403 Washington

Fully occupied with $109K Actual Gross, $93,903 Actual Net, 8% CAP @ asking. Owners invested over $400K to completely rehab and update this cash-flowing, turnkey, 7-unit multi-family, located in coveted Bucks County on a corner lot with a private backyard including 8 parking spaces and sold with a CLEAR Certificate of Occupancy issued by the city. 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. 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 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. Acceptable offers within 10% of the asking price at or above $1,100,000 will be presented to the seller and will have serious consideration if within reasonable terms. NOTE - The owners love this property but live 1.5 hours away and due to the distance, they are selling to the lucky buyer.