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USAPATamaquaNot in Development424 E Broad St
424 E Broad St, Condo with 8 bedrooms, 4 bathrooms and 2 parking in Tamaqua PA | Image 1
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$479,000

424 E Broad St, Tamaqua, PA

Condo

For Sale

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842
  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size 5600 sqft
Garage No
Maintenance Fees $1,200
Taxes $2,797
Days Active 129
Approx. Age 1950
Avg. Price Per Sqft $85
MLS® Number 748370

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

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.Show Description
MLS® Number748370
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1950
Stories3
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatBaseboard
A/CWall Units
Heating Fuel

Extras

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