79 Gough Avenue

Ivyland, PA 18974

$839,900
Price
8
Beds
4
Baths
5,228 Sq. Ft.
$161 / Sq. Ft.
5,228
Sq. Ft.
$161
per Sq. Ft.

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)
  1. Listed by Melissa Healy • Keller Williams Real Estate-Doylestown
    P: 2672180000 melissa@healyconnection.com
  2. Listed by Vincent F Vesci • Keller Williams Real Estate-Doylestown
    P: 2155200150 vincevesci@kw.com

Property Details for 79 Gough Avenue

Tax ID Number
17-003-057
Ownership
Fee Simple
Structure Type
Other
Style
Victorian
Waterfront
No
Garage
No
Cross Street
Pennsylvania Avenue
Municipality
IVYLAND BORO

Location

Listing Courtesy of Keller Williams Real Estate-Doylestown
Add your commute
LISTING UPDATED: 04/11/2024 08:40 AM

Property Details for 79 Gough Avenue

StatusActive
MLS #PABU2049806
Days on Market309
Taxes$9,131 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1872
Lot Size0.34 AC / 14,760 SF
CountyBucks County

Location

Listing Courtesy of Keller Williams Real Estate-Doylestown
Add your commute

Building Information for 79 Gough Avenue

Stories-Residences4Year Built1872Building Size-Lot Size0.34 AC / 14,760 SF

Payment Calculator

$5,345 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,584

Property Taxes

$761

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 79 Gough Avenue

Location
Location
  • Transportation: Commuter Rail Station 1 to 5 miles
  • School District Name: CENTENNIAL
  • School District County ID: 300200397326
  • SchoolDistrictSource: 3rd Party
  • Elementary School: MCDONALD (BUCKS PA)
  • ElementarySchoolSource: 3rd Party
  • Middle Or Junior School: LOG COLLEGE (BUCKS PA)
  • MiddleSchoolSource: 3rd Party
  • High School: WILLIAM TENNENT (BUCKS PA)
  • HighSchoolSource: 3rd Party
  • County: BUCKS
  • MLS Area: Ivyland Boro (10117)
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
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $46,000
  • Year Assessed: 2023
  • County Tax: $1,170
  • Improvement Assessed Value: $38,120
  • City Town Tax: $621
  • Land Assessed Value: $7,880
  • Clean Green Assessed: No
  • Land Use Code: 1011
  • Historic: Yes
  • Zoning: R1
  • Tax Lot: 057
  • School Tax: $7,339
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 1
  • Two Bedroom Units Count: 2
  • Three Bedroom Units Count: 1
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Units Furnished: None
Multi Family
Unit 1
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Beds Total: 2
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
  • Unit Type Features: MO TO MO
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Beds Total: 1
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
  • Unit Type Features: MO TO MO
Unit 3
  • Type: Unit 4
  • Unit Type Occupied YN: Yes
  • Beds Total: 2
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
  • Unit Type Features: MO TO MO
Unit 4
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Beds Total: 3
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
  • Unit Type Features: MO TO MO
Building Info
Building Info
  • Building Level Count: 4
  • Building Units Total: 4
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: x 123.00
  • Lot Dimensions Source: Assessor
  • Location Type: Corner Lot/Unit
  • Parcel ID: 80979
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Interior Features: Carpet, Crown Moldings
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Exterior Features: Sidewalks, Street Lights
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: Electric
  • Heating Type: Hot Water, Radiator
  • Heating Fuel: Oil
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: 200+ Amp Service
Confidential Data
Listing Office
  • List Agent AOR: Bucks County Association of REALTORS
  • List Agent URL: www.HealyConnection.com

Property History for 79 Gough Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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 Record2023$8,924 ($744 / 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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79 Gough Avenue is a multi-family home for sale in Ivyland, PA 18974. This property was listed for sale on May 25, 2023 by Keller Williams Real Estate-Doylestown, it's currently listed at $839,900. It has been on the market for a total of 309 days and was last sold on April 29, 2022. This listing's school district is Centennial School District. Nearby schools include Mcdonald El School, Log College Middle School and William Tennent High School. 79 Gough Avenue is a 8-bed, 4-bath, 5,228 sqft multi-family home built in 1872.

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.

Listing Courtesy of Keller Williams Real Estate-Doylestown

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.