424 East Broad Street
$495,000
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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...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.
- Listed by james J Reardon • eXp CommercialP: (484)-866-2495 jimjrreardon@gmail.com
Property Details for 424 East Broad Street
Tax ID Number
65-13-0261
OwnershipFee Simple
Structure TypeDetached
StyleTraditional
WaterfrontNo
GarageNo
MunicipalityTAMAQUA BORO
Central AirNo
LISTING UPDATED: 11/24/2024 01:01 PM
Property Details for 424 East Broad Street
Status | Active |
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MLS # | PASK2018614 |
Days on Market | 44 |
Taxes | $2,797 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 1900 |
Lot Size | 0.07 AC / 3,049 SF |
County | Schuylkill County |
Building Information for 424 East Broad Street
Stories-Residences4Year Built1900Building Size-Lot Size0.07 AC / 3,049 SF
Property Information for 424 East Broad Street
Property History for 424 East Broad Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 424 East Broad Street
Taxable ValueLand$3,750Additions$30,580Total$34,330
Tax Record2024$2,777 ($231 / month)
Home Facts
Baths3Total Finished SqFt4,282 SqFtAbove Grade Finished SqFt4,282 SqFtStories3Lot Size3,049 SqFtStyleTriplexYear Built1950CountySCHUYLKILLAPN65-13-0261.000
Schools near 424 East Broad Street
This home is within Tamaqua Area School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 5 |
Rating | School | Distance |
---|---|---|
Tamaqua El School PublicK to 5 | ||
Tamaqua Area Middle School Public6 to 8 | ||
Tamaqua Area Senior High School Public9 to 12 | ||
West Penn Twp El School PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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