Turnkey Multifamily Property in Bucks
403 Washington Ave, Sellersville, PA 18960
For Sale
$1,375,000
Fully renovated, 7-unit multifamily property with verified income and new tenants.
Property SizeContact for details
Days on Market536
Property Features for 403 Washington Ave
General Information
Standard status
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Listing Agency:
EXP COMMERCIAL
Listed By:
JAMES J REARDON · License #RS342638
(484) 866-2495
Source:
Corcoran
Added: May 20, 2025
Changed: Mar 16
Last Checked: Nov 6 at 8:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP COMMERCIAL
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Investment Insights
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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.
Key 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.
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Location Intelligence
Trade Area within ½ mile
659
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Demographics for 18960, PA
13,561
Population
5,264
Households
2.6
Avg Household Size
44
Median Age
40%
College-Educated
96%
High-School Grad
19.1 sq mi
ZIP Area
710
Density / Sq Mi
$103,594
Median Household Income
$52,215
Median Earnings
$1,361
Median Rent
$373,300
Median Home Value
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Market
Properties on Market for Apartment buildings in Bucks County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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.
