$480,000
$550,000
12.7%For more information regarding the value of a property, please contact us for a free consultation.
2,900 SqFt
SOLD DATE : 12/22/2023
Key Details
Sold Price $480,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 2,900 sqft
Price per Sqft $165
MLS Listing ID PACC2003022
Sold Date 12/22/23
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $2,489
Tax Year 2022
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 33' X 80'
Property Description
12%+ CAP @ asking, $83,100 Gross Income, $70,836 Net (Projected + Actuals) The 48-50 E Ridge Apartments feature four residential units and two commercial storefronts including main street staple, Bruch Eye Care Associates. Multiple units have been renovated with some new appliances, fresh paint, new carpet, new hardwood, and new kitchens. There are three 2BR/1BA units and one spacious 1BR/1BA. This property has stunning curb appeal and is located next to a BRAND NEW St. Luke's Hospital Facility as well as many other main street businesses. This property can be purchased individually or along with 30 other units being sold by the same seller, including 106 Ridge (6 units), 9 Ridge (9 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), Ceiling Fan(s)
Flooring Carpet, Hardwood
Equipment None
Heat Source Electric
Exterior
Waterfront N
Water Access N
View City, Mountain, Valley
Roof Type Asphalt
Accessibility 2+ Access Exits
Parking Type On Street
Garage N
Building
Foundation Block, Brick/Mortar
Sewer Public Septic
Water Public
New Construction N
Schools
Elementary Schools Panther Valley Elem
Middle Schools Panther Valley
High Schools Panther Valley High
School District Panther Valley
Others
Tax ID 122A2-24-B30
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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Bought with james J Reardon • eXp Commercial
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "