501 N Railroad Street, Tamaqua, PA 18252
$435,000
Property Type:
Residential Income
Square Footage:
6,371
Lot Size (sq. ft.):
11,326
Status:
Closed
Current Price:
$435,000
List Date:
11/08/2023
Last Modified:
3/03/2025
Description
Nicely maintained up and down duplex with total 7 units fully occupied by tenants. This property is an investors dream come true!! Multifamily home with a gross monthly rental income of $6,910 now finally available for sale! This is a quality building that the current owners took pride in re-doing. Current tenants desire to stay. Nothing to do but collect the rent Let your tenants pay your mortgage and build your equity. Won't last long! Must see if you are looking for a property to make you some serious CASH.
More Information MLS# PM-110828
Contract Information
Listing Service: Full Service
Property Sub Type: Multi Family
Sold Price: $435,000
Current Price: $435,000
Status: Closed
Listing Contract Date: 2023-11-08
Location, Tax, and Legal
Parcel Number: 65-07-0034.000
Municipality: Tamaqua Borough
High School District: Tamaqua Area
Cnty&Muni Taxes (Legacy): 1205.01
School Tax Amount: 1266.88
Tax Annual Amount: 2471.89
Tax Assessed Value: 30330
Tax Book Number: 2507/0280
Zoning Description: Multi-Family
General Property Information
Building Area Source: Appraiser
Stories: 2
Number Of Buildings: 1
Basement YN: Yes
Lot Size Acres: 0.26
List Price/SqFt: 75.03
Sold Price/SqFt: 68.28
Building Area Total: 6371
Year Built: 1920
Currently Not Used
Number Of Units Total: 7
Remarks and Miscellaneous
Public Historical Remarks: Kitchens: SemiMod, Bathrooms: SemiMod, Miscellaneous: Zoning Code multi, Current Use: Tenants, Miscellaneous: Cert of Occ Req'd No
Public Remarks: Nicely maintained up and down duplex with total 7 units fully occupied by tenants. This property is an investors dream come true!! Multifamily home with a gross monthly rental income of $6,910 now finally available for sale! This is a quality building that the current owners took pride in re-doing. Current tenants desire to stay. Nothing to do but collect the rent Let your tenants pay your mortgage and build your equity. Won't last long! Must see if you are looking for a property to make you some serious CASH.
Unit Details
1 Bedroom: 4
2 Bedroom: 1
3 Bedroom: 1
4 Bedroom: 1
Income and Expenses
Gross Income: 6910
Insurance Expense: 160.5
Trash Expense: 216
Listing Terms
Cash: 1
Conventional: 1
Possession
Close Of Escrow: 1
Unit 1
Unit #: 1
Occupied YN: Y
Actual Rent: 850
SqFt Total: 620
Beds Total: 1
Baths Total: 1
Unit 2
Unit #: 2
Occupied YN: Y
Actual Rent: 880
SqFt Total: 550
Beds Total: 1
Baths Total: 1
Unit 3
Unit #: 3
Occupied YN: Y
Actual Rent: 1200
SqFt Total: 1211
Beds Total: 3
Baths Total: 1
Unit 4
Unit #: 4
Occupied YN: Y
Actual Rent: 1250
SqFt Total: 1318
Beds Total: 4
Baths Total: 1
Unit 5
Unit #: 5
Occupied YN: Y
Actual Rent: 880
SqFt Total: 550
Beds Total: 1
Baths Total: 1
Unit 6
Unit #: 6
Occupied YN: Y
Actual Rent: 900
SqFt Total: 550
Beds Total: 1
Baths Total: 1
Unit 7
Unit #: 7
Occupied YN: Y
Actual Rent: 950
SqFt Total: 550
Beds Total: 2
Baths Total: 1
Cooling
Ceiling Fan(s): 1
Heating
Electric: 1
Water Heater
Electric: 1
Appliances
Water Heater: 1
Security Features
Smoke Detector(s): 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Parking Features
Off Site: 1
Road Surface Type
Paved: 1
Location Tax and Legal
County: Schuylkill
Street Number: 501
Street Direction Prefix: N
Street Name: Railroad
Street Suffix: Street
City (Post Office): Tamaqua
State: PA
Postal Code: 18252
Subdivision Name: None
Status Change Information
Purchase Contract Date: 2024-01-02
Close Date: 2024-01-19
Close Price: 435000
Property Features
Listing Terms: Cash; Conventional
Possession: Close Of Escrow
Cooling: Ceiling Fan(s)
Heating: Electric
Water Heater: Electric
Appliances: Water Heater
Security Features: Smoke Detector(s)
Water Source: Public
Sewer: Public Sewer
Parking Features: Off Site
Road Surface Type: Paved
Listing Office:
Pocono Mountains Real Estate, Inc - Brodheadsville
Last Updated: March - 03 - 2025
Information deemed reliable but not guaranteed.
