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Key Details
Sold Price $495,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,634 sqft
Price per Sqft $302
Subdivision Streamview
MLS Listing ID PABU518074
Sold Date 03/12/21
Style Colonial
Bedrooms 7
Full Baths 4
HOA Y/N N
Abv Grd Liv Area 1,634
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $5,771
Tax Year 2021
Lot Size 2.281 Acres
Acres 2.28
Lot Dimensions 0.00 x 0.00
Property Description
Kick-off 2021 with an amazing multi-unit income-producing property with exceptional ROI potential! This 2.28 acre property features 3 units within two homes and a large 52' x 32' four-car garage. The main house is a beautifully restored log-home that includes 3-beds, 1 full bath, fireplace, 1st floor laundry, and a brand new roof! It was recently renovated with new flooring, paint, and is move-in ready. The 2nd home includes 2 additional units. The 1st unit has 3 beds, 2 full baths, an open concept 1st fl., and a covered porch. The 2nd until has 1 bed, 1 full bath, and a nice deck with a wooded view. Both units have dry basement storage and are occupied with long-term tenants. All three units include built-in laundry rooms. Tenants pay all utilities. The garage was built with the intention of possibly converting it into two 1600 sq. ft. 3-bed, 2 bath units. If those units were completed, you would be sitting pretty with a 5-unit grossing approximately $91,800 annually from rental income! This projected income is based on the following monthly rents: $1800 each for two additional 3-bed units if the garage is converted, $1650 for the 3-bed house, $1500 for the 3-bed unit, $900 for the 1-bed unit. Someone's investment portfolio is going to look a lot nicer with this property in it!
Location
State PA
County Bucks
Area Milford Twp (10123)
Zoning RA
Direction East
Rooms
Basement Full, Front Entrance, Garage Access, Interior Access, Outside Entrance, Poured Concrete, Shelving, Unfinished, Walkout Level
Main Level Bedrooms 7
Interior
Hot Water Electric
Heating Baseboard - Electric, Baseboard - Hot Water, Central, Heat Pump - Gas BackUp
Cooling Ceiling Fan(s), Heat Pump(s), Window Unit(s)
Flooring Hardwood, Vinyl, Partially Carpeted
Fireplaces Number 1
Fireplaces Type Stone, Wood, Mantel(s)
Fireplace Y
Heat Source Electric, Oil, Propane - Leased, Wood
Laundry Hookup, Main Floor
Exterior
Garage Garage Door Opener, Garage - Front Entry, Additional Storage Area
Garage Spaces 32.0
Utilities Available Electric Available, Propane, Sewer Available, Water Available
Waterfront N
Water Access N
Roof Type Architectural Shingle
Street Surface Black Top
Accessibility 32\"+ wide Doors, Accessible Switches/Outlets
Parking Type Detached Garage, Driveway, Off Street
Total Parking Spaces 32
Garage Y
Building
Lot Description Backs to Trees, Cleared, Corner, Landscaping, Mountainous, Open, Partly Wooded, Rear Yard, Rural, Secluded, SideYard(s), Stream/Creek, Trees/Wooded
Story 2
Sewer On Site Septic
Water Well
Architectural Style Colonial
Level or Stories 2
Additional Building Above Grade, Below Grade
Structure Type 9'+ Ceilings,Cathedral Ceilings,Dry Wall,High,Log Walls
New Construction N
Schools
Elementary Schools Quakertown
Middle Schools Quakertown
High Schools Quakertown Community Senior
School District Quakertown Community
Others
Senior Community No
Tax ID 23-005-011
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
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Bought with Carol Copelin • BHHS Keystone Properties
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "