Property
Beds
7
Full Baths
None
1/2 Baths
None
Year Built
1900
Sq.Footage
3,200
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!
Features & Amenities
Interior
-
Other Interior Features
Eat-in Kitchen, Ceiling Fan(s), Pantry, Cathedral Ceiling(s), High Ceilings
-
Total Bedrooms
7
Area & Lot
-
Lot Features
Corner Lot, Wooded, Cleared
-
Lot Size(acres)
2.28
-
Property Type
Residential Income
-
Architectural Style
Colonial
Exterior
-
Garage
Yes
-
Garage spaces
4
-
Construction Materials
Frame
-
Parking
Off Street, Detached
Financial
-
Sales Price
$495,000
-
Tax Amount
5771.0
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Location
County
BUCKS
Elementary School
QUAKERTOWN
Middle School
QUAKERTOWN
High School
QUAKERTOWN COMMUNITY SENIOR
Listing Courtesy of Robert Gemmel , Keller Williams Real Estate - Allentown
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Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.
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