424 E Broad St - Apartments FOR SALE


Tamaqua, PA 18252
$479,000 USD
484-866-2495
424 E Broad St, Tamaqua, PA for Sale
$479,000 USD
Apartments - FOR SALE
1/18
null | 11.19% Cap Rate

424 E Broad St
Tamaqua, PA 18252


HIGHLIGHTS

  • Some units Renovated
  • Great, clean, pleasant tenants
  • Very strong cap rate, 10%+

OVERVIEW

An exceptional turnkey investment in the heart of Tamaqua’s desirable Broad Street corridor, this fully occupied 4-unit apartment building generates a Gross Income of $61,500 and a Net Operating Income of $53,603, delivering an impressive 11% cap rate at asking. The property consists entirely of four spacious 2BR/1BA units, appealing to working professionals and small families alike. With strong tenant demand and stabilized occupancy, this is a rare cash-flowing opportunity in a competitive rental market. Ownership has completed significant updates to maximize longevity, reduce maintenance, and attract quality tenants. Upgrades include new windows, flooring, and electrical systems, as well as renovated kitchens and baths. Two units feature brand-new stainless steel appliances, adding value and marketability. These modern improvements, combined with solid construction, make the property a durable, low-risk acquisition. Tenants are responsible for electricity and heat, while the landlord covers taxes, insurance, and water/sewer/trash, streamlining utility management and ensuring predictable expenses. Located minutes from major highways and shopping, the property benefits from excellent accessibility and a steady tenant base. The current owners, including one licensed real estate agent, are selling only because they live 1.5 hours away—making this a prime opportunity for local or regional investors seeking reliable returns and a property requiring no immediate work.

FOR SALE DETAILS

PRICE

$479,000 USD

PRICE/SF

$86 USD /SF

# OF UNITS

4

PRICE/UNIT

$119,750

CAP RATE

11.19%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

11%+ CAP, $61K GROSS

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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