Great investment opportunity in the award-winning Pennsbury School District! Fully occupied and income-producing quadruplex featuring 4 residential units plus a 2-car garage with separate entrances and strong rental history. Property consists of (1) 3-bedroom unit with central air and washer/dryer, and (3) 1-bedroom units. Several updates throughout the property including new flooring and fresh paint in the top unit. Current gross annual income: approximately $69,600/year Estimated annual taxes: $3,361 Insurance: approximately $1,800/year Water & sewer: approximately $1,400/year Estimated NOI (Net Operating Income): approximately $63,039/year Estimated cap rate at asking price: approximately 8.64% Tenants pay gas heat, electric, and cable. Landlord currently pays water, sewer, taxes and insurance. Conveniently located near shopping, dining, major highways, and public transportation, making this a rare investment opportunity in Lower Bucks County. Showings will take place Sunday, 05/31 from 12:00 PM – 3:00 PM only. Please do not disturb the tenants.Pre-approval or proof of funds required prior to scheduling.
Tullytown is located in Pennsylvania. Tullytown, Pennsylvania has a population of 2,311. Tullytown is less family-centric than the surrounding county with 30.82% of the households containing married families with children. The county average for households married with children is 32.42%.
The median household income in Tullytown, Pennsylvania is $62,077. The median household income for the surrounding county is $99,302 compared to the national median of $69,021. The median age of people living in Tullytown is 38.7 years.
The average high temperature in July is 85.6 degrees, with an average low temperature in January of 23 degrees. The average rainfall is approximately 47.6 inches per year, with 14.6 inches of snow per year.
