$390,000
$474,900
17.9%For more information regarding the value of a property, please contact us for a free consultation.
4,502 SqFt
SOLD DATE : 11/30/2015
Key Details
Sold Price $390,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 4,502 sqft
Price per Sqft $86
MLS Listing ID 1002640210
Sold Date 11/30/15
Style Other
HOA Y/N N
Abv Grd Liv Area 4,502
Originating Board TREND
Year Built 1850
Annual Tax Amount $4,259
Tax Year 2015
Lot Size 0.577 Acres
Acres 0.58
Lot Dimensions 80X314
Property Description
c.1850s stucco over stone building with c.1875 brick addition is a lucrative investment opportunity. The well-maintained building is sited on over half acre and offers sufficient gravel parking and green, park-like space in back. Inviting entry vestibules for the six rental units which offer refinished oak wood floors and carpet, and nicely updated kitchens. All are occupied and have separate electric meters and upgraded panels. Electric hot water heaters for each unit but one, which is summer-winter hookup. Owner pays water, sewer and heat. The heat is supplied by two oil-fired hot water furnaces which have been serviced annually. Hard-wired fire alarm system with battery backup. 35-yr architectural shingle roof was installed in 2015 with new plywood sheathing. There is room to expand with a studio apartment in the attic, which has new windows. Storage sheds are on concrete pads. Coin-operated washer/dryer included. Building needs some painting and that has been factored into the asking price. A great investment with a capitalization rate of 7.7 in historic Quakertown Boro!
Location
State PA
County Bucks
Area Quakertown Boro (10135)
Zoning R3
Rooms
Other Rooms Primary Bedroom
Basement Full, Unfinished, Outside Entrance, Drainage System, Dirt Floor
Interior
Hot Water Electric
Heating Oil, Hot Water, Radiator, Baseboard
Cooling None
Flooring Wood, Fully Carpeted, Vinyl, Tile/Brick
Fireplace N
Heat Source Oil
Laundry Washer In Unit, Dryer In Unit, Common
Exterior
Garage Spaces 8.0
Utilities Available Cable TV Available
Waterfront N
Water Access N
Roof Type Pitched,Shingle
Accessibility None
Parking Type On Street, Driveway
Total Parking Spaces 8
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
High Schools Quakertown Community Senior
School District Quakertown Community
Others
Tax ID 35-004-286
Ownership Fee Simple
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Bought with Ronald W Bodden • RE/MAX 440 - Quakertown
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "