559 Bath Street

    Bristol, PA 19007
    • $390,000
    • STATUS: Active
    • ON SITE: 20 days
    • ID#: 7223988
    UPDATED: 41 min ago
    $390,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,152
      SQFT
    • $124
      $/SQFT
    Neighborhood:
    000
    Type:
    Multi-Family
    Built:
    1860
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing courtesy of Svn- Ahia Commercial Real Estate.

    Description

    TURNKEY APARTMENT BUILDING FOR SALE - SVN Ahia Commercial Real Estate is pleased to extend the opportunity for investors to purchase 559 Bath Street, a fully occupied 4-unit apartment building located in one of Bucks County's most up-and-coming sub-markets. This turn key investment has been owned and managed by long-term local owners for over 30+ years. With no immediate capital needs, this offering provides a new owner excellent day-1 cashflow, while still presenting a variety of easily-executable value-add opportunities. Current ownership has invested a significant amount of capital into upgrading and maintaining the building over its 30+ years of ownership. Improvements within the last 5 years include a new roof, water heater, chimney stack, oil tank (above ground), sidewalk replacement, sewer lines, and various upgrades throughout the interior apartments. This investment is easy to maintain, offers some of the largest apartments in the market, has no deferred maintenance or immediate capital needs, and provides a significant value-add opportunity to a new owner. Immediate value-add propositions include long term tenants with below market rents, an opportunity to convert oil heat to sub-metered electric (billed to tenants), and future garage/parking income. Located in historic Bristol Borough, a booming market nationally recognized as the "2017 Small Business Revolution" winner, the building is just a few steps to Mill Street and all the best dining, shopping, and entertainment options. Within walking distance to the Bristol Train Station, regional rail service provides an easy commute to Central/Northern NJ, Philadelphia, and many suburban employment hubs. Additionally, direct access to I-95, I-276 (PA Turnpike), and I-295 make the area a prime location.

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    The data relating to real estate for sale on this website appears in part through the TREND Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Remax Preferred | Scott Kompa Group participates, and is provided by TREND through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. 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. Copyright 2018 TREND, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Data last updated 2018-08-16T14:57:39.367.
    www.scottkompa.com/homes/85992392

    559 Bath Street Bristol, PA 19007

    • Price: $390,000
    • Status: Active
    • Updated: 41 min ago
    • ID#: 7223988
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    3,152
    SQFT
    $124
    $/SQFT
    1860
    Built
    Neighborhood:
    000
    County:
    Bucks
    Area:
    Bristol Boro (10104)
    Elementary School:
    Snyder Girotti
    Middle School:
    Bristol
    High School:
    Bristol
    School District:
    Bristol Boro
    Property Description
    TURNKEY APARTMENT BUILDING FOR SALE - SVN Ahia Commercial Real Estate is pleased to extend the opportunity for investors to purchase 559 Bath Street, a fully occupied 4-unit apartment building located in one of Bucks County's most up-and-coming sub-markets. This turn key investment has been owned and managed by long-term local owners for over 30+ years. With no immediate capital needs, this offering provides a new owner excellent day-1 cashflow, while still presenting a variety of easily-executable value-add opportunities. Current ownership has invested a significant amount of capital into upgrading and maintaining the building over its 30+ years of ownership. Improvements within the last 5 years include a new roof, water heater, chimney stack, oil tank (above ground), sidewalk replacement, sewer lines, and various upgrades throughout the interior apartments. This investment is easy to maintain, offers some of the largest apartments in the market, has no deferred maintenance or immediate capital needs, and provides a significant value-add opportunity to a new owner. Immediate value-add propositions include long term tenants with below market rents, an opportunity to convert oil heat to sub-metered electric (billed to tenants), and future garage/parking income. Located in historic Bristol Borough, a booming market nationally recognized as the "2017 Small Business Revolution" winner, the building is just a few steps to Mill Street and all the best dining, shopping, and entertainment options. Within walking distance to the Bristol Train Station, regional rail service provides an easy commute to Central/Northern NJ, Philadelphia, and many suburban employment hubs. Additionally, direct access to I-95, I-276 (PA Turnpike), and I-295 make the area a prime location.
    Exterior Features

    Design QuadplexApartment BuildingConvdwlg Exterior Brick Exterior Features SidewalksStreet LightsFencing Garage No Garage Spaces No Garage Lot Dimensions 24X310 Parking StreetParking LotPrivate Roof Pitched RoofShingle Roof Storage BasementAtticShed Water Front No

    Interior Features

    Basement Yes Basement Type FullUnfinished Central Air No Cooling Wall Unit Entrance Foyer Floor WoodLaminate Handicap None Heating Oil Hot Water Natural Gas Interior Features Ceiling Fan(s)CabletvavailReplacement Windows Interior Square Feet Source Assessor Laundry Type Washer In UnitDryer In Unit One Bedroom Units 2 Studio Efficiency Units 1 Two Bedroom Units 1 Unit Four Baths 1 Unit Four Bedrooms 1 Unit Four Partial Baths 0 Unit One Baths 1 Unit One Bedrooms 0 Unit One Partial Baths 0 Unit Three Baths 1 Unit Three Bedrooms 1 Unit Three Partial Baths 0 Unit Two Baths 1 Unit Two Bedrooms 2 Unit Two Partial Baths 1

    Property Features

    Annual Gross Expense 14079.0 Annual Gross Income 42900.0 Annual Heating Expense 5078.0 Annual Insurance Expense 2096.0 Annual Maintanance Expense 1800.0 Building Facade Orientation South Cross Street Mill Street Current Financing ConventionalFha 203(B) Elementary School Other Snyder Girotti Land Use Code 1024 Lot Number 207 New Construction No Property Condition Average+Prop Sewer Septic Public Sewer Tax Year 2018 Total Assessment 21600.0 Total Taxes 5105.0 Type Semi-Detached Unit Four Monthly Rent 825.0 Unit Four Occupied Yes Unit One Monthly Rent 750.0 Unit One Occupied Yes Unit Three Monthly Rent 800.0 Unit Three Occupied Yes Unit Two Monthly Rent 1200.0 Unit Two Occupied Yes Water Public Zoning Code R2



    The data relating to real estate for sale on this website appears in part through the TREND Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Remax Preferred | Scott Kompa Group participates, and is provided by TREND through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. 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. Copyright 2018 TREND, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Data last updated 2018-08-16T14:57:39.367.
     
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    Listing courtesy of Svn- Ahia Commercial Real Estate.