$700,000
$799,900
12.5%For more information regarding the value of a property, please contact us for a free consultation.
5,900 SqFt
SOLD DATE : 11/27/2017
Key Details
Sold Price $700,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,900 sqft
Price per Sqft $118
Subdivision None Available
MLS Listing ID 1000275969
Sold Date 11/27/17
Style Other
HOA Y/N N
Abv Grd Liv Area 5,900
Originating Board TREND
Year Built 1960
Annual Tax Amount $12,910
Tax Year 2017
Lot Size 0.435 Acres
Acres 0.43
Lot Dimensions 95
Property Description
Rare opportunity to own an income producing property while either restoring the Seven Gables home to its original glory or the potential to split into a multi-unit. 2 buildings plus the detached 2 car garage with ample parking in front lot and driveway access and parking for the Seven Gables Home. 4 unit apartment building features 4 1 bedroom apartments all tenant occupied and most have been updated recently. All have washer and dryer in unit, kitchen with dishwasher, refrigerator, microwave and range. Seven Gables home includes an additional apartment rented for $1200/month. Bring your contractor and vision for the house! Home features new roof, new windows, new siding and the interior is ready for your to bring your dreams to life! Hardwood floors throughout that simply need to be refinished to shine. Enter through the front door to the foyer that is showcased by the gorgeous staircase and also features an extra large living room with fireplace, dining room with built-ins that opens to the kitchen through the butlers pantry. Kitchen is a shell and demolition of previous kitchen has been taken care of for you and measures about 17 x 19. Abutting the kitchen is an enclosed porch with powder room. Second floor offers 4 large bedrooms plus a sitting room that would make a glorious closet. Full bathroom with demolition completed. Plenty of space to add a second full bath and create a master suite. Third floor offers an additional level of living space with 3 more rooms. Basement offers plenty of room for storage and/or recreation. Front lot has 6 parking spaces. Home has a 2 car detached garage with side shed and driveway parking. Beautiful yard in front and rear. Current Net Income is $5120/month $61440/year plus expense reimbursement of $3560/year. Seven gables is oil heat. 4 unit apartment building has electric baseboard heat and electric is separately metered. Tenants pay flat fee for water and trash. Additional photos and information available upon request.
Location
State PA
County Montgomery
Area Hatboro Boro (10608)
Zoning R3
Rooms
Other Rooms Primary Bedroom
Basement Full, Unfinished
Interior
Hot Water Oil
Heating Electric, Radiator, Baseboard - Electric
Cooling Wall Unit
Flooring Wood, Fully Carpeted
Fireplace N
Window Features Energy Efficient
Heat Source Oil, Electric
Laundry Washer In Unit
Exterior
Garage Spaces 10.0
Waterfront N
Water Access N
Roof Type Shingle
Accessibility None
Parking Type Driveway, Parking Lot, Detached Garage
Total Parking Spaces 10
Garage Y
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
Middle Schools Keith Valley
High Schools Hatboro-Horsham
School District Hatboro-Horsham
Others
Tax ID 08-00-00571-006
Ownership Fee Simple
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Bought with Brenda L Gelnett • RE/MAX Legacy
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "