$310,000
$330,000
6.1%For more information regarding the value of a property, please contact us for a free consultation.
0.27 Acres Lot
SOLD DATE : 10/23/2015
Key Details
Sold Price $310,000
Property Type Single Family Home
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Subdivision Andalusia
MLS Listing ID 1002701092
Sold Date 10/23/15
Style Other
HOA Y/N N
Originating Board TREND
Year Built 1815
Annual Tax Amount $2,801
Tax Year 2015
Lot Size 0.270 Acres
Acres 0.27
Lot Dimensions 42 X 276
Property Description
Attention Investors: Don't miss this rare opportunity to purchase a 4 unit multi-family property located in Bensalem Township. This is a unique property with great numbers, low taxes, and priced to provide an excellent Cap. Rate of over 9%. And that is based on REAL numbers with ALL expenses included in the calculation. I have personally owned this property for the past 8 years and have very accurate expense records. We have invested well over $80,000 into the property over that time converting all of the units to separate utilities with heat pumps and central Air, and renovating three of the 4 apartments. Two of the apartments were renovated in the past year and were taken down to the studs and rebuilt with everything new including wiring, plumbing, etc. These two apartments have been renovated to attract high quality tenants and feature custom tile bathrooms, granite kitchens, etc. a third unit was renovated 8 years ago and the 4th remains mostly original, but in good condition. This property is also zoned Commercial for unlimited possibilities. Located very close to public transportation and shopping. Additional information available upon request. Even if financed (25% down), this property would still have a positive cash flow of over $11,000/year. Financing is available to qualified buyers. This is a home run you will want to add to your portfolio
Location
State PA
County Bucks
Area Bensalem Twp (10102)
Zoning C
Rooms
Other Rooms Primary Bedroom
Basement Partial, Unfinished
Interior
Hot Water Electric
Heating Heat Pump - Electric BackUp, Forced Air
Cooling Central A/C
Flooring Wood, Fully Carpeted, Vinyl, Tile/Brick, Laminated
Fireplace N
Laundry Washer In Unit, Dryer In Unit
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
New Construction N
Schools
School District Bensalem Township
Others
Tax ID 02-029-309
Ownership Fee Simple
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Bought with Allan C Bernard Jr. • Keller Williams Real Estate-Langhorne
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "