132 E Broad Street, Hazleton

About This Property

Downtown Hazleton- mixed-use building in a high traffic area! Features two street-level commercial units (former Henry's Cafe Tavern & Storefront) plus two 3 bedroom apartments with off-street tenant parking. Owners Notes on Rents and Operating Expenses: The sewer expense is $129 unit/per quarter or $2,064 annually; Insurance expense is $3,850 per year; Garbage collection fee for apartments is $17.75 unit per month or $426 annually. The commercial tenants hire their own garbage hauler (cost is paid by the tenants); The oil heat cost is approximately $6,000 per year; Although there are individual water meters, this expense is paid by the owner (required by water company).The monthly minimum water fee is $14.25 per unit. The #132 apartment water fee has been averaging approximately $40 per month. The remaining units use minimal water. The electric for the basement and the chair lifts is on the tavern electric meter (owner). The electric hot water heater is on the electric storefront meter (paid by the tenant). The owner provides snow removal and maintenance. There is a lease for the #134 apartment (see attached document). The leases for the tenant occupied storefront and #132 apartment are verbal, month to month (paid on 3rd day of each month). There are no security deposits. Rents include heat and utilities (except for electric, which is paid by the tenants). Owner has the apartments registered with the City of Hazleton.

This property has sold and is no longer on the market. This is an older sale on record (May 2019), not a recent one — values in this market have moved since. It sold for $110,000 in May 2019. For recent comparable sales on this street and what they mean for your own property, contact us directly. Listed by McGuire Real Estate Group.