REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Brian Cahill

brian.choicerealty@gmail.com +1(610) 442-2458

$ 550,000

Est. payment | -/mo

11 Beds

6 Baths

5,600 SqFt

Save

$ 550,000

Est. payment | -/mo

Save

11 Beds

6 Baths

5,600 SqFt

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 5,600 sqft

Price per Sqft $98

Subdivision Not In Development

MLS Listing ID 785999

Bedrooms 11

Full Baths 5

Half Baths 1

Construction Status Unknown

HOA Y/N No

Year Built 1928

Annual Tax Amount $3,021

Lot Size 3,005 Sqft

Acres 0.069

Lot Dimensions 40X75

Property Sub-Type Apartment

Property Description

$73,500 GROSS INCOME | $57,891 NOI | 10.52% CAP RATE at $550,000. Impressive, fully renovated 5-unit investment property offering strong cash flow, attractive curb appeal, a highly rentable unit mix and limited near-term capital exposure. Prominently positioned on a corner lot, the property presents beautifully from the street with its classic architecture, bright exterior, distinctive roofline and substantial residential presence. Current and projected rents total $6,125 per month across 1, 2, 3 & 4 bedrooms units. This diverse unit mix broadens the tenant pool and reduces reliance on any single apartment type. Ownership recently completed an extensive renovation exceeding $100,000, creating a clean, refreshed and professionally improved asset ready for continued operation. Improvements include luxury vinyl plank flooring, interior painting, drywall repairs, updated kitchens and bathrooms, new lighting and electrical fixtures, plumbing repairs including replacement of a section of the main sewer stack, new exterior entry doors, select interior doors, replacement windows, roof repairs, pressure washing and exterior enhancements. Two kitchens were fully remodeled, two additional kitchens were refreshed, four bathrooms were refurbished and one bathroom was completely remodeled. The renovation preserved the property's strongest original features, including hardwood floors, rich wood trim, bay windows, exposed brick and generously proportioned rooms. The result is a compelling blend of historic character and updated finishes that photographs well, shows well and gives the building a level of charm that many competing multifamily properties lack. For an investor, this property offers the key advantages ownership should provide: immediate income, diversified rent streams, substantial recent capital improvements, low reported operating expenses and a-10% projected cap rate at the asking price. Public water and sewer, included appliances, large layouts and strong local rental demand further support operational stability. Full lease up in place post renovation. This is not a basic five-unit requiring years of deferred maintenance and constant renovation. It is a substantially improved, visually appealing income property positioned to deliver cash flow from day one while offering the durability, tenant demand and long-term wealth-building benefits investors seek. Financials reflect actual and projected rents; buyer to verify all figures. Seller is a licensed agent.

Location

State PA

County Carbon

Area Lansford

Direction From Route 902, turn onto Bertsch Street and continue to 265–267 E. Bertsch Street, Lansford.

Interior

Heating Baseboard, Electric, Oil

Cooling None, Wall Unit(s)

Flooring Hardwood

Fireplace No

Exterior

Water Access Desc Public

Total Parking Spaces 8

Building

Story 3

Sewer Public Sewer

Water Public

Construction Status Unknown

Schools

School District Panther Valley

Others

Senior Community No

Tax ID 122A3-22-T31

Security Features Smoke Detector(s)

Special Listing Condition None

Listed by Steel City Realty

NEARBY SCHOOL & BUSINESS

+1(610) 442-2458

brian.choicerealty@gmail.com

2901 Emrick Blvd, Bethlhem, PA 18020

265 E Bertsch ST Lansford, PA 18232

Brian Cahill

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Go tour this home

265 E Bertsch ST