$92,000
$105,000
12.4%For more information regarding the value of a property, please contact us for a free consultation.
871 Sqft Lot
SOLD DATE : 08/29/2022
Key Details
Sold Price $92,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PASK2006190
Sold Date 08/29/22
Style Other
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $1,454
Tax Year 2022
Lot Size 871 Sqft
Acres 0.02
Lot Dimensions 22.00 x 47.00
Property Description
Centrally located multi-unit in Schuylkill County! Perfect investment opportunity with some serious cash flow. A look out the front door you are right across the street from Boyer's, CVS, Burger King, and the liquor store. Out the back door you can take a walk into town. Bring along the water, you'll get a beautiful breeze and rarely need A/C. Property is being sold as is and priced to sell. First floor is a 2 bedroom and 2nd floor is a one bedroom. Homeowner insurance $631/yr for $232,500 coverage thru Erie insurance
Each tenant has own water & electric meters. Owner is leaving one FULL tank of oil (2 tanks in basement). If 1st floor rent was $750 and 2nd floor was $625 ($1,375/mo = $16,500/yr)
Those rents would still be under market value for 2 water view apartments. Deduct expenses & taxes and profit is $8,633/yr at $100,000 offer($8,633 profit) That's 8.6 % return on the investment…NOWHERE will anyone get 8.6 % back on your money. Property accessed at $126,000. Appliances included!
PER UNIT - Trash $51/quarter, Water $113-118/quarter, Sewage $130/quarter, Oil usage depends on temps. Use is average of 1200-1400 gals/year with tenants keeping thermostats at 68 degrees.
Location
State PA
County Schuylkill
Area Tamaqua Boro (13365)
Zoning RESIDENTIAL
Rooms
Basement Unfinished
Interior
Hot Water Electric
Heating Other
Cooling Other
Heat Source Other, Oil
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type Other
Garage N
Building
Foundation Other
Sewer Other
Water Other, Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Tamaqua Area
Others
Tax ID 65-13-0233
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Melissa Estina Graham • Coldwell Banker Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "