PA > Sellersville
Sellersville, PA 18960,403 WASHINGTON AVE
Sellersville, PA 18960,403 WASHINGTON AVE
Sellersville, PA 18960,403 WASHINGTON AVE
Sellersville, PA 18960,403 WASHINGTON AVE
Sellersville, PA 18960,403 WASHINGTON AVE
Sellersville, PA 18960,403 WASHINGTON AVE
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David Burris

David Burris

+1(609) 304-4202
Listed by james J Reardon • eXp Commercial
$ 1,375,000
Est. payment | /mo

0.31 Acres Lot

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$ 1,375,000
Est. payment | /mo
Save Virtual Tour

0.31 Acres Lot

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Pending

Purchase Type For Sale

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

Bright MLS (BMLS)

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David Burris
David Burris

Agent | License ID: 1973254

+1(609) 304-4202

513 S Lenola Rd, Moorestown, NJ, 08057, United States

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403 WASHINGTON AVE

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