424 E BROAD ST E Active Save Request In-Person Tour Request Virtual Tour
Tamaqua,PA 18252
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
MLS Listing ID PASK2018614
Style Traditional
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $2,797
Tax Year 2022
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 28.00 x 110.00
Property Description
This stunning 4-unit apartment building has a projected $61,500 gross, $53,603 net, and an 11% CAP @ asking, is a prime investment. Located on desirable Broad St. in Tamaqua, the owners have made significant updates, ensuring strong rental demand. Happy tenants occupy two units, and the 3rd and 4th are undergoing final renovations. Rehab includes new windows, flooring, electrical, renovated kitchens, updated baths, and new stainless steel appliances (two units). The property features four 2BR/1BA units and is minutes from major highways and shopping. Tenants pay for electricity and heat; the landlord covers taxes, insurance, water/sewer/trash. The owners, including one licensed RE agent, are selling due to living 1.5 hours away. This property can be purchased individually or as part of a portfolio with 30+ nearby units, including 755 E Broad St, Tamaqua (3-unit); 110 W Ridge St, Lansford (9-unit); 424 E Broad St, Tamaqua (4-unit); and 157 W Ridge St, Lansford (4-unit). FHA financing is available with 6.25%, 5% down, 30YR fixed. The owner is leaving two units vacant for showings, but it is extremely easy to rent, and tenants are on the wait list for occupancy.
Location
State PA
County Schuylkill
Area Tamaqua Boro (13365)
Zoning X
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Inclusions all appliances
Fireplace N
Heat Source Electric
Exterior
Water Access N
Accessibility 2+ Access Exits
Garage N
Building
Foundation Block,Slab
Sewer Public Septic
Water Public
Architectural Style Traditional
Additional Building Above Grade,Below Grade
New Construction N
Schools
High Schools Tamaqua Area Senior
School District Tamaqua Area
Others
Tax ID 65-13-0261
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash,Conventional,FHA
Listing Terms Cash,Conventional,FHA
Financing Cash,Conventional,FHA
Special Listing Condition Standard