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Key Details
Sold Price $550,000
Property Type Single Family Home
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,520 sqft
Price per Sqft $218
MLS Listing ID PABU2046036
Sold Date 05/26/23
Style Colonial
Abv Grd Liv Area 2,520
Originating Board BRIGHT
Year Built 1987
Annual Tax Amount $5,781
Tax Year 2022
Lot Dimensions 113.00 x
Property Description
INVESTOR ALERT!!! CASH POSITIVE INVESTMENT FROM DAY 1! Let's make it simple:
- separately metered units with tenants covering all costs and utilities
- current rents of $2200 and $1650 (long term tenant who does all snow, landscaping, and HVAC maintenance)
- both leases end in My and June this year and are expecting increases
- projected realistic rent of $2350/mo per unit or $$56,400 annually
- BiggerPockets suggests a minimum annual of 10% on purchase price. This property EXCEEDS that figure
- Still plenty of equity growth remaining
This one is all about the numbers. Take advantage of the lower rates and generate thousands in FREE CASH FLOW every month! Projected rent based on market rates. Similar local units rent as high as $2500/mo. See attached cap rate sheet for estimations.
Built in 1987, this unit is still in its youth as a property. My seller wants to invest in bigger projects so he is ready to turn over this amazing opportunity.
Location
State PA
County Bucks
Area Sellersville Boro (10139)
Zoning BC
Interior
Hot Water Electric
Heating Heat Pump - Electric BackUp
Cooling Central A/C
Fireplace N
Heat Source Electric, Natural Gas
Exterior
Garage Built In, Garage - Front Entry, Inside Access
Garage Spaces 2.0
Waterfront N
Water Access N
Accessibility None
Parking Type Attached Garage, Driveway, Parking Lot
Attached Garage 2
Total Parking Spaces 2
Garage Y
Building
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Pennridge
Others
Tax ID 39-005-135
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Cash,Conventional,FHA
Special Listing Condition Standard
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Bought with Thomas E. Skiffington • RE/MAX 440 - Perkasie
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