Accessibility 2+ Access Exits

Parking Type Off Site, On Street, Private Garage

Total Parking Spaces 5

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

Elementary Schools Panther Valley Elem

Middle Schools Panther Valley Middle

High Schools Panther Valley High

School District Panther Valley

Others

Tax ID 122A2-24-B13

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Financing Conventional,Cash

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by james J Reardon • eXp Commercial
Bought with james J Reardon • eXp Commercial

Jason Freeby

Real Estate Team Leader

+1(908) 443-1405

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