Taking over Lansford! Join Our Next BIG Multifamily Acquisition
Deal Overview
The Lehigh Valley Private Equity Fund, LVPEFUND, is proud to announce the acquisition of 214 - 216 W Ridge Apartments, located in Lansford, PA.
The property features a two-story frame with an area of 1312 square feet which features 4 residential units with one bedroom each.
The area is near tourist attractions offering tours and the job market increased by 0.5% over the last year.
Within the first 45 - 60 days of acquisition, the fund plans to complete a series of minor interior and exterior renovations to clear the certificate of occupancy required by the city. The property will be re-rented to new tenants at market rates. The fund projects these units will increase from a combined $3,200/mo to $3,600/mo. Fund projects that this property will go from a 13.27% cap rate to 15.23%.
Interested in co-owning this property with us? Schedule a 1:1 call with us to learn more.
