Homes for sale - 424 East Broad Street, Tamaqua Borough, PA 18252

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Sun

Dec

Mon

Dec

Tue

Dec

Heather McFadden

heather.m@morganelliproperties.com +1(610) 360-1137

$ 495,000

Est. payment | -/mo

8 Beds

4 Baths

5,600 SqFt

Save

$ 495,000

Est. payment | -/mo

Save

8 Beds

4 Baths

5,600 SqFt

Key Details

Property Type Condo, Commercial

Sub Type Apartment Style,Complex

Listing Status Active

Purchase Type For Sale

Square Footage 5,600 sqft

Price per Sqft $88

Subdivision Not In Development

MLS Listing ID 748370

Bedrooms 8

Full Baths 4

Year Built 1950

Annual Tax Amount $2,797

Lot Size 3,049 Sqft

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

Interior

Cooling Wall AC

Building

Story 3.0

Sewer Public

Water Public

New Construction No

Schools

School District Tamaqua

Others

Financing Cash,Conventional,FHA,FHA-203k

Special Listing Condition Not Applicable

Listed by EXP Realty LLC

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(610) 360-1137

heather.m@morganelliproperties.com

1124 Linden Street, Bethlehem, Pennsylvania, 18018, USA

424 East Broad Street Tamaqua Borough, PA 18252