MLS® ID: 631499
46 West Ridge Street
Lansford Borough, Pennsylvania, 18232 $89,900
Great opportunity!!! Get your hand on this money maker before its gone! 2976 sqft building located in the heart of Lansford. Presently used as a liquor Store. The State leases the store from owner for $1,300. The landlord pays $4275 yearly in taxes, $677 yearly in insurance, $238 yearly for snow removal, and $180 a year in heater maintenance total expenses $5370. Gross income is $15,600 yearly with net income being $10,230. Solid building. Seller can owner finance for acceptable buyer. Cap rate over 10% despite no rent increase in years. Lease amount should be $1600 plus from State.