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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. 3 b/r now leased at $1,550/month to highly qualified tenant. 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.
| DAYS ON MARKET | 52 | LAST UPDATED | 4/16/2025 |
|---|---|---|---|
| TRACT | Not in Development | YEAR BUILT | 0 |
| COMMUNITY | Lansford | COUNTY | Carbon |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| School District | Panther Valley |
|---|
| ADDITIONAL DETAILS | |
| AREA | Lansford |
|---|---|
| CONSTRUCTION | Brick |
| LOT | 4792 sq ft |
| LOT DIMENSIONS | 49x96 |
| SEWER | Public Sewer |
| STORIES | 3 |
| SUBDIVISION | Not in Development |
| TAXES | 4146 |
| WATER | Public |
| ZONING | B-2 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
Listed with Realty 365
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