601 E Abbott St, Lansford, PA 18232

Property Description

Rare Investment Opportunity in Lansford! This well-maintained two-unit property is just minutes from Jim Thorpe and offers long-term tenants secured through 2027, making it ideal for investors seeking immediate cash flow. Unit 1 (Lower Level) features 2 bedrooms and 1 bathroom with approximately 723 sq ft. The layout includes a kitchen at entry, a living room and laminate flooring throughout most of the unit. The rear bedroom has newer flooring installed within the past year. Unit 2 (Upper Unit) offers a spacious 4-bedroom layout with approximately 1,566 sq ft. The first level includes the kitchen, living room, two bedrooms, and a full bathroom, while the second level provides two additional bedrooms and a flexible common space with hardwood stairs. Laminate flooring flows throughout the unit. Both units share a common front entry located near the mailbox, and each has its own washer, dryer, and hot water heater. The property also features a large basement for storage, electric baseboard heat, public water and sewer, and a durable metal roof. All appliances remain with the property. Listed at $165,000, the property generates a gross annual income of $18,600 with an estimated Net Operating Income of ~$13,236 and an estimated cap rate of ~8%. Positioned on a quiet side street, this property offers a rare combination of stable income, long-term tenants, and low-maintenance features, with possession available immediately.