1. Pennsylvania
2. Lansford Borough
3. 25 West Ridge Street

25 West Ridge Street, Lansford Borough, PA 18232

• 6 beds |
• 5 baths |
• 4,093 sqft

Property Description

Unique opportunity to own a “solid as a fortress” tasteful building in the heart of Lansford, totally renovated as a desirable boutique sanctuary of 3 enormous oversized apartment homes for discerning residents who value urbane living aesthetics rarely found in this region. High ceilings, abundant natural light, elegant kitchens/baths in a quiet location. Secluded resident-only courtyard for outdoor relaxing/barbecuing. Separate electric for low landlord maintenance costs. Common areas/exterior lighting low cost LED, all on sensors. New coin-op washer/dryer. The lower level at grade space consists of 2 garages on lower level (1183sf) in 2 separated bays with 2 separate doors that can accommodate 4+ vehicles, in addition to a workshop/office area (546 sf) - with separate electric and 1/2 bath. Price improved for a 11.2% un-leveraged cap rate for a turn-key ownership experience as a safe-haven investment during market uncertainties. Property is being actively marketed with 4 rental units, with conservative underwriting/assessment of tenant qualifications. All 3 units now leased to well qualified tenants. Astute investors may find these applicable Warren Buffett-isms worth considering: (a) better to buy quality assets at a fair price than buying junk cheaply and (b) the value is remembered long after the price is forgotten.

Listing Status:

Active

Listing Office:

Realty 365 : (610) 437-0900

MLS ID:

758850

Interior

• Laundry: Common Area
• Flooring: Carpet
• A/C: None
• Heating: Baseboard

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Realty 365