60 New Street

New Hope, PA 18938

$1,600,000
Last Sold Price
Beds
2,884 Sq. Ft.
$555 / Sq. Ft.
2,884
Sq. Ft.
$555
per Sq. Ft.

Description

Incredible opportunity to own a fully leased, 4 unit multi-family building in the heart of New Hope, PA! This offering is also inclusive of an income producing parking lot which services up to 47 vehicles (currently being rented by The Bucks County Playhouse). All four units are 1 bed/1bath with beautiful canal views. Rents are currently under market value and there is also an opportunity to create one additional apartment in the building (pending township approvals). Really good New Hope multi-family...Incredible opportunity to own a fully leased, 4 unit multi-family building in the heart of New Hope, PA! This offering is also inclusive of an income producing parking lot which services up to 47 vehicles (currently being rented by The Bucks County Playhouse). All four units are 1 bed/1bath with beautiful canal views. Rents are currently under market value and there is also an opportunity to create one additional apartment in the building (pending township approvals). Really good New Hope multi-family properties are few and far between, especially in such a desirable location. There is also a healthy amount of upside as 60 New St has the potential to generate an even stronger return on your investment. Showings will be limited to specific dates and times.
  1. Listed by Revi M Haviv • Addison Wolfe Real Estate
    P: 8454921315 revimichele@gmail.com

Property Details for 60 New Street

Tax ID Number
27-010-107
Ownership
Fee Simple
Structure Type
Detached
Style
Other
Waterfront
No
Views
Canal, Scenic Vista
Garage
No
Subdivision
NEW HOPE

Location

Listing Courtesy of Addison Wolfe Real Estate

Sold By Tesla Realty Group, LLC

Add your commute
LISTING UPDATED: 04/15/2024 01:15 PM

Property Details for 60 New Street

StatusClosed
MLS #PABU2065758
Days on Market15
Taxes$10,062 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1900
Lot Size0.38 AC / 16,704 SF
CountyBucks County

Location

Listing Courtesy of Addison Wolfe Real Estate

Sold By Tesla Realty Group, LLC

Add your commute

Building Information for 60 New Street

Stories-Residences4Year Built1900Building Size-Lot Size0.38 AC / 16,704 SF

Payment Calculator

$9,570 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,732

Property Taxes

$839

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 60 New Street

Location
Location
  • School District Name: NEW HOPE-SOLEBURY
  • School District County ID: 300200397328
  • SchoolDistrictSource: Listing Agent
  • Middle Or Junior School: NEW HOPE-SOLEBURY (BUCKS PA)
  • MiddleSchoolSource: Listing Agent
  • High School: NEW HOPE-SOLEBURY (BUCKS PA)
  • County: BUCKS
  • MLS Area: New Hope Boro (10127)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: Yes
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $66,800
  • Zoning: RB
  • Automatically Update Tax Values Y/N: No
Lease Information
Lease Information
  • Owner Pays: Taxes - Real Estate, Trash Collection, Water, Sewer, Lawn/Shrub Care, Snow Removal, Insurance
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 4
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
Financial Information
Expenses
  • Operating Expense: $14,741
  • Operating Expense Includes: Snow Removal, Trash, Insurance
Financial Information
  • Net Operating Income: $99,535
  • Income Includes: Apartment Rentals, Parking
  • Cap Rate: 5.50
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 2,884.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Features: Private, Premium
  • Location Type: Canal
  • Parcel ID: 129519
Parking
Parking
  • Type Of Parking: Parking Lot
  • Parking Lot - # of Spaces: 47
  • Parking Features: Paved Driveway, Private
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas, Electric
  • Hot Water: Electric
  • Water Source: Well
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Bucks County Association of REALTORS
  • List Agent URL: www.revihaviv.com

Property History for 60 New Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 60 New Street

Taxable ValueLand$22,480Additions$44,320Total$66,800
Tax Record2024$10,196 ($850 / month)
Home Facts
Beds5Baths3Total Finished SqFt2,884 SqFtAbove Grade Finished SqFt2,884 SqFtStories2Lot Size16,553 SqFtStyleSingle Family ResidenceYear Built1900ZoningRBCountyBUCKSAPN27-010-107

Schools near 60 New Street

This home is within New Hope-Solebury School District.
Rating
School
Type
Grades
Distance
Public - K to 2
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
New Hope-Solebury Lower El School
PublicK to 2

New Hope-Solebury Upper El School
Public3 to 5

New Hope-Solebury Middle School
Public6 to 8

New Hope-Solebury High School
Public9 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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Listing Courtesy of Addison Wolfe Real Estate

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.