79 Gough Ave,  Ivyland  (18974)

$869,900

4 bedrooms 4   0 bathrooms 0   5228 square feet 5,228
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PROPERTY DETAILS

Address: view address
Ivyland, PA 18974
Map Location
Features: Multi-level
Bedrooms:4Square Feet:5,228 sq.ft.
Lot Size:0.34 acresYear Built:1872
Styles:VictorianProperty Type:Other
School District:CentennialCounty:BUCKS
List Date:2023-05-25Listing Number:PABU2049806
Listed By:Keller Williams Real Estate-DoylestownListing Office:[email protected]; (215) 340-5700

PROPERTY DESCRIPTION

(UPDATE as of DEC. 11, 2023 - The encroachment has been resolved and the Borough's suit has been settled) Welcome to 79 Gough Avenue, previously the historic Ivyland Hotel. This multifamily investment property currently has 4 apartments. The first and second floor currently contain the 4 apartments. The first-floor decking has all been replaced with new footers, deck structure and Azek wrapped posts to bring some of the history back to this gem. New landscaping all around and parking potential in the back of the building. This cash flowing property of the existing 4 apartments currently captures $6,300 per month which are below market rents. All current leases are month to month. This unique property has custom trim accents & detail that brings back that old world charm & craftsmanship. With inventory of multifamily properties at an all-time low, this provides the savvy investor with the potential to build their portfolio. The third and fourth floor would be the other 4 units providing stunning views of the Borough. The engineered plans, architectural renderings and approved plans are included in the sale. The Land Development Plans have also been submitted to the Borough (Named the Temperance House Lofts). The owner has taken the time & effort to obtain zoning approvals for 4 more additional apartments which would provide the new owner 8 total cash producing apartments. This cash flowing property has the potential with all 8 apartments of $18,000+ per month. A Buyer could choose to keep this as a 4-unit apartment investment or take on the construction project for the additional 4. Great location & convenient to major traffic routes such as 263, 132 and 332 and minutes from the Warminster train station which runs into Center City Philadelphia. Listing Agent must accompany all showings, please see Agent notes in the Listing for details. ( NOTE: No ADA type B units required, no ADA accessibility in the form of a ramp or a chair lift required to the building)

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Interior

Electric Water Heater:YesHot Water Heat:Yes
Oil Heat:YesWood Floors:Yes

Exterior

Building Design:OtherLiving Square Feet:5,228.00
On Street Parking:YesStone Exterior:Yes
Style:Victorian

Property and Lot Details

Corner Lot:YesElementary School:Mcdonald
High School:William TennentLot Acres:0.34
Lot Dimension:x 123.00Lot Sqft:14,760.00
Middle School:Log CollegePublic Sewer:Yes
Public Water:YesSchool District:Centennial
Taxes:9,131.00Transaction Type:Sale
Year Built:1872

Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

Loading Data...

Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

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Listed By: Keller Williams Real Estate-Doylestown