424 East Broad Street
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.
Last checked:
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Last updated Dec 17, 2024
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MLS# 748370 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1950
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Year Built Exception:Unknown
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Construction:Frame, Stone, Vinyl
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Stories:3.0
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SqFt:5,600 Sqft
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SqFt Source:Estimated
Location
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Area:Tamaqua
The Property
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Property Type:Investment Property
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Property Subtype:Investment Property
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Property Subtype Category:Apartment Style, Complex
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Zoning Code:Res
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Lot Size Source:Estimated
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Lot Dimensions:28X110
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Lot SqFt:3049
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Acres:0.070
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Total Taxes:$2,797
Beds
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Bedrooms:8
Baths
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Baths:4
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Full Baths:4
Heating & Cooling
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Heat:No
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Cooling:Wall AC
Utilities
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Water:Public
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Water/Sewer:1400
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Sewer:Public
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Gas:No
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Electric:No
Schools
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School District:Tamaqua
The Community
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Subdivision:Not in Development
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Association:Lehigh Valley MLS
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/21/24
Nov 21, 2024
|
Listed / Active | GLVR | $495,000 |
