$450,000
$458,000
1.7%For more information regarding the value of a property, please contact us for a free consultation.
3,148 SqFt
SOLD DATE : 02/28/2023
Key Details
Sold Price $450,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,148 sqft
Price per Sqft $142
MLS Listing ID PABU2041706
Sold Date 02/28/23
Style Other
Abv Grd Liv Area 3,148
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $6,398
Tax Year 2022
Lot Size 0.264 Acres
Acres 0.26
Lot Dimensions 65.00 x 177.00
Property Description
Money maker in the heart of Perkasie Borough! 2 residential apartments, 1 commercial unit and 2 rented garages. The first floor offers a 1 bedroom, 1 full bathroom apartment that is currently rented to a long-term tenant for $875 per month. The first floor also offers a separate commercial space with 2 offices, bathroom and Board Room which was recently rented for $1000 per month. The second floor apartment has 3 bedrooms and 1 full bathroom. It includes a porch area as well as an attic that could easily be finished for additional living space to make it a 5/6 bedroom apartment! This unit is vacant but the rental estimate is $1400 as a 3 bedroom. There is also a detached garage with 2 separate bays, each rented for $150 per month. The property is listed at a 7% cap rate based on the income- 1st floor apartment $875 + office (estimate $1000) + 2nd fl apartment (estimate $1400) + $300 for garages for a total yearly income of $42,900. Expenses are taxes $6398 + Insurance (estimate $2000) + W/S/T $1200 + Gas/ electric $1200 for a total of $10798 annually. Net income is $32102. The property is zoned C2 with a TC (Town Center) overlay. There is potential to build a second mixed use structure on the property- confirm specific details with Perkasie Borough. Come take a look, you won't be disappointed!
Location
State PA
County Bucks
Area Perkasie Boro (10133)
Zoning CZ
Rooms
Basement Full
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Garage - Front Entry
Garage Spaces 5.0
Waterfront N
Water Access N
Accessibility None
Parking Type Detached Garage, Driveway, On Street
Total Parking Spaces 5
Garage Y
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Pennridge
Others
Tax ID 33-005-277
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Todd R Hurley • EXP Realty, LLC
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