$410,000
$499,000
17.8%For more information regarding the value of a property, please contact us for a free consultation.
7,500 Sqft Lot
SOLD DATE : 09/28/2017
Key Details
Sold Price $410,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision None Available
MLS Listing ID 1000454415
Sold Date 09/28/17
HOA Y/N N
Originating Board TREND
Year Built 1965
Annual Tax Amount $9,022
Tax Year 2017
Lot Size 7,500 Sqft
Acres 0.17
Lot Dimensions 50X150
Property Description
Over 8% CAP Rate on 7 unit apartment building. Fully occupied, rents currently below market rent. A nominal increase in rents will increase the CAP Rate to 9.5%. Units are walking distance to shopping, restaurants, and downtown Trenton. Easy access to the NJ Transit/Amtrak train station. There are 4 one-bedroom and 3 two-bed room units in two buildings. Each building is two-story, with a large yard between. On-street parking is readily available. All utilities are separate. Heat, water and sewer are included in rent. Take over and start the cash flow.
Location
State PA
County Bucks
Area Morrisville Boro (10124)
Zoning C3
Rooms
Other Rooms Primary Bedroom
Interior
Fireplace N
Exterior
Waterfront N
Water Access N
Accessibility None
Road Frontage Boro/Township
Parking Type None
Garage N
Building
New Construction N
Schools
School District Morrisville Borough
Others
Tax ID 24-006-231
Ownership Fee Simple
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Bought with I Lee Dickstein • River Valley Properties
“Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”