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Karen Scarpa

[email protected] +1(732) 631-4514

$ 1,175,000

Est. payment -/mo

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403 WASHINGTON AVE Sellersville, PA 18960

3,696 SqFt

UPDATED:

10/29/2024 04:36 AM

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,696 sqft

Price per Sqft $317

MLS Listing ID PABU2082414

Originating Board BRIGHT

Year Built 1880

Annual Tax Amount $4,996

Tax Year 2024

Lot Size 0.313 Acres

Acres 0.31

Lot Dimensions 98.00 x 139.00

Property Description

Best in show & location - This fully occupied, cash-flowing, turnkey, 7-unit multifamily fuels $112,800 in VERIFIED gross income and $99,453 in net income while standing at an 8.5% CAP rate at asking. Owners invested over $400K to completely rehab and update this stunning building in coveted Bucks County on a corner lot with a private backyard, including ten parking spaces. The city recently gave you a CLEAR Certificate of Occupancy, which limits your expenses. Upgrades include Re-pointed Brick, 25+ NEW windows, new electric, new flooring, fresh paint, and brand-new baseboard heaters installed in all units, an updated roof, all-new electric water heaters, and completely remodeled kitchens, BRs, living areas, and bathrooms. All newer appliances, some stainless. There are five (5) large 1BR/1BA units, one (1) 2BR/1BA, and one (1) very large, 3-story 3BR/2BA. All brand new, clean, friendly tenants that love the rebranding of this property and have 1-year leases. This property is located in Bucks County and within a quiet residential neighborhood with half-million-dollar homes. Minutes away from highways, shopping, and located near a police station and a church. NOTE - The owners love this property and poured their hearts into the renovations, but they live 1.5 hours away, and due to the distance, they are selling to the lucky buyer. One of the sellers is a licensed RE agent

Location

State PA

County Bucks

Area Sellersville Boro (10139)

Zoning MR

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling Window Unit(s)

Heat Source None

Exterior

Garage Spaces 11.0

Waterfront N

Water Access N

Accessibility 2+ Access Exits

Parking Type Driveway, On Street

Total Parking Spaces 11

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

High Schools Pennridge

School District Pennridge

Others

Tax ID 39-003-197

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Listed by james J Reardon • eXp Commercial

Karen Scarpa

Agent | RMFR8838475

+1(732) 631-4514

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East Brunswick, NJ

Karen Scarpa

Karen Scarpa

403 WASHINGTON AVE Sellersville, PA 18960

Key Details

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Building

Schools

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