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This 3-unit apartment building has been completely renovated and has a projected gross income of $53,400, a net income of $46,935, and a 12.5% CAP at the asking price. All units have new floors, windows, renovated kitchens, bathrooms, and bedrooms"”all brand-new stainless steel appliances in Kitchens. Located on desirable Broad Street in Tamaqua, the property has been significantly updated by the owners to ensure rental solid demand. It consists of THREE 3BR/1BA units and is conveniently located just minutes from highways and shopping. Tenants are responsible for electricity and heat, while the landlord covers taxes, insurance, water, sewer, and trash. The owners, including a licensed real estate agent, are selling because they live 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 (3-unit), 110 W Ridge St (9-unit), 424 E Broad St (4-unit), and 157 W Ridge St (4-unit). FHA financing is available at 6.25%, 5% down, 30-year fixed. Show and go! Will leave it vacant for showings, but it is extremely easy to rent, and we have tenants waiting for occupancy.
Property Type(s):
Multi Family
| Last Updated | 11/23/2024 | Tract | EAST END |
|---|---|---|---|
| Year Built | 1925 | Community | Tamaqua Boro (13365) |
| Garage Spaces | 2.0 | County | SCHUYLKILL |
SCHOOLS
| School District | TAMAQUA AREA |
|---|---|
| High School | TAMAQUA AREA SENIOR |
Additional Details
| APPLIANCES | Electric Water Heater |
|---|---|
| AREA | Tamaqua Boro (13365) |
| BASEMENT | Full, Yes |
| CONSTRUCTION | Vinyl Siding |
| GARAGE | Yes |
| HEAT | Electric, Hot Water |
| LOT | 4792 sq ft |
| PARKING | Attached |
| SEWER | Public Sewer |
| STYLE | Other |
| SUBDIVISION | EAST END |
| TAXES | 1279 |
| VIEW | Yes |
| VIEW DESCRIPTION | Mountain(s), City |
| WATER | Public |
Location
Listing provided by eXp Commercial
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Data last updated: 1/10/25 12:23 AM PST
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