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HALF A MILLION in Renovations for this Stunning 9-unit multi-family portfolio, including 3 Parcels, full reno on most units and bringing home $127,800 Gross Income and $109,272 Net Income, and a solid 10.4% CAP with Strong Cash On Cash with average financing terms. The owners proudly invested over $500K+ to completely rehab & update new bathrooms, vanities, lighting, hardwood flooring, new carpet, New kitchens, appliances, paint, refinished & new cabinets, & some granite countertops in the kitchens, and a BRAND NEW facade that give major curb appeal and brings light to the community. Other upgrades include a refinished rear deck & balconies, 25+ new windows, new electrical work, new plumbing & new water heaters. These properties have mountain views, stunning curb appeal, a brand-new facade, & a new roof. It's next to a brand-new St. Luke's Hospital & many other Main Street businesses. The property is sold with a clear Certificate of Occupancy & new rental permits issued by the city. There are six large 1BR/1BA units, one large 2BR/1BA unit with a deck in the rear, & one enormous, 2-story 4BR/2BA unit with a deck in the rear, plus a veteran-run barbershop. All tenants are brand new, clean, & friendly & have 1-year leases. The property is minutes from highways & shopping & is near a police station & a church. MOST COMPS in the area are appraising between $120 - $175K/unit with the town expanding with employment demand. This is a recession-proof asset that will mint you money.
| DAYS ON MARKET | 79 | LAST UPDATED | 5/14/2025 |
|---|---|---|---|
| TRACT | Not in Development | YEAR BUILT | 1970 |
| COMMUNITY | Lansford | COUNTY | Carbon |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| School District | Panther Valley |
|---|
| PRICE HISTORY | |
| Prior to May 14, '25 | $1,075,000 |
|---|---|
| May 14, '25 - Today | $1,050,000 |
| ADDITIONAL DETAILS | |
| AREA | Lansford |
|---|---|
| CONSTRUCTION | Brick, Vinyl Siding |
| LOT | 3093 sq ft |
| LOT DIMENSIONS | 78X54 |
| SEWER | Public Sewer |
| STORIES | 3 |
| SUBDIVISION | Not in Development |
| TAXES | 8528 |
| WATER | Public |
| ZONING | Multires |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
Listed with EXP Realty LLC
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