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.
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 bedroomsâall 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.
Side-by-side homes on one deed available for the savvy investor, extended family, or first-time buyer who wants to live for a reduced rate! Both sides have been meticulously updated and a turn key. Each side features solid surface flooring, updated kitchens, new carpet, fresh paint. 3 bedrooms plus bonus room on each side. Over-sized detached garage in rear in addition to large partially covered patio, and spacious lawn area. Hands-off investors will be able to achieve an easy 8 cap rate. If you're a first-time buyer, this is a great chance to live in one side, and rent the other, and significantly save on your monthly expense! Great opportunity for many types of buyers!
Great investment opportunity. Sellers are liquidating investments in the area to focus closer to home. Investment includes two occupied apartments and one garage. Garage is rented for $100 a month, paid yearly. First floor one bedroom just signed lease for one year at $930 a month with assistance program (call for lease details). First floor freshly painted with updates. Second floor two bedroom apartment is a long term tenant for approx. 7 years and pays $880 a month. Tenants pay electric and heat. Call for additional details
TOTALLY REMODELED 3 UNIT TAMAQUA INVESTMENT PROPERTY -- ALL IN EXCELLENT CONDITION! WAITING FOR YOU AND YOUR TENANTS! 1ST FLOOR GROUND LEVEL EFF. UNIT - 1 BEDROOM, LR. KIT. BATH; 2ND FLOOR UNIT HAS THREE BEDROOMS & 2 BATHS! 3RD FLOOR UNIT HAS 3 BEDROOMS AND 1 BATH! EXCELLENT INVESTMENT OPPORTUNITY FOR YOUR PORTFOLIO --RENT ALL UNITS OR LIVE IN ONE BEAUTIFUL UNIT AND RENT THE OTHER 2 FOR GREAT INCOME!!!
Tamaqua is located in Pennsylvania. Tamaqua, Pennsylvania has a population of 6,940. Tamaqua is more family-centric than the surrounding county with 22.62% of the households containing married families with children. The county average for households married with children is 21.71%.
The median household income in Tamaqua, Pennsylvania is $46,423. The median household income for the surrounding county is $57,785 compared to the national median of $69,021. The median age of people living in Tamaqua is 38.6 years.
The average high temperature in July is 84.2 degrees, with an average low temperature in January of 19 degrees. The average rainfall is approximately 52 inches per year, with 37.7 inches of snow per year.
