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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



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 | Apartment Style | Garden |
| Price Per Unit | $152,776 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 10.76% | Building Size | 10,321 SF |
| Gross Rent Multiplier | 0.12 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1950/2025 |
| Property Subtype | Apartment | ||
| Zoning | Mixed Use - Permitted and zoned, sold with all rental licenses and certificate of occupancy with all municipal, city, and state approvals. | ||
| 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 |
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PROPERTY TAXES
| Parcel Number | 122A2-24-N23 | Total Assessment | $92,476 CAD |
| Land Assessment | $6,032 CAD | Annual Taxes | $11,904 CAD ($1.15 CAD/SF) |
| Improvements Assessment | $86,445 CAD | Tax Year | 2025 |
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
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$128K GROSS, 9-Unit, Fully RENO | 110 W Ridge St
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