131 W Broad St Tamaqua, PA, 18252
Two Separate Buildings
Asking Price: $370,000
Images and all deal info courtesy of Lenny Wyda
Photos Link
Tamaqua 2 Bed/ Front Building / 1st Floor
Tamaqua 5 bed, Front Building 2nd floor
Tamaqua Exterior + Basement Front Building
Tamaqua Back Building Exterior + First Floor 2 Bed Apartment
Buy & Hold Overview
Current:
- Gross Rents: $63,600
- Annual NOI: $29,874
- Cap Rate: 8.07% 20% holdback for Management/Vacancy/Maintenance accounted for
- Lease Type: Month to Month Leases
Projected at Market Rents
- Gross Rents: $70,800
- Annual NOI: $35,154
- Cap Rate: 9.37% 20% holdback for Management/Vacancy/Maintenance accounted for
- Cash on Cash Return: 9.63%
Highlights
- No immediate repairs needed
- Long term tenants
- Room to increase rents
- Large basement space + Garage
- Fully Occupied
Utilities
- Heat: Paid by Landlord: One furnace for each of the two buildings
- Electric: Paid by Tenant: All units are currently metered separately
- Water/Sewer: Paid by Landlord: Not split
- Trash: Paid by Landlord
*Actual Current Owner Paid Average Utility
|
water, sewer, trash |
$394.33 | $4,731.96 |
| Heat | $875.00 | $10,500.00 |
| electric | $60.00 | $720.00 |
| taxes | $256.59 | $3,079.08 |
| Insurance | $204.50 | $2,454.00 |
Current Rents
| Monthly | Annual | |
|---|---|---|
| 2 Bed 1 Bath now 3D Print Shop-Front Building (1st Floor) | $1,100.00 | $13,200.00 |
| 5 Bed 2 Bath-Front Building (2nd Floor) | $1,600.00 | $19,200.00 |
| Bakery-Front Building (1st Floor) | $850.00 | $10,200.00 |
| 2 Bed 1 Bath-Back Building (1st Floor) | $890.00 | $10,680.00 |
| 3 Bed 1 Bath Back Building (2nd Floor) | $910.00 | $10,920.00 |
| Current Gross Rental Income: | $5,350.00 | $64,200.00 |
Property Details
- Beds: 12
- Baths: 6.0
- Square Footage: 5,088 SF
- Lot Size: 3,920
- Year Built: 1901
- Zoning: Commercial Combination
- Heat: (Front Building) Oil Furnace (Back Building) Oil Furnace – Both replaced within 2 years
- Electric: Updated 2 years ago
- Plumbing: Copper
- Water: Public
- Sewer: Public
- Roof: Rubber replaced within last 10 years, prior to purchase of current owner
- Foundation: Masonary-Bearing Walls (Brick,Block,Stn)
- Windows: Wood Double Hung
- Water Heater: Both replaced within 2 years
- Garage: 1
- Features: 3 unit front building, 2 unit back building
- Flooring: Wood, Tile
- Flood Zone: Yes
- Mold Noted: No
- Water Damage: No
- Water in Basement: No
- Taxes: $3,079
Comparable Sales/CMA
*we recommend any potential investor do their own due diligence and use these as a point of reference only
ARV (After Repair Value) Comps:
242 E Broad St, Tamaqua, PA 18252 | Zillow Sold: 1/27/26
132 E Broad St. Tamaqua Sold: 10/30/24
Active Mixed use 3 unit same street:
128 E Broad St, Tamaqua, PA 18252 | MLS #PM-136019 | Zillow
Estimated Market Rents
Bright MLS:
Contact Us to Schedule a Walkthrough
The Melito & Koch Team
- Lenny Wyda Direct Line: 570-413-0921
- Lenny Wyda Email: lenny@melitoandkoch.com
- Website: melitoandkoch.com
- Facebook: The Melito & Koch Team
Disclosures
- ORAL CONSUMER NOTICE:
- The Real Estate Law requires that I provide you with a written notice that describes the various business relationship choices that you may have with a real estate licensee. Since we are discussing real estate without you having the benefit of the consumer notice, I have the duty to advise you that any information you give me at this time is not considered to be confidential, and any information you give me will not be considered confidential unless and until you and I enter into a business relationship. At our first meeting I will provide you with a written consumer notice which explains those business relationships and my corresponding duties to you.
- HOLD HARMLESS ACKNOWLEDGEMENT:
- The information contained in this email, including attachments, is confidential and may be legally privileged. It is intended solely for the use of the individual or entity to whom it is addressed. If you are not the intended recipient, please notify the sender immediately and delete this email. Real estate investment carries inherent risk, and this email does not constitute legal or financial advice. While I strive to provide accurate and up-to-date information, I make no warranties regarding the correctness of the data or the viability of the investment strategies discussed. By using the information provided, you agree to hold harmless The Morrow Wargo Group, Realty ONE Group Supreme, or any other entity related to our relationship- for any reliance on the content of this correspondence. Investment decisions should be made based on your own due diligence and consultation with financial and legal advisors. As a real estate agent, I provide services to assist in purchasing properties and analyzing data; however, the ultimate responsibility for investment decisions lies with the investor.
- DUE DILIGENCE:
- This deal must be analyzed individually. Investment returns are not guaranteed. All investors should conduct their due diligence. The Melito & Koch Team, Realty ONE Group Supreme, and associated parties are not liable for any inaccuracies or reliance on this information.
- This deal must be analyzed individually. Investment returns are not guaranteed. All investors should conduct their due diligence. The Melito & Koch Team, Realty ONE Group Supreme, and associated parties are not liable for any inaccuracies or reliance on this information.