Nancy Bremble - Coldwell Banker Hearthside

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.

Details

MLS#1002107236
Sub-TypeResale
StatusActive
Year1860
Days On Site23

Features

Market Activity 19007

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Area Information

StatePA
CityBRISTOL
Zip Code19007
AreaBristol Boro (10104)
Listing VS Median (in 19007)
Price:
$390,000
low | high
Med:
$179,900
100% of Average
On Site:
23
low | high
Med:
235
9.787234042553% of Average
Listing Updated: 08/17/2018
MLS Number: 1002107236
Listing Provided By:
Antonio DiCianni  of  SVN- Ahia Commercial Real Estate

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