9,700 SqFt
9,700 SqFt
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 9,700 sqft
Price per Sqft $101
MLS Listing ID PACC2006186
Year Built 1900
Annual Tax Amount $7,484
Tax Year 2022
Lot Dimensions 0.00 x 0.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
This stunning 9-unit multi-family portfolio, spanning three parcels, has undergone over $500,000 in renovations, offering a truly turnkey investment opportunity. Boasting $125700 in gross income and $87344 in net operating income, this portfolio delivers a 9% cap rate and strong cash-on-cash returns under typical financing terms.
Ownership spared no expense in transforming these properties:
Fully renovated units with new bathrooms, vanities, lighting, hardwood floors, carpet, kitchens, appliances, and paint
Refinished and new cabinetry, with granite countertops in select kitchens
A brand-new façade enhancing curb appeal and community presence
25+ new windows, updated plumbing, electrical systems, and new water heaters
Rebuilt rear decks and balconies, and a new roof
The unit mix includes:
(6) large 1BR/1BA units
(1) spacious 3BR/1BA unit with a rear deck
(1) expansive 4BR/2BA bi-level unit with a private rear deck
(1) commercial unit – a veteran-owned and operated barbershop
All tenants are newly placed, clean, and on 1-year leases. The property is fully code-compliant, delivered with a clear Certificate of Occupancy and new rental licenses from the city.
Located adjacent to the brand-new St. Luke's Hospital and surrounded by local businesses, this asset offers mountain views, prime walkability, and close proximity to highways, shopping, police, and community hubs like local churches.
Comparable properties in the area are trading at $115K–$130K per unit, reflecting significant upside and appreciation potential as the town experiences growth driven by rising employment demand.
This is a recession-resistant, cash-flowing asset—ideal for the serious investor looking to acquire a beautifully renovated, income-generating portfolio with minimal maintenance needs.
Location
State PA
County Carbon
Area Lansford Boro (13409)
Zoning COMMERCIAL
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Window Unit(s)
Inclusions All appliances
Heat Source Electric
Exterior
Garage Spaces 8.0
Water Access N
View City
Accessibility 2+ Access Exits
Total Parking Spaces 8
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools Panther Valley
Middle Schools Panther Valley
High Schools Panther Valley Senior
School District Panther Valley
Others
Tax ID 122A2-24-N23
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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