Homes for sale - 424 E BROAD ST E, Tamaqua, PA 18252

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Alee Heidar

alee.heidar@engelvoelkers.com +1(206) 966-1792

$ 495,000

Est. payment -/mo

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Active

424 E BROAD ST E Tamaqua, PA 18252

3,049 Sqft Lot

UPDATED:

11/24/2024 05:01 PM

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

Listed by james J Reardon • eXp Commercial

Alee Heidar

Principal Broker | License ID: 126102

+1(206) 966-1792

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