403 Washington Avenue Sellersville, PA 18960 Municipality: Sellersville Boro

Multi-Family Residence

Beds

7 Baths

3,696 Sq. Ft.

0.31 Acre Lot

Property Activity

Time on Site

days

Days on Market

Views

Saves

Last updated on 11/15/2024 6:16 PM

Listing Details

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 C...ounty 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 Continue reading

MLS#

PABU2082414

Property Type

Multi-Family

Bathrooms

Year Built

1880

Square Feet

3,696 sq. ft

Price per Sq. Ft.

$317.91

Lot Size