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.

Features
: Baseboard - Electric
: None
: Public Septic
: Traditional
Address Map
BROAD
424
STREET
W76° 2' 13.1''
N40° 47' 50.4''
X
E
E
Tamaqua Boro (13365)
09 north to 209 e to 424 e broad
Neighborhood
TAMAQUA AREA SENIOR
Expenses Info
$0
$0
Agent / Broker Info
eXp Commercial
james J Reardon
Additional Information
28.00 x 110.00
: Public
2024-11-24
4
: 2+ Access Exits
: Block, Slab
: Brick, Block, Concrete, Vinyl Siding
Financial
2797.0
Listing Information
3313981
EXPCOMM1
ACTIVE-BRIGHT
2024-11-24T18:01:20Z
Bright
2024-11-24T05:00:00Z

Residential Income For Sale

424 E Broad St E,tamaqua,pa,18252,schuylkill

0.07 Acre
$495,000
Listing ID #PASK2018614
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : PASK2018614
Price : $495,000
Year Built : 1900
Lot Area : 0.07 Acre
Listing Status : Active
Property Sub Type : Quadruplex
Agent info
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