43 Broad ST #multiple properties, Tamaqua Boro, PA 18252
43 Broad ST #multiple properties, Tamaqua Boro, PA 18252
43 Broad ST #multiple properties, Tamaqua Boro, PA 18252
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Mike Smutz

Mike Smutz

+1(610) 839-7654
$4,410,000
Est. payment /mo
60 Beds
38 Baths
31,018 SqFt
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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

Square Footage 31,018 sqft

Price per Sqft $142

Subdivision Not In Development

MLS Listing ID 769075

Bedrooms 60

Full Baths 38

Construction Status Unknown

HOA Y/N No

Year Built 1910

Annual Tax Amount $37,600

Property Sub-Type Apartment

Property Description

Own a significant portion of Tamaqua with this cash-flowing 4 Solid built in "CRIZ" Zone Buildings 43-unit mixed-use portfolio, generating $535,300 in gross annual income and offering a 12.16% gross cap rate at the listing price of $4,410,000. This rare package includes 4 buildings with a total of 37 residential units, 5 commercial storefronts, and 1 commercial garage, featuring a mix of 24 two-bedroom/one-bath units and 12 one-bedroom/one-bath units, with in-unit laundry hookups in select buildings (101 Pine St and 101 E Broad St). Most apartments have been beautifully renovated with new hardwood flooring, new carpets, fresh paint, modern kitchens, updated appliances, and upgraded countertops. Ownership has continuously maintained and improved the portfolio, resulting in stable occupancy and strong performance. The offering includes: 101 Pine St (12 residential units, 1 commercial/garage, 15 parking spaces), 43–45 W Broad St (8 renovated 2BR/2BA units and 1 commercial space), 101 E Broad St (11 residential units—4 one-bedroom, 6 two-bedroom—and 3 commercial units), and 238 E Broad St (6 residential units and 1 commercial unit). This turnkey, income-producing, multi-building package presents a rare opportunity for investors seeking strong returns and long-term growth in Tamaqua Borough. With $428000 net income and growth potential, this is an excellent investment.

Location

State PA

County Schuylkill

Area Tamaqua

Direction Head south on S Main St toward Mauch Chunk St 24 sec (466 ft). Take PA-248 W, Mountain Rd and PA-309 N to E Broad St in Tamaqua

Interior

Heating Electric

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features Detached, Garage, Parking Lot, On Street

Water Access Desc Public

Total Parking Spaces 15

Garage Yes

Building

Story 3

Sewer Public Sewer

Water Public

Construction Status Unknown

Schools

School District Tamaqua

Others

Senior Community No

Tax ID 65-12-0208.000

Special Listing Condition None

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Listed by Saffron Real Estate

Nearby Locations

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+1(610) 839-7654
http://www.mikesmutz.com/
Office No. 873 325-41 Chestnut St, Ste 800, Philadelphia, PA, 19106
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