$5,878
closing credit¹
424 E Broad St Tamaqua Borough, PA 18252
Property details
About 424 E Broad St
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.
Highlights
Summary
- MLS Number: 748370
- MLS Name: HIGH
- Office Name: EXP Realty LLC
- Office Phone: (888) 397-7352
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Last updated on: 1/21/2025, 3:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$495,000
424 E Broad St
$5,878
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
3
Tamaqua Elementary School
Public District KG-5
0.7 mi
•Boyle Ave
6
West Penn Township Elementary School
Public District KG-5
5.9 mi
•185 School Dr
2
Panther Valley Elementary School
Public District KG-5
9.2 mi
•1 N Mermon Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $46,250. Residents of Tamaqua Borough, PA typically earn between $35k-100k each year. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Extreme Sports
NASCAR
Motocross
Where do the neighbors shop?
Academy Sports & Outdoors
Dollar General
GameStop
Where do the neighbors go to eat?
Little Caesars
Cracker Barrel
Sonic
What do the neighbors drive?
Chevrolet
Ram
Jeep
What do the neighbors listen to?
Country- Classic Country
News/Talk/Information
Frequently asked questions
About 424 E Broad St
This home is located at 424 E Broad St in Tamaqua Borough, PA and zip code 18252. This 5,600 square foot home, which was built in 1950, sits on a 0.07 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since November 21, 2024 and is currently priced at $495,000.
In December 2024, from all listings sold in Tamaqua Borough, PA there were more than 6 sold above asking price, over 8 sold below and more than 2 were sold right at the asked price. In December 2024 in Tamaqua Borough, PA there were 20.3% less homes for sale than in November. In December 2024, listings were on the market for 26 days. During the same period, the median list price in this real estate market was $140,000.