For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $815,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 4,852 sqft
Price per Sqft $167
MLS Listing ID PABU2033358
Sold Date 11/21/22
Originating Board BRIGHT
Year Built 1910
Annual Tax Amount $11,878
Tax Year 2021
Lot Size 10,725 Sqft
Acres 0.25
Lot Dimensions 39.00 x 275.00
Property Description
Great opportunity to own a multi-unit apartment complex in the heart of Sellersville! This listing consists of two buildings. The front building at 63 N. Main Street features 7 apartments, (5 one bedroom and 2 two bedroom). The rear building known as 65 N. Main Street includes 4 apartments (all 2 bedroom). In addition this property features four 1 car garages. All tenants pay their own heat and hot water. Most of the apartments have electric baseboard heat but some are heated by natural gas. Many of the rents are well below market and have not been increased in quite some time. This property could easily generate another $20,000 in annual income. Coin operated laundry on premises. All units are currently rented with the exception of two garages. Lot borders Lenape Park and trail system. Property is professionally managed. Gross annual income is $119,820.00. Square footage for front building at 63 N. Main Street is 4852 SF. Square footage and age for building in rear at 65 N. Main Street is unknown. Income & Expense statement available upon request.
Location
State PA
County Bucks
Area Sellersville Boro (10139)
Zoning MR
Interior
Hot Water Electric, Natural Gas
Heating Baseboard - Electric, Baseboard - Hot Water
Cooling Window Unit(s)
Heat Source Natural Gas, Electric
Exterior
Garage Spaces 15.0
Utilities Available Natural Gas Available
Water Access N
Accessibility None
Total Parking Spaces 15
Garage N
Building
Lot Description Backs - Parkland
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Pennridge
Others
Tax ID 39-005-284
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Carol A Kramer • Coldwell Banker Hearthside-Doylestown