Homes for sale - 403 WASHINGTON AVE, Sellersville, PA 18960

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Edward Rogers

edrogers@honestrealestate.com +1(267) 231-7212

Listed by james J Reardon • eXp Commercial

$ 1,400,000

Est. payment | -/mo

3,696 SqFt

Save Virtual Tour

$ 1,400,000

Est. payment | -/mo

Save Virtual Tour

3,696 SqFt

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,696 sqft

Price per Sqft $378

MLS Listing ID PABU2096264

Year Built 1880

Annual Tax Amount $5,129

Tax Year 2025

Lot Size 0.313 Acres

Acres 0.31

Lot Dimensions 98.00 x 139.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

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.

Location

State PA

County Bucks

Area Sellersville Boro (10139)

Zoning MR

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling Window Unit(s)

Inclusions all appliances

Heat Source None

Exterior

Garage Spaces 11.0

Water Access N

View City, Street

Accessibility 2+ Access Exits

Total Parking Spaces 11

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

High Schools Pennridge

School District Pennridge

Others

Tax ID 39-003-197

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Virtual Tour https://www.youtube.com/watch?v=pz9WymrvpRQ

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(267) 231-7212

edrogers@honestrealestate.com

12320 Academy Rd, Philadelphia, Pennsylvania, 19154, USA

403 WASHINGTON AVE Sellersville, PA 18960