Turnkey Multifamily Property in Bucks County

403 Washington Ave, Sellersville, PA 18960

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For Sale

$1,375,000

Fully renovated, 7-unit multifamily property with verified income and new tenants.

HighLights

High Income & Cap Rate: Generates $112,800 verified gross income and $99,453 net income, boasting a 7%+ cap rate.
Fully Renovated: $500K investment in complete renovation from roof to basement, ensuring a turnkey property.
Turnkey & Fully Occupied: Fully occupied with new, friendly tenants on 1‑year leases, providing immediate cash flow.
Unit Mix: Includes five 1BR/1BA units, one 2BR/1BA unit, and one large 3BR/2BA unit, catering to diverse tenant needs.
New Amenities: Features new laundry facilities (coin‑operated washer/dryers) and newer appliances, some stainless steel.
Prime Location: Located in Bucks County, near Grandview Hospital, within an hour of Philadelphia, and close to highways, shopping, a police station, and a church.

We can help!

Listing Contact

JAMES J REARDON

For Sale

$1,375,000

Fully renovated, 7-unit multifamily property with verified income and new tenants.

Added:: May 20, 2025
Days on Market:: 395
Last Refresh:: Mar 16 at 9:09 am

Property Features for 403 Washington Ave

General Information

Standard status: Active

Building Details

Year Built: 1880

We can help!

Listing Contact

JAMES J REARDON

Listing agent JAMES J REARDON License #RS342638

Listing office EXP COMMERCIAL

Listing date May 20, 2025

Source Corcoran

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All listing content including descriptions, pricing, images are the copyrighted material of EXP COMMERCIAL

HighLights

High Income & Cap Rate: Generates $112,800 verified gross income and $99,453 net income, boasting a 7%+ cap rate.
Fully Renovated: $500K investment in complete renovation from roof to basement, ensuring a turnkey property.
Turnkey & Fully Occupied: Fully occupied with new, friendly tenants on 1‑year leases, providing immediate cash flow.
Unit Mix: Includes five 1BR/1BA units, one 2BR/1BA unit, and one large 3BR/2BA unit, catering to diverse tenant needs.
New Amenities: Features new laundry facilities (coin‑operated washer/dryers) and newer appliances, some stainless steel.
Prime Location: Located in Bucks County, near Grandview Hospital, within an hour of Philadelphia, and close to highways, shopping, a police station, and a church.

Overview

This is a fully occupied, 7-unit multifamily property that generates $112,800 in verified gross income and $99,453 in net income. The property has undergone complete renovations, with upgrades including re-pointed brick, over 25 new windows, new electric, new flooring, fresh paint, and brand-new baseboard heaters in all units. Additional improvements include an updated roof, all-new electric water heaters, and remodeled kitchens, bathrooms, and living areas. Newer appliances, some stainless steel, are present. New laundry facilities have been installed, featuring two coin-operated washer/dryer units for tenants. The unit mix comprises five 1-bedroom/1-bathroom units, one 2-bedroom/1-bathroom unit, and one 3-story 3-bedroom/2-bathroom unit. All units are occupied by tenants with 1-year leases. Located in Bucks County, the property is situated next to Grandview Hospital, less than an hour from Philadelphia, in a quiet residential neighborhood. It is also located minutes away from highways and shopping, and near a police station and a church. The property has been renovated from roof to basement with an investment of approximately $500,000.

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Local Demand

City: Sellersville
County: Bucks
State: Pennsylvania
Longitude: -75.3155
Latitude: 40.3628

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For sale
Apartment buildings
PA
Sellersville
18960
403 Washington Ave

What type of property is this?

Apartment building - Fully renovated, 7-unit multifamily property with verified income and new tenants.

Where is this apartment building located?

The property is located at 403 Washington Ave Sellersville, PA.

What is the asking price?

The asking price for this property is $1,375,000.

What are key features of this property?

This property features: High Income & Cap Rate: Generates $112,800 verified gross income and $99,453 net income, boasting a 7%+ cap rate.; Fully Renovated: $500K investment in complete renovation from roof to basement, ensuring a turnkey property.; Turnkey & Fully Occupied: Fully occupied with new, friendly tenants on 1‑year leases, providing immediate cash flow.