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$128K GROSS, 9-Unit, Fully RENO 110 W Ridge St 9 Unit Apartment Building $1,374,981 CAD ($152,776 CAD/Unit) 10.76% Cap Rate Lansford, PA 18232

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INVESTMENT HIGHLIGHTS

  • Completely RENOVATED
  • Excellent Tenants with Long Term Leases IN PLACE
  • GORGEOUS, Large UNITS with Balcony/Deck/Patio
  • Cash COW - over 10% cap and 15% cash on cash

EXECUTIVE SUMMARY

This fully occupied CASH COW & Immediate cash flow with Gross of $128,100 & Net Income of $105,992, making this fully renovated, turn-key 9-unit portfolio a premier investment. Ownership invested over $300,000 into a complete rehabilitation across 110, 112, & 114 W Ridge St, transforming these buildings into the most attractive multifamily assets on the block. Exterior highlights include a brand-new façade, roof, balconies, & refinished rear deck, along with 25+ new windows that enhance efficiency and curb appeal. Inside, nearly every aspect has been modernized: new & refinished kitchens with appliances, cabinets, & granite countertops; updated bathrooms; new flooring; fresh paint; & new water heaters & electrical upgrades. The property is sold with a clear Certificate of Occupancy and new city rental permits. The unit mix provides tenant diversity and strong retention: six large 1BR/1BA units, one spacious 2BR/1BA with private rear deck, one enormous 2-story 4BR/2BA with rear deck, and a long-standing, veteran-run barbershop anchoring the commercial space. All tenants are brand-new, friendly, and secured on 1-year leases, stabilizing income from day one. Located next to the new St. Luke’s Hospital, near Main Street businesses, highways, police station, and a church, the property offers a strong rental base in a revitalizing community. This is a rare chance to own a fully renovated, fully leased, high-yield property with unmatched curb appeal & long-term stability.

FINANCIAL SUMMARY (ACTUAL - 2025)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $178,817 $17.33
Other Income - -
Vacancy Loss - -
Effective Gross Income $178,817 $17.33
Taxes $11,904 $1.15
Operating Expenses $18,957 $1.84
Total Expenses $30,861 $2.99
Net Operating Income $147,956 $14.34

FINANCIAL SUMMARY (ACTUAL - 2025)

Gross Rental Income (CAD)
Annual $178,817
Annual Per SF $17.33
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $178,817
Annual Per SF $17.33
Taxes (CAD)
Annual $11,904
Annual Per SF $1.15
Operating Expenses (CAD)
Annual $18,957
Annual Per SF $1.84
Total Expenses (CAD)
Annual $30,861
Annual Per SF $2.99
Net Operating Income (CAD)
Annual $147,956
Annual Per SF $14.34

PROPERTY FACTS Under Contract

Price $1,374,981 CAD
Price Per Unit $152,776 CAD
Sale Type Investment
Cap Rate 10.76%
Gross Rent Multiplier 0.12
No. Units 9
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.07 AC
Building Size 10,321 SF
Average Occupancy 100%
No. Stories 3
Year Built/Renovated 1950/2025
Zoning Mixed Use - Permitted and zoned, sold with all rental licenses and certificate of occupancy with all municipal, city, and state approvals.

AMENITIES

UNIT AMENITIES

  • Balcony
  • Dishwasher
  • Heating
  • Bay Window
  • Ceiling Fans
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Range
  • Views
  • Carpet
  • Basement
  • Deck
  • Dining Room
  • Patio
  • Porch
  • Large Bedrooms

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Gas Range
  • Walk-Up

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
4+1 1 $2,652 CAD 2,900
3+1 1 $2,059 CAD 1,200
1+1 6 $1,536 CAD 800
Studios 1 $418.78 CAD 600

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
122A2-24-N23
Land Assessment
$6,032 CAD
Improvements Assessment
$86,445 CAD
Total Assessment
$92,476 CAD
Annual Taxes
$11,904 CAD ($1.15 CAD/SF)
Tax Year
2025
  • Listing ID: 35861819

  • Date on Market: 2025-05-14

  • Last Updated:

  • Address: 110 W Ridge St, Lansford, PA 18232

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