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$ 495,000
Est. payment | /mo
8 Beds
4 Baths
5,600 SqFt
$ 495,000
Est. payment | /mo
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
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