424 E Broad St - Apartments FOR SALE


Tamaqua, PA 18252
$480,000 USD
484-866-2495
424 E Broad St, Tamaqua, PA for Sale
$480,000 USD
Apartments - FOR SALE
1/18
null | 11.17% Cap Rate

424 E Broad St
Tamaqua, PA 18252


HIGHLIGHTS

  • Very Large Units
  • Excellent Tenants, Long term lease, all locally employed
  • FULLY OCCUPIED
  • CASH FLOWING and TURNKEY

OVERVIEW

This stunning FULLY OCCUPIED 4-unit apartment building comes with ALL two-bedroom units and has a $61,500 gross, $53,603 net, and an 11% CAP @ asking. It is a prime investment. Located on desirable Broad St. in Tamaqua, the owners have made significant updates, ensuring strong rental demand. Upgrades include 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 is now 100% occupied

FOR SALE DETAILS

PRICE

$480,000 USD

PRICE/SF

$86 USD /SF

# OF UNITS

4

PRICE/UNIT

$120,000

CAP RATE

11.17%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

FULLY OCCUPIED, CASH FLOWING

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

-

APN/PARCEL ID

65-13-0261.000

ASK ABOUT THIS PROPERTY

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484-866-2495

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484-866-2495

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