Homes for sale - 403 405 Washington Avenue, Sellersville Boro, PA 1...

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Heather McFadden

heather.m@morganelliproperties.com +1(610) 360-1137

$ 1,100,000

Est. payment | -/mo

11 Beds

7 Baths

3,696 SqFt

Save

$ 1,100,000

Est. payment | -/mo

Save

11 Beds

7 Baths

3,696 SqFt

Key Details

Property Type Condo, Commercial

Sub Type Apartment Style,Complex,Detached

Listing Status Active

Purchase Type For Sale

Square Footage 3,696 sqft

Price per Sqft $297

Subdivision Not In Development

MLS Listing ID 746913

Bedrooms 11

Full Baths 7

Year Built 1900

Annual Tax Amount $4,997

Lot Size 0.314 Acres

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

Interior

Cooling Wall AC

Exterior

Garage Spaces 10.0

Building

Story 2.0

Sewer Public

Water Public

New Construction No

Schools

School District Not Applicable

Others

Financing Cash,Conventional

Special Listing Condition Not Applicable

Listed by EXP Realty LLC

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(610) 360-1137

heather.m@morganelliproperties.com

1124 Linden Street, Bethlehem, Pennsylvania, 18018, USA

403 405 Washington Avenue Sellersville Boro, PA 18960