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15 E BRIDGE STREET

NEW HOPE , PA 18938

MLS#: 1002516345

$1,500,000

Status: Closed
Listing number: 1002516345
Listing provided by: BHHS Fox & Roach-New Hope
Listing agent phone: None
Last update: 2 years ago
Browse Properties
NEW HOPE - Residential Income

Property

Beds

7

Full Baths

None

1/2 Baths

None

Year Built

1831

Sq.Footage

4,727

6 Unit mixed commercial/residential building in the heart of downtown New Hope. Landmark building on a prime location, riverfront with views of the Delaware, building has been fully renovated and enjoys full occupancy with long term tenants. Four apartments upstairs (three one bedrooms and one two bedroom), two commercial tenants on the main floor (long term leases, occupied by tenants since 2009 and 2011). Commercial leases contain annual increases, residential rental rates are low for the area and offer room for increases (landlord has left apartment leases alone for long term, reliable tenants). All utilities separately metered, property makes over $100k a year and presents a 7% CAP rate (beats the general market return!). Property was previously approved for an additional 750 sq ft commercial space (one story), new owner could re-apply for zoning permit and expand the building/rent roll. Flexible CC zoning allows for home-office or home-business, this building is ready to go and make you money on day one.

Features & Amenities

Interior

  • Total Bedrooms

    7

  • Bathrooms

    N/A

  • Above Grade Finished Area

    4727.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Natural Gas

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Wood Siding

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

  • View

    Water

Area & Lot

  • Lot Size(acres)

    0.15

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    Other

Price

  • Sales Price

    $1,500,000

  • Tax Amount

    11480.0

  • Sq. Footage

    4, 727

  • Price/SqFt

    $317

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    NEW HOPE-SOLEBURY

  • High School

    NEW HOPE-SOLEBURY

Property Features

  • Foundation Details

    Stone

  • Sewer

    Public Sewer

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Location

County

BUCKS

Elementary School

Middle School

NEW HOPE-SOLEBURY

High School

NEW HOPE-SOLEBURY

Listing Courtesy of Stephen G Darlington , BHHS Fox & Roach-New Hope

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Agent TheresaKehler

Owner, President, Investment Property Advisor

TheresaKehler

Call Theresa today to schedule a private showing.

(215) 605-9647

theresa@tntrealestatesolutions.com


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6 Unit mixed commercial/residential building in the heart of downtown New Hope. Landmark building on a prime location, riverfront with views of the Delaware, building has been fully renovated and enjoys full occupancy with long term tenants. Four apartments upstairs (three one bedrooms and one two bedroom), two commercial tenants on the main floor (long term leases, occupied by tenants since 2009 and 2011). Commercial leases contain annual increases, residential rental rates are low for the area and offer room for increases (landlord has left apartment leases alone for long term, reliable tenants). All utilities separately metered, property makes over $100k a year and presents a 7% CAP rate (beats the general market return!). Property was previously approved for an additional 750 sq ft commercial space (one story), new owner could re-apply for zoning permit and expand the building/rent roll. Flexible CC zoning allows for home-office or home-business, this building is ready to go and make you money on day one.

15 E BRIDGE STREET

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