Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1880
Sq.Footage
N/A
This stunning, fully occupied, cash-flowing, turnkey, 7-unit multifamily fuels $112,800 in VERIFIED gross income and $99,453 in net income, commanding a 7%+ cap with no work to do for the lucky buyer. Sellers have completely renovated the property, which is the neighborhood's shining gem, with a construction investment of roughly $500K to rehab and update the entire building from roof to basement. 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. NEW LAUNDRY - 2 brand-new coin-operated washer/dryers for the tenants have just been installed. 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, next to Grandview Hospital, less than an hour from Philly, 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. They are selling to the lucky buyer. One of the sellers is a licensed RE agent. The same seller has a few other multi-families to sell in Allentown.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Window Unit(s)
-
Heating YN
YES
-
Heating
Baseboard
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
On Street, Driveway
-
Pool
No
-
Waterfront YN
NO
-
View
City, Street
Area & Lot
-
Lot Size(acres)
0.31
-
Property Type
Commercial Sale
Price
-
Sales Price
$1,375,000
-
Tax Amount
5129.0
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
PENNRIDGE
Property Features
-
Sewer
Public Sewer
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Location
County
BUCKS
Elementary School
Middle School
High School
PENNRIDGE
Listing Courtesy of james J Reardon , eXp Commercial
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TheresaKehler
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