A rare opportunity to acquire a fully leased, character-rich Bucks County asset with immediate income and clear upside - ideal for both seasoned investors and lifestyle buyers seeking a hybrid investment. This fully rented 5-unit farmhouse conversion is situated on nearly 6 acres in desirable Buckingham Township, offering immediate cash… Read More flow with strong upside potential. The property includes four units within the main farmhouse and a detached, carriage house (Unit 5), creating a diversified and stable income stream. All units are generously sized and reflect sought-after Bucks County character. Unit 4 (former horse stable) and Unit 5 (carriage house) have been fully renovated, while three remaining units present value-add opportunities through future updates and rent optimization. Current rents are below market, with nearby comps supporting increased income opportunities. At the current asking price of $1,595,000, the property delivers an approximate 6.5% in-place cap rate, offering investors a strong in-place return with compelling potential to elevate both income and long-term value. Tenants pay all utilities except water, helping maintain low operating expenses. Additional income is generated through garage rentals, and a full basement provides valuable storage. The property also benefits from a newer septic system and ample on-site parking. Located just minutes from Doylestown, New Hope, and major commuter routes, this is a rare opportunity to acquire a stabilized asset with both immediate income and long-term appreciation potential. 12 parking spots not including garages. Showings available late afternoons by appointment only with listing agent with 24-hour notice. Serious inquiries only. Read Less
Courtesy of Mandee Hammerstein, Innovate Real Estate 267-367-6626
Listing Snapshot
Days Online
1
Last Updated
Property Type
Commercial
Square Ft.
6,376
Lot Size
5.72 Acres
Year Built
1850
MLS Number
PABU2120026
Additional Details
Building
Built in 1850, 2 stories, Construction Materials: Masonry
Cooling
Central A/C, Ceiling Fan(s), Window Unit(s), Wall Unit
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