Log In/Sign Up
Your email has been sent.
$120K GROSS - FULL RENO 409 W Broad St 7 Unit Apartment Building $1,248,660 CAD ($178,380 CAD/Unit) 10.38% Cap Rate Tamaqua, PA 18252
INVESTMENT HIGHLIGHTS
- Renovated
- High Cap Rate
- Highly Desireable
EXECUTIVE SUMMARY
This cash-flowing, brick-built 8-unit multifamily stunner generates a Net Operating Income of $93,419 on Gross Income of $120,000, offered at $900,000, delivering a 10% cap at full occ, self-managed. Owners invested over $100,000 in targeted upgrades to deliver stability, low upkeep, & tenant appeal. Interiors: $80K across all 8 units with full spackle/paint, flooring replacements where needed, & refreshed kitchens & baths with updated fixtures, cabinetry, & plumbing. Exterior scope: brand-new roof; $3,200 brick repointing to protect the envelope; $4,095 demo of failing metal steps & installation of reinforced steps with safety railings; $8,500 replacement/repair of exterior stair & balcony wood using pressure-treated, code-compliant materials; fresh exterior paint & cleanup. Each unit is separately metered for electric—TNTs shoulder their own usage, supporting NOI & predictable ownership costs. Solid brick construction, efficient layouts, code-compliant improvements, & a supply-constrained rental market underpin durable occupancy & upside. This is turnkey: minimal near-term capex, stabilized operations, & professional workmanship designed for longevity. Whether you’re growing a portfolio or executing a 1031 exchange, this income-forward asset offers immediate returns, resilient cash flow, & appreciation potential in a revitalizing Tamaqua. Request the rent roll, renovation invoices, & pro forma. *Some estimated or projected financials based on industry standards.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$166,488
|
$16.94
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$166,488
|
$16.94
|
| Taxes |
$21,645
|
$2.20
|
| Operating Expenses |
$15,234
|
$1.55
|
| Total Expenses |
$36,878
|
$3.75
|
| Net Operating Income |
$129,610
|
$13.19
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $166,488 |
| Annual Per SF | $16.94 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $166,488 |
| Annual Per SF | $16.94 |
| Taxes (CAD) | |
|---|---|
| Annual | $21,645 |
| Annual Per SF | $2.20 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $15,234 |
| Annual Per SF | $1.55 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $36,878 |
| Annual Per SF | $3.75 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $129,610 |
| Annual Per SF | $13.19 |
PROPERTY FACTS
| Price | $1,248,660 CAD | Building Class | C |
| Price Per Unit | $178,380 CAD | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 9,828 SF |
| Cap Rate | 10.38% | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1920/2025 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden |
| Price | $1,248,660 CAD |
| Price Per Unit | $178,380 CAD |
| Sale Type | Investment |
| Cap Rate | 10.38% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 9,828 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1920/2025 |
| Opportunity Zone |
Yes |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Oven
- Large Bedrooms
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 4 | $2,012 CAD | 1,400 |
1 1
PROPERTY TAXES
| Parcel Number | 65-11-0388.000 | Total Assessment | $246,229 CAD (2025) |
| Land Assessment | $230,364 CAD (2025) | Annual Taxes | $21,645 CAD ($2.20 CAD/SF) |
| Improvements Assessment | $15,865 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
65-11-0388.000
Land Assessment
$230,364 CAD (2025)
Improvements Assessment
$15,865 CAD (2025)
Total Assessment
$246,229 CAD (2025)
Annual Taxes
$21,645 CAD ($2.20 CAD/SF)
Tax Year
2024
1 of 44
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
$120K GROSS - FULL RENO | 409 W Broad St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.