Address
79 Gough Avenue, Ivyland, PA
Price
$ 975,000
Property Attributes
- MLS#PABU2049806
- TypeMulti-Family
- CountyBUCKS
- CityIvyland
- AreaIvyland Boro
- Zip18974
- StyleVictorian
- Year Built1872
- Taxes$ 8924
- Price$ 975,000
- Bedrooms8
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.34 Acres
Data Source:
Bright MLS
Property Description
Welcome to 79 Gough Avenue, previously the historic Ivyland Hotel. This multifamily investment property currently has 4 apartments. 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. The first and second floor currently contain the 4 apartments. The third and fourth floor would be the other 4 units providing stunning views of the Borough. The engineered plans, architectural renderings and approvals are included in the sale. 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 has the potential with all 8 apartments of $14,000+ per month. OR, currently keep the existing 4 apartments to capture $6,500-$6,800 per 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 a potential to build their portfolio. 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.
| Elementary School | Middle School | High School |
|---|---|---|
| Mcdonald Elementary School | Log College Middle School | William Tennent High School |
| Price History | |
|---|---|
| 5/25/2023 | Listed $975,000 |
General Features
| Accessibility | None |
|---|---|
| Architectural Style | Victorian |
| Basement | Full, Unfinished, Outside Entrance |
| Construction Materials | Stone |
| Cool Fuel | Electric |
| Cooling | None |
| County | BUCKS |
| Electric | 200+ Amp Service |
| Elementary School | MCDONALD |
| Exterior Features | Sidewalks, Street Lights |
| Garage Y/N | No |
| Heating | Hot Water, Radiator |
| High School | WILLIAM TENNENT |
| Historic Y/N | Yes |
| Interior Features | Carpet, Crown Moldings |
| Location Type | Corner Lot/Unit |
| Lot Size Square Feet | 14760.00 |
| MLS Area | Ivyland Boro (10117) |
| Middle/Junior High School | LOG COLLEGE |
| New Construction | No |
| One Bedroom Units Count | 1 |
| Other Structures | Above Grade, Below Grade |
| Other Units | Unit 1, Unit 2, Unit 4, Unit 3 |
| Percent Ownership | Fee Simple |
| Pool Y/N | No Pool |
| Possession | Negotiable |
| Price Per Sq Ft | 186.5 |
| Property SubType | Other |
| Property Type | Multi-Family |
| Roof | Flat |
| School District | CENTENNIAL |
| School District | 300200397326 |
| Sewer | Public Sewer |
| Structure Type | Other |
| Tax Annual Amount | 8924.0 |
| Tax Lot | 057 |
| Tax Year | 2023 |
| Total Units | 4 |
| Two Bedroom | 2 |
| Vacation Rental Y/N | No |
| Water Access Y/N | No |
| Waterfront Y/N | No |
| Zoning | R1 |
Interior Features
| Basement Y/N | Yes |
|---|---|
| Central Air Y/N | No |
| Fireplace Y/N | No |
| Flooring | Wood, Tile/Brick |
| Furnished Units | None |
| Heating Fuel | Oil |
| Heating Y/N | Yes |
| Hot Water | Electric |
| Three Bedroom Units Count | 1 |
Exterior Features
| Days on Market | 15 |
|---|---|
| Living Area | 5228 |
| Foundation Details | Stone |
| Lot Dimensions | x 123.00 |
| Lot Size Acres | 0.34 |
| Lot Size Source | Assessor |
| Navigable Water Y/N | No |
| Type of Parking | On Street |
| Water Oriented Y/N | No |
| Water Source | Public |
| Water View Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 18974
Price
Taxes
Visits
Year Built
Walkscore
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