Tremendous multi-unit investment opportunity in Tamaqua’s rapidly growing downtown! Walking distance to shopping, dining, and more, this building offers a prime location for its three floors of income-producing units. The main level offers a recently renovated rear one-bedroom apartment and a commercial unit ready for renovations for a marvelous business location downtown. The second floor is a blank canvas, immediately ready to be turned into additional residential units. The third floor offers two units. To the front, a two-bedroom with a bow window presenting lovely north facing views. To the rear, a one-bedroom unit. Both have been recently renovated into attractive, highly functional, and desirable apartments. The rear of the property offers a spacious carport accessed via Ceder Street, potential added income! A small yard spans the area between the building and its parking area. With three units already producing income and the potential of the commercial unit and the second floor to fashion into your ideal leasing situation, this is an investors dream! Qualifies for Tamaqua's City Revitalization and Improvement Zone (CRIZ)!
Sold for $205,000 on 11/15/24
$205,000
242 E Broad St, Tamaqua, PA 18252
4beds
--baths
3,240sqft
Townhouse
Built in 1881
-- sqft lot
$224,800 Zestimate®
$63/sqft
$1,114 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: November 15, 2024 at 09:34am
Listed by:
Vince Boyle 570-225-6577,
RE/MAX Real Estate-Allentown
Bought with:
Julia Shoff, RS372414
Iron Valley Real Estate Keystone
Source: Bright MLS,MLS#: PASK2018010
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
Basement
- Area: 0
Heating
- Baseboard, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Electric Water Heater
Features
- Flooring: Hardwood, Vinyl, Wood
- Has fireplace: No
Interior area
- Total structure area: 3,240
- Total interior livable area: 3,240 sqft
Property
Parking
- Parking features: Off Street
Accessibility
- Accessibility features: 2+ Access Exits
Features
- Pool features: None
Lot
- Size: 3,049 sqft
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 65130242
- Zoning: C
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional,Colonial
- Property subtype: Townhouse
Materials
- Vinyl Siding
- Foundation: Other
Condition
- New construction: No
- Year built: 1881
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Tamaqua
- Municipality: TAMAQUA BORO
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Ownership: Fee Simple