UPDATED:
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 3,200 sqft
Price per Sqft $169
MLS Listing ID 785099
Full Baths 5
Construction Status Unknown
HOA Y/N No
Year Built 1910
Lot Size 8,102 Sqft
Acres 0.186
Property Sub-Type Apartment
Property Description
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.
Location
State PA
County Carbon
Area Summit Hill
Direction Route 443 West / Blakeslee BoulevardEast. 5.8 miles. Turn right Mill Road 3.1 miles.Laurel Drive for 1 mile, turn left on Laurel Drive 0.7 mile. Continue onto East Amidon Street 0.3 mile onto South Pine Street. Go 0.1 mile. left East Ludlow Street.
Interior
Heating Baseboard, Hot Water, Oil
Cooling None
Fireplace No
Exterior
Parking Features Detached, Garage, Parking Lot
Water Access Desc Public
Total Parking Spaces 8
Garage Yes
Building
Story 2
Sewer Public Sewer
Water Public
Construction Status Unknown
Schools
School District Panther Valley
Others
Senior Community No
Tax ID 123B-53-D25,26
Security Features Smoke Detector(s)
Special Listing Condition None
Nearby School & Business
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