Great opportunity to purchase a 4 unit investment property in the heart of Perkasie! This property consists of two buildings. The main structure is a very charming Victorian with a large wrap-around porch and 3 apartments. The detached outbuilding contains a 4th apartment and 3 garage bays. Tenants pay heat and electric. All apartments are occupied. There are two 1BR apartments and two 2BR apartments. Heat for two of the units is natural gas. Heat for a third apt is oil. The 4th apartment above the detached garage has electric baseboard heat. Each unit has its own electric hot water heater. Two car garage rents for $185/month. The main house is approximately 2800 SF and the outbuilding with 4th apt is approximately 400 SF. Off street driveway parking. Convenient laundry room in main building. Rents are on the low side for long term tenants. Income/Expense statement available upon request. Property is professionally managed and has been well maintained through the years. Don't miss out on this one! 2020-12-02
Off market
$527,000
618 Arch St, Perkasie, PA 18944
--beds
0baths
2,800sqft
MultiFamily
Built in 1900
-- sqft lot
$527,000 Zestimate®
$188/sqft
$1,834 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Baseboard, Electric
Interior area
- Total interior livable area: 2,800 sqft
Property
Parking
- Total spaces: 3
- Parking features: Garage - Detached
Lot
- Size: 10,018 sqft
Details
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional, Colonial, Victorian
Condition
- Year built: 1900
Community & neighborhood
Location
- Region: Perkasie
- Municipality: PERKASIE BORO
HOA & financial
Other financial information
- Total actual rent: 38880
Other
Other facts
- GarageYN: true
- HeatingYN: true
- CoolingYN: true
- StructureType: Detached
- NumberOfUnitsTotal: 4
- ConstructionMaterials: Frame
- ArchitecturalStyle: Traditional, Colonial, Victorian
- Cooling: Window Unit(s)
- SpecialListingConditions: Standard
- ParkingFeatures: Driveway, Other, Detached Garage, Asphalt
- CoveredSpaces: 3
- Heating: Baseboard - Electric, Baseboard - Hot Water
- TotalActualRent: 38880.00
- MlsStatus: Pending
- Municipality: PERKASIE BORO
- TaxAnnualAmount: 5663.0
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$527,000
2% more+$10,540
With Zillow Showcase(estimated)$537,540