2,572 SqFt
2,572 SqFt
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Under Contract
Purchase Type For Sale
Square Footage 2,572 sqft
Price per Sqft $252
MLS Listing ID PABU2131708
Style Victorian
Abv Grd Liv Area 2,572
Year Built 1900
Annual Tax Amount $6,411
Tax Year 2026
Lot Size 0.558 Acres
Acres 0.56
Property Sub-Type Detached
Source BRIGHT
Property Description
The main building consists of three residential units. The first unit features 1 bedroom and 1 full bathroom. The second unit offers 3 bedrooms, 1 full bathroom, and a walk-up attic providing additional space. The third unit is a studio-style layout with 1 bedroom, 1 half bathroom, and a separate shower area.
The residential units are currently occupied and generating rental income. The first and second-floor units are leased to the same tenant on a month-to-month basis at $2,850 per month. The tenant is also responsible for grass cutting and shrub trimming. The third unit is currently rented on a month-to-month basis for $1,300 per month. Combined residential rental income is currently $4,150 per month, or $49,800 annually, excluding any additional income from the retail space.
In addition to the residential units, the property includes a detached barn that has been converted into retail space, providing an additional commercial component and potential income stream. The property is currently used as a nonconforming residential use. Buyers are encouraged to perform their own due diligence regarding zoning, permitted uses, property condition, leases, and any future use of the property.
The property features timeless character and charm and presents an opportunity for an investor looking to renovate and update while preserving the property's unique character. The building does require TLC and updating, offering potential for improvements and increased value.
With three residential units, established month-to-month tenancy, current rental income, additional retail space, and value-add potential, this property offers a unique investment opportunity.
Location
State PA
County Bucks
Area Wrightstown Twp (10153)
Zoning CR1
Rooms
Basement Unfinished
Interior
Interior Features Attic
Hot Water Multi-tank
Heating Radiant
Cooling Window Unit(s)
Fireplaces Number 1
Fireplace Y
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Foundation Concrete Perimeter
Above Ground Finished SqFt 2572
Sewer Septic Exists
Water Well
Architectural Style Victorian
Additional Building Above Grade
New Construction N
Schools
School District Council Rock
Others
Tax ID 53-004-002
Ownership Fee Simple
SqFt Source 2572
Acceptable Financing FHA, VA, Cash, Conventional
Listing Terms FHA, VA, Cash, Conventional
Financing FHA,VA,Cash,Conventional
Special Listing Condition Standard
Nearby Locations
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12320 Academy Rd, Philadelphia, Pennsylvania 19154, USA