Multifamily

$950,000

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79 Gough Avenue
Ivyland, PA 18974

  • – beds
  • – baths
  • 10,228 sqft
  • 14,760 sqft lot
  • $92 per sqft
  • 1872 build

Historic “Ivyland Inn”. Currently used as four apartments. Rental income is approximately $5,000 a month. Owner has obtained zoning approvals for four additional apartments, totaling eight units in this building. All approvals, engineering plans, and architectural designs are included in this sale. New apartment rental for 8 units could be approximately 16,000.00 per month. If units are condos, a sale of 8 units could be approximately 2.6 million. The original hotel offers many Victorian accents which include a two-tiered wrap-around porch, four-towered mansard roof sections, and four stories of architectural details. One of a kind building. Front entry door features 10+ foot ceiling in foyer. The third and fourth floors remain as originally built as hotel rooms. This is where the design for the new apartments will go.

BRIGHT logo Listing courtesy of BRIGHT / Walter Studley Real Estate Sales Corp

Last checked: Checking… • Last updated Jan 3, 2022 •

MLS# PABU2007766 —

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Sale history

Date Event Source Price % Change
1/3/22
Sold Subject To Contingencies BRIGHT $950,000
9/10/21
Listed / Active BRIGHT $950,000

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