NOT LISTED FOR SALE

124 E Broad St Tamaqua, PA 18252

10 Beds
3.5 Baths
-- Sq Ft
3,920 Sq Ft Lot

Last Sold March 22, 2022

Last sale price $328,000

48 Days on Market

About This Home

As of March 2022

REDUCED! 4 (four) mixed multi-family units (3 residential 1 commercial). Fully occupied, cash flowing, $43,200 Gross, $31,252 Net, 9.5% Cap rate @ $328,000 asking. MUST-SEE PHOTOS AND MULTIPLE AERIAL VIDEOS. Dollar for Dollar, this is the best purchase to expand your Lehigh Valley Portfolio. All original and refinished hardwood floors/crown moldings and modernized kitchens. All separated utilities. Easily re-rent at significantly higher rents. There is a manager that takes care of tenants and all common area maintenance / the tenants pay on time and have through COVID. Due to COVID and tenant disruption, there will be limited showings. Buy this along with MLS #'s 681001, 680997, 680993, 676788 and 679571 all for $1,255,000. Buy them all with a built-in property manager.

Last Agent to Sell the Property

james reardon

EXP Realty LLC License #RS342638 Listed on: 10/02/2021

EXP Realty LLC

Co-Listed By

Tejas Gosai

EXP Realty LLC

Last Buyer's Agent

james reardon

EXP Realty LLC License #RS342638 Listed on: 10/02/2021

EXP Realty LLC

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,983

Year Built

  • Built in 1870

Lot Details

  • 3,920 Sq Ft Lot

Parking

  • 4 Parking Spaces

Home Design

  • Mixed Use
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 10 Bedrooms

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 65120270000

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $2,753
  • Maintenance Expense $1,000
  • Manager Expense $500
  • Water Sewer Expense $4,128
  • Operating Expense $11,916
  • Gross Income $43,200
  • Net Operating Income $31,284

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,983

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style, Mixed Use
  • County Assessment: 38085.00
  • V O W Automated Valuation Dis: Yes
  • Year Built: 1870
  • Special Features: None

Interior Features

  • Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bedrooms: 10

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking Spaces: 4

Utilities

  • Cooling: No Air, Window AC
  • Heat Type: Baseboard
  • Sewer: Public
  • Water: Public
  • Insurance: 2753
  • Water Sewer: 4128

Condo/Co-op/Association

  • Lawn Snow Removal: 300
  • Maintenance Repair: 1000
  • Management: 500

Fee Information

  • Operating Expense: 11916

Schools

  • School District: Tamaqua

Lot Info

  • Acres: 0.090
  • Lot Sq Ft: 3920
  • Zoning Code: R-Mh-Medium High Density Residential

Tax Info

  • Assessor Parcel Number: 65120270000
  • Total Taxes: 2983.00

Multi Family

  • Total Units: 4
  • Total Unit Count: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2021
Closed on
Mar 18, 2022
Sold by
Para Builders Llp
Bought by
Parekh Reena
Seller's Agent
james reardon
EXP Realty LLC
Buyer's Agent
james reardon
EXP Realty LLC
List Price
$365,000
Sold Price
$328,000
Premium/Discount to List
-$37,000
-10.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Outstanding Balance
$460,603
Interest Rate
4.16%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Mar 8, 2017
Closed on
Dec 28, 2017
Sold by
Klingama S Inc
Bought by
Para Builders Llp
Seller's Agent
Dan Bingaman
Realty Center
Buyer's Agent
Candice Kurtz
Tammy Sword Realty LLC
List Price
$69,000
Sold Price
$45,000
Premium/Discount to List
-$24,000
-34.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
59.93%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Parekh Reena $315,000 First United Land Transfer
Para Builders Llp $45,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parekh Reena $487,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2022 03/22/22 Sold $328,000 0.0% --
11/19/2021 11/19/21 Pending -- -- --
10/17/2021 10/17/21 Price Changed $328,000 -10.1% --
10/02/2021 10/02/21 For Sale $365,000 +711.1% --
12/29/2017 12/29/17 Sold $45,000 -23.7% --
12/14/2017 12/14/17 Pending -- -- --
12/12/2017 12/12/17 Price Changed $59,000 -14.5% --
09/10/2017 09/10/17 For Sale $69,000 +53.3% --
09/08/2017 09/08/17 Off Market $45,000 -- --
03/08/2017 03/08/17 For Sale $69,000 -- --
Source: Greater Lehigh Valley REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,206 $82,530 $26,175 $56,355
2024 $6,677 $82,530 $26,175 $56,355
2023 $6,677 $82,530 $26,175 $56,355
2022 $2,998 $38,085 $9,375 $28,710
2021 $2,983 $38,085 $9,375 $28,710
2020 $2,921 $38,085 $9,375 $28,710
2018 $2,830 $38,085 $9,375 $28,710
2017 $2,746 $38,085 $9,375 $28,710
2015 -- $38,085 $9,375 $28,710
2011 -- $38,085 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • j

    Seller's Agent in 2022

    james reardon

    EXP Realty LLC

    Section Image

  • T

    Seller Co-Listing Agent in 2022

    Tejas Gosai

    EXP Realty LLC

    Section Image

  • D

    Seller's Agent in 2017

    Dan Bingaman

    Realty Center

    (570) 668-0114

    1 in this area

    14 Total Sales

    Dan Bingaman
    Section Image

  • C

    Buyer's Agent in 2017

    Candice Kurtz

    Tammy Sword Realty LLC

See All Agents

Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 680993

Greater Lehigh Valley REALTORS®

APN: 65-12-0270.000

Pennsylvania Schuylkill County Tamaqua 18252

124 E Broad St, Tamaqua, PA

This home is located at 124 E Broad St, Tamaqua, PA 18252 since 02 October 2021. This property was built in 1870. 124 E Broad St is a home located in Schuylkill County with nearby schools including Tamaqua Area Senior High School and Marian Catholic High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater Lehigh Valley REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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