PA > Sellersville
Sellersville, PA 18960,403 WASHINGTON AVE
Sellersville, PA 18960,403 WASHINGTON AVE
Sellersville, PA 18960,403 WASHINGTON AVE
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Listed by james J Reardon • eXp Commercial
$1,400,000
Est. payment /mo
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3,696 SqFt
New

403 WASHINGTON AVE Sellersville, PA 18960

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Nicholas Bostic

Nicholas Bostic

+1(717) 887-2448

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,696 sqft

Price per Sqft $378

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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agent

Nicholas Bostic

Real Estate Agent | License ID: RS363577

+1(717) 887-2448

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403 WASHINGTON AVE