26 E Ludlow St, Summit Hill, PA 18250

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.