2 E Ridge Street,  Lansford PA, 18232

(NEW LISTING)
$239,900
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MLS# PACC115918
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Last Updated: 2/16/2020 3:55 PM
Description for 2 E Ridge Street Lansford, PA 18232
2 E Ridge Street is located in the heart of the commercial district of Lansford. It~s situated on the corner of Tunnel and Ridge, the latter of which is the main commercial street. The building is a solid 3 story brick building with a long history of fully occupied units. The first floor commercial space has operated as a real estate office for many years. The residences above have been improved over the years to keep occupants and new tenants happy. 2 E Ridge Street is located across from the Borough Offices and next to shops, restaurants and local services. The commercial unit may be able to be split into an additional 2 residential units, bringing the total to 7 apartments. Current rents are below market value allowing the next owner to quickly improve on the net return of this investment. Tenants currently operate on short term leases allowing an investor a variety of options to reposition the property.
Price
$239,900
CARBON
PACC115918
NEW LISTING
Description
2 E Ridge Street is located in the heart of the commercial district of Lansford. It~s situated on the corner of Tunnel and Ridge, the latter of which is the main commercial street. The building is a solid 3 story brick building with a long history of fully occupied units. The first floor commercial space has operated as a real estate office for many years. The residences above have been improved over the years to keep occupants and new tenants happy. 2 E Ridge Street is located across from the Borough Offices and next to shops, restaurants and local services. The commercial unit may be able to be split into an additional 2 residential units, bringing the total to 7 apartments. Current rents are below market value allowing the next owner to quickly improve on the net return of this investment. Tenants currently operate on short term leases allowing an investor a variety of options to reposition the property.
Listing Information
Property Type: Other
0.06 Acres ES $84.41
1905
Electric Water Heater, Public Water Service
Public Sewer
Neighborhood
Room Information
Interior Features
Wall Air Conditioning
Electric Heating, Radiant, Wall Unit
Exterior / Lot Features
Public
Brick
None
0.00 x 0.00
B2
Driving Directions
Take 476 North to 209 South towards Lansford. Right on Spring Garden, left on Ridge, go to end of block.
Financial Considerations
$4,154
2019
Listing Price History

Lansford Real Estate

Lansford is located in Pennsylvania. Lansford, Pennsylvania 18232 has a population of 4,138.

The median household income in Lansford, Pennsylvania 18232 is $27,500. The median household income for the surrounding county is $44,271 compared to the national median of $50,013. The median age of people living in Lansford 18232 is 46 years.

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Courtesy: DLP Realty
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