403 WASHINGTON AVE Active Save Request In-Person Tour Request Virtual Tour
Sellersville,PA 18960
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 $297
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
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