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141 Main Street, Richland - Bucks, PA 18951

5 Bed, 4 Bath Multi-Family Home For Sale

141 Main Street, Richland - Bucks, PA 18951 House For Sale - MLS #6597180
$474,900
5
4
Multi-Family
5+ Family
6
This listing is courtesy of Addison Wolfe Real Estate.

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Property Description for 141 Main Street, Richland - Bucks, PA 18951

c.1850s stucco over stone building with c.1875 brick addition is a lucrative investment opportunity. The well-maintained building is sited on over half acre and offers sufficient gravel parking and green, park-like space in back. Inviting entry vestibules for the six rental units which offer refinished oak wood floors and carpet, and nicely updated kitchens. All are occupied and have separate electric meters and upgraded panels. Electric hot water heaters for each unit but one, which is summer-winter hookup. Owner pays water, sewer and heat. The heat is supplied by two oil-fired hot water furnaces which have been serviced annually. Hard-wired fire alarm system with battery backup. 35-yr architectural shingle roof was installed in 2015 with new plywood sheathing. There is room to expand with a studio apartment in the attic, which has new windows. Storage sheds are on concrete pads. Coin-operated washer/dryer included. Building needs some painting and that has been factored into the asking price. A great investment with a capitalization rate of 7.7 in historic Quakertown Boro!

Interior Details

10
Public Sewer
Public Water
Cable TV Available

Exterior Details

0.58 acres
25,265 sq. ft.
8+ Car Parking; Street; Off Street Driveway; Shared Driveway
Stone

Other Details

6597180
$3,000

Units Description

Unit #1
Rooms: 1      Bedrooms: 1      Full / Half Baths: 1      Rent: $850     

Unit #2
Rooms: 2      Bedrooms: 1      Full / Half Baths: 1      Rent: $850     

Unit #3
Rooms: 3      Bedrooms: 2      Full / Half Baths: 1      Rent: $600     

Unit #4
Rooms: 4      Bedrooms: 1      Full / Half Baths: 1      Rent: $700     

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Town Description

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