26 E Ludlow St, Summit Hill, PA

Name: 26 E Ludlow St, For Sale in Summit Hill - Zoocasa
Brand: Steel City Realty
SKU: 785099
Price: 542000 USD

Condo

For Sale

Listed price in listed location currency (USD).

$542,000

058

MLS® 785099

Overview

Key Facts

Type Apartment

Levels Residential Income

Size 3200 sqft

Garage Yes

Maintenance Fees

Taxes

Days Active 35

Approx. Age 1910

Avg. Price Per Sqft $169

MLS® Number 785099

Property Address: 26 E Ludlow St, Summit Hill, PA, 18250-1231

Average square foot calculated using Size range provided by listing agent.

Description

Approximately $73, 000 in potential annual gross income, $53, 000 in projected net operating income, and a projected 10.2% cap rate! Newly renovated five-unit investment opportunity in Summit Hill! Located at 26–32 E. Ludlow Street, this mixed-use property features two 2-bedroom apartments, two 1-bedroom apartments, and a large commercial space with potential for conversion to a 2-bedroom apartment, subject to municipal approvals. An off-street parking lot and detached garage add convenience and additional income potential. Enjoy proximity to the mountains, outdoor recreation, and attractions of nearby Jim Thorpe and the Poconos, including hiking, biking, skiing, and entertainment. The location also offers access to employment opportunities throughout the Lehigh Valley, including the region’s many warehouses, distribution centers, and other major employers—adding appeal for prospective tenants seeking access to both work and recreation. Currently vacant following renovations, the property is actively being marketed for rent. Projected monthly rents of $1, 100, $1, 100, $1, 300, $1, 300, and $1, 200 total $5, 800, with an additional $200 per month possible from the garage. Total projected gross rental income at full occupancy is $6, 100 per month, or $73, 200 annually, including the garage.

MLS® Number785099

Locker

Ensuite Laundry

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageYes

Approx. Age1910

Stories2

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

HeatBaseboard, Hot Water, Oil

A/CNone

Extras

Map

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