403 Washington Avenue, Sellersville Boro, PA 18960 (MLS # 746913)

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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

DAYS ON MARKET 16 LAST UPDATED 10/14/2024
TRACT Not in Development YEAR BUILT 1900
COMMUNITY Sellersville COUNTY Bucks
STATUS Active PROPERTY TYPE(S) Multi Family

SCHOOLS
School District Not Applicable


ADDITIONAL DETAILS
AREA Sellersville
CONSTRUCTION Brick, Stone
EXTERIOR Balcony
LOT 0.314 acre(s)
LOT DIMENSIONS 98X139
SEWER Public Sewer
STORIES 2
SUBDIVISION Not in Development
TAXES 4997
WATER Public
ZONING residential
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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*Estimate only
Listed with EXP Realty LLC
BrightMLS

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Data last updated: 10/30/24 11:23 AM PDT

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