23 Lenape Drive

Sellersville, PA 18960

$550,000
Last Sold Price
Beds
4,349 Sq. Ft.
$126 / Sq. Ft.
4,349
Sq. Ft.
$126
per Sq. Ft.

Description

This 6 unit multifamily property consists of 2 buildings on 1.8 acres bordering the Perkiomen Creek in Sellersville. All units are currently rented, generating $69,504 of rental income annually (NOI $47,968). Unit counts include one 3BR, three 2BR, and two 1BR units (3 units in each building). The farmhouse has oil heat (S/W hook-up) and is included in tenant rent; the 2nd building has electric baseboard heat. All units are separately metered for electric. The property is serviced by public water...This 6 unit multifamily property consists of 2 buildings on 1.8 acres bordering the Perkiomen Creek in Sellersville. All units are currently rented, generating $69,504 of rental income annually (NOI $47,968). Unit counts include one 3BR, three 2BR, and two 1BR units (3 units in each building). The farmhouse has oil heat (S/W hook-up) and is included in tenant rent; the 2nd building has electric baseboard heat. All units are separately metered for electric. The property is serviced by public water and sewer. Ample parking is available for all tenants (approx. 15 spots). There are two out buildings, one small garage and a 40' trailer for additional storage. Landlord currently maintains the grounds and pays INS, RET's, trash, water/sewer, oil for farmhouse and other miscellaneous expenses (approx. $18,061 annually). Additional information is available upon request.

Property Details for 23 Lenape Drive

Tax ID Number
52-010-184-001
Ownership
Fee Simple
HOA
No
Structure Type
Detached
Style
Other
Waterfront
No
Garage
No
Cross Street
Clymer Ave
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LISTING UPDATED: 08/23/2022 04:02 AM

Property Details for 23 Lenape Drive

StatusClosed
MLS #PABU516658
Days on Market79
Taxes$6,181 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1850
Lot Size1.80 AC / 78,277 SF
CountyBucks County
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Building Information for 23 Lenape Drive

Stories-Residences2Year Built1850Building Size-Lot Size1.80 AC / 78,277 SF

Payment Calculator

$3,517 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,002

Property Taxes

$515

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 23 Lenape Drive

Location
Location
  • School District Name: PENNRIDGE
  • School District County ID: 300200397141
  • SchoolDistrictSource: Listing Agent
  • High School: PENNRDIGE (BUCKS PA)
  • HighSchoolSource: Listing Agent
  • County: BUCKS
  • MLS Area: West Rockhill Twp (10152)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2021
  • Tax Assessed Value: $36,800
  • Year Assessed: 2021
  • County Tax: $937
  • Improvement Assessed Value: $32,360
  • City Town Tax: $267
  • Land Assessed Value: $4,440
  • Clean Green Assessed: No
  • Municipal Trash: No
  • Land Use Code: 1018
  • Agricultural Tax Due: No
  • Zoning: SR
  • Tax Lot: 184-001
  • School Tax: $4,977
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Lease Information
Lease Information
  • Owner Pays: Taxes - Real Estate, Trash Collection, Water, Sewer, Snow Removal, Repairs, Lawn/Shrub Care, Common Area Maintenance, Insurance
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 2
  • Two Bedroom Units Count: 3
  • Three Bedroom Units Count: 1
  • Units Furnished: None
  • Units Leased Count: 6
  • Number Of Units Vacant: 0
  • Vacancy Allowance Rate: 5.00%
  • Number Of Units Month To Month: 4
  • Rent Control: No
Financial Information
Expenses
  • Operating Expense Includes: Insurance, Snow Removal, Trash
  • Insurance Expense: $2,944
  • Trash Expense: $1,560
Financial Information
  • Gross Income: $66,029
  • Gross Scheduled Income: $66,029
  • Net Operating Income: $47,968
  • Annual Rental Income: $69,504
  • Income Includes: Apartment Rentals
  • Cap Rate: 8.00
  • Existing Lease Type: Yearly, Month to Month
Building Info
Building Info
  • Building Units Total: 2
  • Total Finished SQFT: 4,349.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 0.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Lot Features: Backs to Trees, Level, Stream/Creek
  • Parcel ID: 216782
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: Off Street, Parking Lot
  • Parking Features: Asphalt Driveway
Interior Features
Interior Features
  • Fireplaces Count: 0
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Spa: No
  • Exterior Features: Secure Storage
  • Outdoor Living Structures: Patio(s)
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Radiator, Baseboard - Electric
  • Heating Fuel: Oil, Electric
  • Hot Water: Electric, Oil
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Bucks County Association of REALTORS

Property History for 23 Lenape Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 23 Lenape Drive

Taxable ValueLand$4,440Additions$32,360Total$36,800
Tax Record2024$6,254 ($521 / month)
Home Facts
Beds3Baths6.5Total Finished SqFt2,335 SqFtAbove Grade Finished SqFt2,335 SqFtStories1Lot Size78,321 SqFtStyleMiscellaneous ResidentialYear Built1948ZoningSRCountyBUCKSAPN52-010-184-001

Schools near 23 Lenape Drive

This home is within Pennridge School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Sellersville El School
PublicK to 5

Pennridge South Middle School
Public6 to 8

Pennridge High School
Public9 to 12

West Rockhill El School
PublicK to 5

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.