$377,500
$390,000
3.2%For more information regarding the value of a property, please contact us for a free consultation.
3,152 SqFt
SOLD DATE : 11/20/2018
Key Details
Sold Price $377,500
Property Type Single Family Home
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,152 sqft
Price per Sqft $119
MLS Listing ID 1002107236
Sold Date 11/20/18
Style Other,Converted Dwelling
HOA Y/N N
Abv Grd Liv Area 3,152
Originating Board TREND
Year Built 1860
Annual Tax Amount $5,105
Tax Year 2018
Lot Size 7,440 Sqft
Acres 0.17
Lot Dimensions 24X310
Property Description
TURNKEY APARTMENT BUILDING FOR SALE - SVN Ahia Commercial Real Estate is pleased to extend the opportunity for investors to purchase 559 Bath Street, a fully occupied 4-unit apartment building located in one of Bucks County's most up-and-coming sub-markets. This turn key investment has been owned and managed by long-term local owners for over 30+ years. With no immediate capital needs, this offering provides a new owner excellent day-1 cashflow, while still presenting a variety of easily-executable value-add opportunities. Current ownership has invested a significant amount of capital into upgrading and maintaining the building over its 30+ years of ownership. Improvements within the last 5 years include a new roof, water heater, chimney stack, oil tank (above ground), sidewalk replacement, sewer lines, and various upgrades throughout the interior apartments. This investment is easy to maintain, offers some of the largest apartments in the market, has no deferred maintenance or immediate capital needs, and provides a significant value-add opportunity to a new owner. Immediate value-add propositions include long term tenants with below market rents, an opportunity to convert oil heat to sub-metered electric (billed to tenants), and future garage/parking income. Located in historic Bristol Borough, a booming market nationally recognized as the "2017 Small Business Revolution" winner, the building is just a few steps to Mill Street and all the best dining, shopping, and entertainment options. Within walking distance to the Bristol Train Station, regional rail service provides an easy commute to Central/Northern NJ, Philadelphia, and many suburban employment hubs. Additionally, direct access to I-95, I-276 (PA Turnpike), and I-295 make the area a prime location.
Location
State PA
County Bucks
Area Bristol Boro (10104)
Zoning R2
Direction South
Rooms
Other Rooms Primary Bedroom
Basement Full, Unfinished
Interior
Interior Features Ceiling Fan(s)
Hot Water Natural Gas
Heating Oil
Cooling Wall Unit
Flooring Wood, Laminated
Fireplace N
Window Features Replacement
Heat Source Oil
Laundry Washer In Unit, Dryer In Unit
Exterior
Fence Other
Utilities Available Cable TV Available
Waterfront N
Water Access N
Roof Type Pitched,Shingle
Accessibility None
Parking Type On Street, Parking Lot
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other, Converted Dwelling
Additional Building Above Grade
New Construction N
Schools
Elementary Schools Snyder - Girotti
High Schools Bristol Middle -
School District Bristol Borough
Others
Tax ID 04-008-207
Ownership Fee Simple
Acceptable Financing Conventional, FHA 203(b)
Listing Terms Conventional, FHA 203(b)
Financing Conventional,FHA 203(b)
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Bought with Antonio DiCianni • SVN-Ahia Commercial Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "