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424 East Broad

Tamaqua Borough, PA 18252

8 beds
4 baths
5,600 sqft
3,049 sqft lot
$88 per sqft
1950 build

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.

Listing courtesy of GLVR / EXP Realty LLC

Last checked: Checking… • Last updated Nov 21, 2024 •

MLS# 748370 —

The Building

Year Built:

1950
Year Built Exception:

Unknown
Construction:

Frame, Stone, Vinyl
Stories:

3.0
SqFt:

5,600 Sqft
SqFt Source:

Estimated

Location

Area:

Tamaqua

The Property

Property Type:

Investment Property
Property Subtype:

Investment Property
Property Subtype Category:

Apartment Style, Complex
Zoning Code:

Res
Lot Size Source:

Estimated
Lot Dimensions:

28X110
Lot SqFt:

3049
Acres:

0.070

Listing Agent

Contact info:

Taxes

Total Taxes:

$2,797

Beds

Bedrooms:

8

Baths

Baths:

4
Full Baths:

4

Heating & Cooling

Heat:

No
Cooling:

Wall AC

Utilities

Water:

Public
Water/Sewer:

1400
Sewer:

Public
Gas:

No
Electric:

No

Schools

School District:

Tamaqua

The Community

Subdivision:

Not in Development
Association:

Lehigh Valley MLS

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Sale history

Date	Event	Source	Price	% Change
11/21/24 Nov 21, 2024	Listed / Active	GLVR	$495,000

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This multifamily located in Tamaqua, PA 18252 is currently for sale for $495,000. 424 East Broad is a 5,600 square foot multifamily with 8 beds and 4 baths. This multifamily is in the attendance area of Tamaqua Area Senior High School.

Listing Courtesy of: GLVR and EXP Realty LLC.

The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Lehigh Valley REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Estately, Inc, are indicated by detailed information about them such as the name of the listing firms. Information Deemed Reliable But Not Guaranteed. Copyright 2024 Greater Lehigh Valley REALTORS®.