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Heather McFadden

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

$ 500,000

Est. payment | -/mo

8 Beds

4 Baths

4,332 SqFt

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$ 500,000

Est. payment | -/mo

Save

8 Beds

4 Baths

4,332 SqFt

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 4,332 sqft

Price per Sqft $115

Subdivision Not In Development

MLS Listing ID 782195

Bedrooms 8

Full Baths 4

HOA Y/N No

Year Built 1910

Annual Tax Amount $3,260

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 50X80

Property Sub-Type Apartment

Property Description

$63,600 GROSS INCOME | $50,240 NOI | 10.05% CAP AT $500,000. Fully occupied, renovated and producing from day one, 400 Pine St is a stabilized four-unit investment for a buyer who wants real cash flow without inheriting a major turnaround. The current rent roll is $5,300 per month, supported by signed leases, with a strong unit mix: one spacious 3BR/1BA residence with bonus room, attached garage and washer/dryer; two 2BR/1BA apartments; and one 1BR/1BA apartment. Seller-reported annual operating expenses are only $13,360 with full occupancy and self-management. Ownership invested more than $58,000 in documented improvements designed to improve durability, tenant appeal and efficiency. Work includes exterior siding, gutters and downspouts, chimney cap/flashing repairs, replacement vinyl windows, extensive LVP flooring, fresh paint, updated lighting, outlets and GFCIs, kitchen cabinetry, countertops and backsplash, plumbing-stack work and common-area improvements. The units present clean and bright, with generous rooms, updated finishes and appliances. Newer electric baseboard heating allows residents to control and pay for their own unit heat and electric, while public water and sewer simplify operations. This is not a speculative value-add project or a vacant building that must be stabilized. It is an income-producing four-unit with 100% occupancy, multiple bedroom configurations, low reported expenses and meaningful capital already invested. At $125,000 per unit and approximately $115 per building square foot, the offering provides an unusually strong combination of current yield and durable basis. Convenient to downtown Tamaqua, shopping, parks and local amenities. Financials, leases and improvement documentation are available for qualified buyers. Add a true cash-flow asset to your portfolio and start collecting income at closing. Seller is a licensed RE Agent.

Location

State PA

County Schuylkill

Area Tamaqua

Direction Get on I-476 N 4 min (1.4 mi) Continue on I-476 N to Lehighton 21 min (21.0 mi) Continue on PA-443 W. Drive to Pine St in Tamaqua

Interior

Interior Features Balcony

Heating Baseboard

Cooling Wall Unit(s)

Flooring Hardwood

Fireplace No

Exterior

Water Access Desc Public

Porch Patio

Total Parking Spaces 5

Building

Story 2

Sewer Public Sewer

Water Public

Schools

School District Tamaqua

Others

Senior Community No

Tax ID 65-07-0091.000

Special Listing Condition None

Listed by Steel City Realty

Nearby Locations

"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

400 Pine ST Tamaqua Boro, PA 18252

Heather McFadden

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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400 Pine ST