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USAPASellersvilleNot in Development403 Washington Ave
403 Washington Ave, Home with 11 bedrooms, 7 bathrooms and null parking in Sellersville PA | Image 1
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$1,400,000

403 Washington Ave, Sellersville, PA

Real Estate

For Sale

$--,---,---
1170
  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage No
Taxes $4,997
Days Active 1
Lot Size 
Approx. Age 1900
MLS® Number 757526

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
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No Data
Walk Score®
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Transit Score®
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Bike Score®
MLS® Number757526
Laundry Level
Central VacNo
FireplaceNo
Acreage0.314
Exterior
GarageNo
Approx. Age1900
Basement
Driveway
Garage Spaces
Heat
A/CWall AC
Heating Fuel

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