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79 Gough Avenue

Ivyland, PA 18974

– beds
– baths
5,228 sqft
14,760 sqft lot
$160 per sqft
1872 build

(UPDATES: as of DEC. 11, 2023 - The encroachment has been resolved and the Borough's suit has been settled | As of April 10, 2024 Seller has obtained all final Land Development approvals) Welcome to 79 Gough Avenue, previously the historic Ivyland Hotel. This multifamily investment property currently has 4 apartments. The first and second floor currently contain the 4 apartments. The first-floor decking has all been replaced with new footers, deck structure and Azek wrapped posts to bring some of the history back to this gem. New landscaping all around and parking potential in the back of the building. This cash flowing property of the existing 4 apartments currently captures $6,300 per month which are below market rents. All current leases are month to month. This unique property has custom trim accents & detail that brings back that old world charm & craftsmanship. With inventory of multifamily properties at an all-time low, this provides the savvy investor with the potential to build their portfolio. The third and fourth floor would be the other 4 units providing stunning views of the Borough. The engineered plans, architectural renderings and approved plans are included in the sale. The Land Development Plans have also been submitted to the Borough (Named the Temperance House Lofts). The owner has taken the time & effort to obtain zoning approvals for 4 more additional apartments which would provide the new owner 8 total cash producing apartments. This cash flowing property has the potential with all 8 apartments of $18,000+ per month. A Buyer could choose to keep this as a 4-unit apartment investment or take on the construction project for the additional 4. Great location & convenient to major traffic routes such as 263, 132 and 332 and minutes from the Warminster train station which runs into Center City Philadelphia. Listing Agent must accompany all showings, please see Agent notes in the Listing for details. ( NOTE: No ADA type B units required, no ADA accessibility in the form of a ramp or a chair lift required to the building - Seller is moving forward with recording the plans and posting the escrows for the Land Development. Seller will assign, Buyer will be responsible for the financial escrows and for final responsibility of the Developers Agreement)

Listing courtesy of BRIGHT / Keller Williams Real Estate-Doylestown

Last checked: Checking… • Last updated Apr 19, 2024 •

MLS# PABU2049806 —

The Building

Year Built:

1872
Year Built Source:

Estimated
New Construction:

No
Construction Materials:

Stone
Structure Type:

Other
Architectural Style:

Victorian
Historic:

Yes
Building Levels:

4
Building Units Total:

4
Roof:

Flat
Accessibility Features:

None
Foundation Details:

Stone
Basement:

Yes
Basement Type:

Full, Unfinished, Outside Entrance
Total SqFt Source:

Assessor
Total Below Grade SqFt Source:

Assessor
Tax Total Finished SqFt:

5228

Interior

Interior Features:

Carpet, Crown Moldings
Flooring Type:

Wood, Tile/Brick
Fireplace:

No
Wall & Ceilings:

9'+ Ceilings
Living Area SqFt Source:

Assessor

Room Dimensions

Total SqFt:

5228
Living Area SqFt:

5,228 Sqft

Financial & Terms

Sale Type:

Standard
Possession:

Negotiable

Location

Directions:

Corner of Gough Avenue & Pennsylvania Avenue, Ivyland PA 18974
Cross Street:

Pennsylvania Avenue
Latitude:

40.20861435
Longitude:

-75.07310486
Location Type:

Corner Lot/Unit

The Property

Property Type:

Multi-Family
Property Sub Type:

Other
Lot Size Units:

Square Feet
Lot Size Acres:

0.34
Lot Size Source:

Assessor
Lot Size Dimensions:

x 123.00
Lot Dimensions Source:

Assessor
Lot SqFt:

14,760 Sqft
Zoning:

R1
Other Structures:

Above Grade, Below Grade
Water View:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

1011
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

17-003-057
Tax Year:

2023
Tax Lot:

057
Tax Annual Amount:

$9,131
Tax Assessed Value:

$46,000
Year Assessed:

2023
School Tax:

7339.0
County Tax:

1170.00
City/Town Tax:

621.00
Total Taxes Pymnt Freq:

Annually

The Listing

Buyer's Brokerage Compensation:

2.5%
Buyer Agency Comp Type:

% Of Gross
Buyer Agency Comp Selection:

Percent

Heating & Cooling

Cooling Type:

None
Central Air:

No
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Hot Water, Radiator
Heating Fuel:

Oil

Utilities

Sewer Septic:

Public Sewer
Electric Service:

200+ Amp Service
Hot Water:

Electric
Water Source:

Public

Schools

Elementary School:

Mcdonald
Middle School:

Log College
High School:

WILLIAM TENNENT
School District Name:

Centennial
School District Source:

3rd Party

The Community

Exterior Features:

Sidewalks, Street Lights
Pool:

No Pool
Transportation:

Commuter Rail Station 1 to 5 miles

Parking

Garage:

No
Type of Parking:

On Street

Extra Units

Other Units:

Unit 1,Unit 2,Unit 4,Unit 3
Vacation Rental:

No
Units Furnished:

None
One Bedroom Units:

1
Two Bedroom Units:

2
Three Bedroom Units:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/10/24 Apr 10, 2024	Price Changed	BRIGHT	$839,900	-3.4%
3/25/24 Mar 25, 2024	Price Changed	BRIGHT	$869,900	-3.2%
1/2/24 Jan 2, 2024	Price Changed	BRIGHT	$899,000	-2.8%

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This multifamily located in Ivyland, PA 18974 is currently for sale for $839,900. 79 Gough Avenue is a 5,228 square foot multifamily with – beds and – baths. This multifamily is in the attendance area of Mcdonald Elementary School, William Tennent High School, and Log College Middle School.

Listing Courtesy of: BRIGHT and Keller Williams Real Estate-Doylestown.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.