403 Washington Avenue
Sellersville Boro, PA 18960
- 11 beds
- 7 baths
- 3,696 sqft
- 13,678 sqft lot
- $378 per sqft
- 1900 build
This stunning, fully occupied, cash-flowing, turnkey, 7-unit multifamily fuels $112,800 in VERIFIED gross income and $99,453 in net income, commanding a 7%+ cap with no work to do for the lucky buyer. Sellers have completely renovated the property, which is the neighborhood's shining gem, with a construction investment of roughly $500K to rehab and update the entire building from roof to basement. Upgrades include Re-pointed Brick, 25+ NEW windows, new electric, new flooring, fresh paint, and brand-new baseboard heaters installed in all units, an updated roof, all-new electric water heaters, and completely remodeled kitchens, BRs, living areas, and bathrooms. All newer appliances, some stainless. NEW LAUNDRY - 2 brand-new coin-operated washer/dryers for the tenants have just been installed. There are five (5) large 1BR/1BA units, one (1) 2BR/1BA, and one (1) very large, 3-story 3BR/2BA. All brand new, clean, friendly tenants that love the rebranding of this property and have 1-year leases. This property is located in Bucks County, next to Grandview Hospital, less than an hour from Philly, and within a quiet residential neighborhood with half-million-dollar homes. Minutes away from highways, shopping, and located near a police station and a church. NOTE - The owners love this property and poured their hearts into the renovations. They are selling to the lucky buyer. One of the sellers is a licensed RE agent. The same seller has a few other multi-families to sell in Allentown.
Last checked:
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Checking…
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Last updated May 15, 2025
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MLS# 757526 —
The Building
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Construction Materials:Brick, Stone
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Year Built Details:Unknown
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Year Built:1900
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Number Of Units Total:7
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Building Area:Assessor
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Patio And Porch Features:Patio
Interior
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Interior Features:Balcony
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Stories:3
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Stories Total:3
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Flooring:Carpet, Hardwood
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Living Area:3696.0
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Living Area Source:Assessor
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Laundry Features:CommonArea
Financial & Terms
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Listing Terms:Cash,Conventional
Location
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Longitude:-75.315524
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Latitude:40.362821
The Property
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Property Type:ResidentialIncome
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Property Sub Type:Apartment
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Property Sub Type Additional:Detached
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Zoning:residential
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Property Condition:Unknown
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Parcel Number:39003197
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Lot Size Acres:0.314
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Lot Size Area:13678.0
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Lot Size Dimensions:98X139
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Lot Size Square Feet:13,678 Sqft
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Lot Size Units:SquareFeet
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Lot Size Source:PublicRecords
Listing Agent
- Contact info:
- Agent phone:
- (888) 397-7352
- Office phone:
- (888) 397-7352
Taxes
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Tax Annual Amount:$4,997
Beds
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Bedrooms Total:11
Baths
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Bathrooms Full:7
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Bathrooms Total:7
The Listing
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Virtual Tour URL:
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Virtual Tour URL:
Heating & Cooling
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Cooling:WallUnits
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Cooling:true
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Heating:Baseboard,Electric
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Heating:true
Utilities
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Sewer:PublicSewer
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Water Source:Public
Schools
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Middle School District:Not Applicable
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High School District:Not Applicable
The Community
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Subdivision Name:Not In Development
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Senior Community:false
Parking
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Parking Features:Driveway, OffStreet, OnStreet
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Parking Total:10.0
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/15/25
May 15, 2025
|
Listed / Active | GLVR | $1,400,000 |
