NOT LISTED FOR SALE

254 Cedar St Tamaqua, PA 18252

Studio
-- Bath
2,800 Sq Ft
3,920 Sq Ft Lot

Sale Details

Date Sold: September 13, 2021

Last sale price $105,000 $38 Per Sq Ft

1 Day on Market

Highlights

  • River View
  • No HOA
  • Historic Home
  • Traditional Architecture
  • Hot Water Heating System

About This Home

As of September 2021

Add this downtown Tamaqua 4 unit rental property to your portfolio! 3 units are rented, all rents include landlord paying oil heat. tenants pay their own electric. Rents are $535/$555/ $505, 2 of the 3 tenants are month to month, $555 has a one year lease ending 4/30/22. All rents are substantially below market rent and should be closer to $700/month. Current Annual Income with 3 units rented: $19,140 Annual Expenses: WSG: $748; Oil $2000; Taxes: $2057 Insurance: $1500 Total Annual Expense: $6305. Net Income: $12,835 = 10.6% cap rate....add a tenant to unit 4, even at $555/month = 16% Cap rate! At CURRENT rents! Schedule your appointment today!!! One of the sellers is a PA licensed Realtor. 48 hour notice requested for showings.

Last Agent to Sell the Property

Kim Hillegass

(570) 668-2240 mjmcginl@ptd.net Towne And Country Real Estate, LLC License #AB066450 Listed on: 08/11/2021

Last Buyer's Agent

Gail Christman

(610) 377-4488 gdurigan@pld.net Gene Durigan Real Estate - Lehighton License #RB061195L

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,057

Year Built

  • Built in 1900

Lot Details

  • 3,920 Sq Ft Lot
  • Historic Home

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2,800 Sq Ft Home
  • River Views
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Oil
  • Hot Water Heating System
  • Oil Water Heater

Listing and Financial Details

  • The owner pays for heat
  • Tax Lot 0239.002
  • Assessor Parcel Number 65-13-0239.002

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,057

Year Built

Built in 1900

Lot Details

3,920 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Historic: Yes
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2800
  • Living Area Sq Ft: 2800
  • Price Per Sq Ft: 42.86
  • Above Grade Finished Sq Ft: 2800
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • View: River
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Oil
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Oil
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 19430.00
  • Land Assessed Value: 6830.00
  • Lot Size Acres: 0.09
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3920.00
  • Zoning: GC

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Number Of Units Month To Month: 3
  • Owner Pays: Heat
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 9667034
  • School Tax: 1046.00
  • Tax Annual Amount: 2057.00
  • Assessor Parcel Number: 65-13-0239.002
  • Tax Lot: 0239.002
  • Tax Page Number: 1495
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

Multi Family

  • Number Of Units Vacant: 1

MLS Schools

  • School District Name: TAMAQUA AREA
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/13/2021 09/13/21 Sold $105,000 -12.5% $38 / Sq Ft
08/12/2021 08/12/21 Pending -- -- --
08/11/2021 08/11/21 For Sale $120,000 -- $43 / Sq Ft
Source: Bright MLS

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Map

Source: Bright MLS

MLS Number: PASK2000812

Bright MLS
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