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403 Washington Avenue

Sellersville PA 18960

11
7
10
3696 sq. ft.
13678 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

Best in show & location - This fully occupied, cash-flowing, turnkey, 7-unit multifamily fuels $112, 800 in VERIFIED gross income and $99, 453 in net income while standing at an 8.5% CAP rate at asking. Owners invested over $400K to completely rehab and update this stunning building in coveted Bucks County on a corner lot with a private backyard, including ten parking spaces. The city recently gave you a CLEAR Certificate of Occupancy, which limits your expenses. 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. 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 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, but they live 1.5 hours away, and due to the distance, they are selling to the lucky buyer. One of the sellers is a licensed RE agent

Features

11 bedrooms
7 bathrooms
10 carspaces
10 open car spaces
3696 sq. ft. floor area
13678 sq. ft. lot size
Multi-Family

Property history for 403 Washington Avenue

2024
Rented
Undisclosed
16 Jan 2024 by VRA Realty
2022
Sold
Undisclosed
14 Nov 2022

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Local market activity for 11 bedroom multi families in Sellersville

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