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$495,000

424 E Broad Street
TAMAQUA, Pennsylvania 18252

Active / MLS #PASK2018614 / Multiple Unit (2-4) / TAMAQUA
Listing information updated 11/24/2024 at 12:21pm
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.
Architecture Style:
Traditional
Cooling System:
None
Heating System:
Baseboard - Electric
Pool:
No
Age:
124 Years
Water Front:
No
Square Feet:
N/A
Lot Size:
3049.00 Square Feet
Acreage:
0.07
Tax Amount:
$2,797
Tax Year:
2022
Zip Code:
18252
City:
Tamaqua
County:
Schuylkill
School District(s):
TAMAQUA AREA
Elementary School:
N/A
Middle School:
N/A
High School:
Tamaqua Area Senior

Listing Office: eXp Commercial

Listing Office Phone: 888.397.7352

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424 E Broad Street is a multiple unit (2-4) currently listed at $495,000. This multiple unit (2-4) has been listed on RLAH @properties since November 24th, 2024 and was built in 1900. Nearby schools include Tamaqua Area Senior.