Description
Welcome to 79 Gough Avenue, previously the historic Ivyland Hotel. This multifamily investment property currently has 4 apartments. 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. The first and second floor currently contain the 4 apartments. The third and fourth floor would be the other 4 units providing stunning views of the Borough. The engineered plans, architectural renderings and approvals are included in the sale. 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 has the potential with all 8 apartments of $14,000+ per month. OR, currently keep the existing 4 apartments to capture $6,500-$6,800 per 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 a potential to build their portfolio. 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.
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0BEDS
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0.34ACRES
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0BATHS
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01/2 BATHS
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5,228SQFT
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$186$/SQFT
School Information
Description
Welcome to 79 Gough Avenue, previously the historic Ivyland Hotel. This multifamily investment property currently has 4 apartments. 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. The first and second floor currently contain the 4 apartments. The third and fourth floor would be the other 4 units providing stunning views of the Borough. The engineered plans, architectural renderings and approvals are included in the sale. 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 has the potential with all 8 apartments of $14,000+ per month. OR, currently keep the existing 4 apartments to capture $6,500-$6,800 per 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 a potential to build their portfolio. 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.
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