79 Gough Avenue
79 Gough Avenue
$839,900
8
4
5,228
5,228
$161
Description
(UPDATES: as of DEC. 11, 2023 - The encroachment has been resolved and the Borough's suit has been settled | As of April 10, 2024 Seller has obtained all final Land Development approvals) Welcome to 79 Gough Avenue, previously the historic Ivyland Hotel. This multifamily investment property currently has 4 apartments. The first and second floor currently contain the 4 apartments. The first-floor decking has all been replaced with new footers, deck structure and Azek wrapped posts to bring some of...(UPDATES: as of DEC. 11, 2023 - The encroachment has been resolved and the Borough's suit has been settled | As of April 10, 2024 Seller has obtained all final Land Development approvals) Welcome to 79 Gough Avenue, previously the historic Ivyland Hotel. This multifamily investment property currently has 4 apartments. The first and second floor currently contain the 4 apartments. 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 of the existing 4 apartments currently captures $6,300 per month which are below market rents. All current leases are month to 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 the potential to build their portfolio. The third and fourth floor would be the other 4 units providing stunning views of the Borough. The engineered plans, architectural renderings and approved plans are included in the sale. The Land Development Plans have also been submitted to the Borough (Named the Temperance House Lofts). 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. This cash flowing property has the potential with all 8 apartments of $18,000+ per month. A Buyer could choose to keep this as a 4-unit apartment investment or take on the construction project for the additional 4. 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. ( NOTE: No ADA type B units required, no ADA accessibility in the form of a ramp or a chair lift required to the building - Seller is moving forward with recording the plans and posting the escrows for the Land Development. Seller will assign, Buyer will be responsible for the financial escrows and for final responsibility of the Developers Agreement)
Property Details for 79 Gough Avenue
Tax ID Number
17-003-057
OwnershipFee Simple
Structure TypeOther
StyleVictorian
WaterfrontNo
GarageNo
Cross StreetPennsylvania Avenue
MunicipalityIVYLAND BORO
Location
LISTING UPDATED: 04/19/2024 12:47 PM
Property Details for 79 Gough Avenue
Status | Active |
---|---|
MLS # | PABU2049806 |
Days on Market | 354 |
Taxes | $9,131 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 1872 |
Lot Size | 0.34 AC / 14,760 SF |
County | Bucks County |
Location
Building Information for 79 Gough Avenue
Stories-Residences4Year Built1872Building Size-Lot Size0.34 AC / 14,760 SF
Payment Calculator
$5,345 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 79 Gough Avenue
Property History for 79 Gough Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 79 Gough Avenue
Taxable ValueLand$7,880Additions$38,120Total$46,000
Tax Record2024$9,223 ($769 / month)
Home Facts
Baths4Total Finished SqFt5,228 SqFtAbove Grade Finished SqFt5,228 SqFtStories2Lot Size14,760 SqFtStyleMulti-Family Dwelling (2-4)Year Built1948ZoningR1CountyBUCKSAPN17-003-057
Schools near 79 Gough Avenue
This home is within Centennial School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Private - | 2 to 12 |
Rating | School | Distance |
---|---|---|
Mcdonald El School PublicK to 5 | ||
Log College Middle School Public6 to 8 | ||
William Tennent High School Public9 to 12 | ||
ATG Learning Academy Private2 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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