Property
Beds
8
Full Baths
None
1/2 Baths
None
Year Built
1921
Sq.Footage
1,620
This property has been completely renovated and will soon be occupied by year-to-year tenants with a conservative projected Gross of $49,200, $38,300 NET Income, and 10.5% CAP at the asking price. Owners have made a substantial financial investment into fully modernizing this 3-unit multi-family residence, renovations across all units including new windows, flooring, paint, electrical updates, new kitchens, cabinets, bathrooms, bedrooms, and updated appliances. The configuration includes two 3-bedroom, 1-bath units and one 2-bedroom, 1-bath unit. Located in Carbon County, the property is conveniently close to highways and shopping centers. One of the owners is a RE agent Tenants are responsible for electricity and heat. NOTE—The owners are fond of this property but have decided to sell it because they live 1.5 hours away, presenting a great opportunity for the right buyer. The property can be bought individually or as a package with 30+ other units nearby including: 3UNIT - 755 E Broad St, Tamaqua; 9Unit - 110 W Ridge st, Lansford; 4Unit 424 E Broad St, Tamaqua, Lansford; 4Unit 157 W Ridge, Lansford. Show and go. Can be FHA at 6.25%financing, 5%down, 30YR fixed.
Features & Amenities
Interior
-
Total Bedrooms
8
-
Bathrooms
N/A
-
Above Grade Finished Area
1620.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Window Unit(s), Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Electric, Oil, Baseboard, Radiant
Exterior
-
Garage
No
-
Construction Materials
Vinyl Siding
-
Parking
On Street
-
Pool
Yes
-
Pool Features
None
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.06
-
Property Type
Residential Income
-
Property Sub Type
Triplex
-
Architectural Style
Other
Price
-
Sales Price
$360,000
-
Tax Amount
2488.0
-
Sq. Footage
1, 620
-
Price/SqFt
$222
HOA
-
Association
No
School District
-
Elementary School
PANTHER VALLEY
-
Middle School
PANTHER VALLEY
-
High School
PANTHER VALLEY SENIOR
Property Features
-
Foundation Details
Block, Stone
-
Sewer
Public Sewer
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Location
County
CARBON
Elementary School
PANTHER VALLEY
Middle School
PANTHER VALLEY
High School
PANTHER VALLEY SENIOR
Listing Courtesy of james J Reardon , eXp Commercial
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Owner, President, Investment Property Advisor
TheresaKehler
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