For more information regarding the value of a property, please contact us for a free consultation.
31 W LINCOLN HWY Penndel, PA 19047
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $538,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,352 sqft
Price per Sqft $228
MLS Listing ID PABU2052532
Sold Date 09/08/23
Style Dwelling with Rental
Abv Grd Liv Area 2,352
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $5,404
Tax Year 2022
Lot Size 7,350 Sqft
Acres 0.17
Lot Dimensions 50.00 x 147.00
Property Description
See Attached document for Major Improvement History. 2022 Windows and Storm doors replaced throughout, new back stairs, 2021 new roof main building.
All Units have separate water heaters and electric meters.
All Units have two exits.
There are two sump pumps.
Unit 3, Second floor, 4 bedroom unit has gas heating, all other units are electric base board with separate thermostats.
Many long time tenants; Rents have been held by Landlord; Unit 3 tenant takes care of mowing and snow removal in exchange for favorable rent . Suggested current market rents; unit 1 $900, unit 2 $900, unit 3 $1500, Carriage Apt $1100. This would bring it in line with a 7.5 cap rate.
Location
State PA
County Bucks
Area Penndel Boro (10132)
Zoning RC
Rooms
Basement Unfinished
Interior
Hot Water Electric
Heating Baseboard - Electric, Forced Air
Cooling Window Unit(s)
Fireplace N
Heat Source Electric, Natural Gas
Exterior
Garage Spaces 8.0
Waterfront N
Water Access N
Accessibility 2+ Access Exits
Parking Type Parking Lot
Total Parking Spaces 8
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Dwelling with Rental
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Neshaminy
Others
Tax ID 32-003-152-001
Ownership Fee Simple
SqFt Source Assessor
Security Features Exterior Cameras
Special Listing Condition Standard
Read Less
Bought with C Michael Manzo • Mill Race Realty
GET MORE INFORMATION