Morrisville, PA 19067,115 W BRIDGE ST
Morrisville, PA 19067,115 W BRIDGE ST
Morrisville, PA 19067,115 W BRIDGE ST
Morrisville, PA 19067,115 W BRIDGE ST
Morrisville, PA 19067,115 W BRIDGE ST
Morrisville, PA 19067,115 W BRIDGE ST
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$410,000

$499,000

17.8%
Est.Price: ?

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Est. payment /mo

7,500 Sqft Lot


SOLD DATE : 09/28/2017

Key Details

Sold Price $410,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Subdivision None Available

MLS Listing ID 1000454415

Sold Date 09/28/17

HOA Y/N N

Originating Board TREND

Year Built 1965

Annual Tax Amount $9,022

Tax Year 2017

Lot Size 7,500 Sqft

Acres 0.17

Lot Dimensions 50X150

Property Description

Over 8% CAP Rate on 7 unit apartment building. Fully occupied, rents currently below market rent. A nominal increase in rents will increase the CAP Rate to 9.5%. Units are walking distance to shopping, restaurants, and downtown Trenton. Easy access to the NJ Transit/Amtrak train station. There are 4 one-bedroom and 3 two-bed room units in two buildings. Each building is two-story, with a large yard between. On-street parking is readily available. All utilities are separate. Heat, water and sewer are included in rent. Take over and start the cash flow.

Location

State PA

County Bucks

Area Morrisville Boro (10124)

Zoning C3

Rooms

Other Rooms Primary Bedroom

Interior

Fireplace N

Exterior

Water Access N

Accessibility None

Road Frontage Boro/Township

Garage N

Building

New Construction N

Schools

School District Morrisville Borough

Others

Tax ID 24-006-231

Ownership Fee Simple

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Bright MLS (BMLS)
Listed by I Lee Dickstein • River Valley Properties
Bought with I Lee Dickstein • River Valley Properties
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12 Terry Drive Suite 204, Newtown, Pennsylvania, 18940, United States

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