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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

Overview

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.

Listing Details MLS# PM-110828

General Property Information

Building Area Total
6371
Building Area Source
Appraiser
Stories
2
Number Of Buildings
Yes
Year Built
1920
Basement YN
Yes
Lot Size Acres
0.26
List Price/SqFt
75.03
Sold Price/SqFt
68.28

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

Contract Information

Property Sub Type
Multi Family
Listing Contract Date
2023-11-08
Listing Service
Full Service

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

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.

Status Change Information

Purchase Contract Date
2024-01-02
Close Date
2024-01-19
Close Price
435000

More Information

Income and Expenses

Gross Income
6910
Insurance Expense
160.5
Trash Expense
216

Unit 1

Unit #
Yes
Occupied YN
Y
Actual Rent
850
SqFt Total
620

Unit 2

Unit #
2
Occupied YN
Y
Actual Rent
880
SqFt Total
550

Unit 3

Unit #
3
Occupied YN
Y
Actual Rent
1200
SqFt Total
1211

Unit 4

Unit #
4
Occupied YN
Y
Actual Rent
1250
SqFt Total
1318

Unit 5

Unit #
5
Occupied YN
Y
Actual Rent
880
SqFt Total
550

Unit 6

Unit #
6
Occupied YN
Y
Actual Rent
900
SqFt Total
550

Unit 7

Unit #
7
Occupied YN
Y
Actual Rent
950
SqFt Total
550

Unit Details

1 Bedroom
4
2 Bedroom
Yes
3 Bedroom
Yes
4 Bedroom
Yes

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

Currently Not Used

Number Of Units Total
7

Listing Terms

Cash
Yes
Conventional
Yes

Possession

Close Of Escrow
Yes

Cooling

Ceiling Fan(s)
Yes

Heating

Electric
Yes

Water Heater

Electric
Yes

Appliances

Water Heater
Yes

Security Features

Smoke Detector(s)
Yes

Water Source

Public
Yes

Sewer

Public Sewer
Yes

Parking Features

Off Site
Yes

Road Surface Type

Paved
Yes
Listing Office: Pocono Mountains Real Estate, Inc - Brodheadsville
IDX
Last Updated: March - 03 - 2025
Information deemed reliable but not guaranteed.