$380,000
$408,000
6.9%For more information regarding the value of a property, please contact us for a free consultation.
5,200 SqFt
SOLD DATE : 03/06/2020
Key Details
Sold Price $380,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 5,200 sqft
Price per Sqft $73
MLS Listing ID PABU484354
Sold Date 03/06/20
Style Other
HOA Y/N N
Abv Grd Liv Area 5,200
Originating Board BRIGHT
Annual Tax Amount $9,548
Tax Year 2019
Lot Dimensions 0.00 x 0.00
Property Description
APARTMENTS + RETAIL | EASY TO MANAGE | 100% OCCUPIED | HIGH CASHFLOW - Offered for sale is a rare mixed-use building in Historic Bristol Borough. Under the same family ownership for 30+ years, this incredibly attractive opportunity offers an investor a turnkey asset in one of Bucks County's most sought after rental markets. With demand surging in Bristol Boro, the property has enjoyed 100% historical occupancy in a market that averages an incredibly low 3.3% vacancy rate and 3.5% annual rent growth. The first floor features an occupied commercial unit and leased garage/storage space. The second floor offers 2 fully leased two and three-bedroom apartments with spacious rooms, hardwood floors and carpet, eat-in kitchens, and separate entrances. The building also features separately metered utilities, newer Andersen windows, newer A/C units with heat pumps, and upgraded electrical service. Tenants pay electric, heat, and cable.; Landlord pays water/sewer.
Location
State PA
County Bucks
Area Bristol Boro (10104)
Zoning R-1A
Rooms
Basement Garage Access, Improved, Outside Entrance, Interior Access
Interior
Hot Water Natural Gas
Heating Heat Pump(s)
Cooling Heat Pump(s), Central A/C
Heat Source Electric
Exterior
Garage Additional Storage Area
Garage Spaces 1.0
Waterfront N
Water Access N
Accessibility None
Parking Type Attached Garage, Off Street
Attached Garage 1
Total Parking Spaces 1
Garage Y
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Bristol Township
Others
Tax ID 04-028-201
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, Seller Financing
Listing Terms Cash, Conventional, Seller Financing
Financing Cash,Conventional,Seller Financing
Special Listing Condition Standard
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