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Key Details
Sold Price $225,000
Property Type Single Family Home
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,150 sqft
Price per Sqft $195
MLS Listing ID PABU2044776
Sold Date 04/27/23
Style Other
Abv Grd Liv Area 1,150
Originating Board BRIGHT
Year Built 1925
Annual Tax Amount $3,827
Tax Year 2022
Lot Size 3,300 Sqft
Acres 0.08
Lot Dimensions 22.00 x 150.00
Property Description
Welcome to this fantastic multi-family property located in Morrisville, PA – a great investment opportunity for savvy investors! This two-unit property features one 2 – bedroom unit and one 1 – bedroom unit, providing a perfect opportunity for multi-generational families, roommates, or tenants with varying needs. Both units in the property are currently tenant occupied, offering an immediate stream of income for potential investors. 1st floor apartment currently paying $800/mo. Upstairs 2 BR paying $900/mo. Both tenants have leases up until 11-30-23. Each unit has separate metered gas and electric. Shared laundry in basement which, can be accessed from outside rear door. You may note that there are 3 gas meters and 3 electric meters. The 3rd gas meter is for hot water heater in basement, which is in need of replacement. This hot water heater is for the washer in basement. The 3rd electric meter is for clothes dryer, porch light and vestibule light. These items are paid for by the landlord. Property has central air. Tenants responsible for snow removal and lawn cutting as well as gutter cleaning. There is off street parking in the rear, which is accessed by an alleyway. This multi-family property is in a prime location in the Morrisville, with easy access to major highways, public transportation, and local amenities. With its attractive rental income, potential, this property is a great additional to any real estate investment portfolio. Don’t miss the opportunity to invest in a multi-family property with a proven track record of rental income and a great location in Morrisville, PA. Contact us today to schedule a tour and discover all that this property has to offer!
Location
State PA
County Bucks
Area Morrisville Boro (10124)
Zoning R2A
Rooms
Basement Full
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Morrisville Borough
Others
Tax ID 24-008-408
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Vaughn Derassouyan • Keller Williams Real Estate-Langhorne