79 Gough Avenue
Ivyland, PA 18974
- – beds
- – baths
- 5,228 sqft
- 14,760 sqft lot
- $152 per sqft
- 1872 build
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(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)
Listing courtesy of BRIGHT / Keller Williams Real Estate-Doylestown
Last checked:
Checking…
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Last updated Oct 17, 2024
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MLS# PABU2049806 —
The Building
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Year Built:1872
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Year Built Source:Estimated
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New Construction:No
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Construction Materials:Stone
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Structure Type:Other
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Architectural Style:Victorian
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Historic:Yes
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Building Levels:4
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Building Units Total:4
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Roof:Flat
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Accessibility Features:None
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Foundation Details:Stone
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Basement:Yes
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Basement Type:Full, Unfinished, Outside Entrance
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Total SqFt Source:Assessor
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Total Below Grade SqFt Source:Assessor
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Tax Total Finished SqFt:5228
Interior
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Interior Features:Carpet, Crown Moldings
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Flooring Type:Wood, Tile/Brick
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Fireplace:No
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Wall & Ceilings:9'+ Ceilings
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Living Area SqFt Source:Assessor
Room Dimensions
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Total SqFt:5228
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Living Area SqFt:5,228 Sqft
Financial & Terms
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Sale Type:Standard
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Buyer Financing:Conventional
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Possession:Negotiable
Location
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Directions:Corner of Gough Avenue & Pennsylvania Avenue, Ivyland PA 18974
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Cross Street:Pennsylvania Avenue
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Latitude:40.20861435
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Longitude:-75.07310486
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Location Type:Corner Lot/Unit
The Property
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Property Type:Multi-Family
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Property Subtype:Other
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Lot Size Units:Square Feet
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Lot Size Acres:0.34
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Lot Size Source:Assessor
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Lot Size Dimensions:x 123.00
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Lot Dimensions Source:Assessor
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Lot SqFt:14,760 Sqft
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Zoning:R1
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Other Structures:Above Grade, Below Grade
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Water View:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:1011
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (267) 218-0000
- Office phone:
- (215) 340-5700
Taxes
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Tax ID Number:17-003-057
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Tax Year:2023
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Tax Lot:057
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Tax Annual Amount:$9,131
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Tax Assessed Value:$46,000
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Year Assessed:2023
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School Tax:7339.0
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County Tax:1170.00
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City/Town Tax:621.00
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Total Taxes Payment Frequency:Annually
The Listing
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Close Sale Type:Standard Sale
Heating & Cooling
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Cooling Type:None
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Central Air:No
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Hot Water, Radiator
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Heating Fuel:Oil
Utilities
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Sewer/Septic:Public Sewer
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Electric Service:200+ Amp Service
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Hot Water:Electric
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Water Source:Public
Schools
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Elementary School:Mcdonald
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Middle School:Log College
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High School:WILLIAM TENNENT
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School District Name:Centennial
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School District Source:3rd Party
The Community
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Exterior Features:Sidewalks, Street Lights
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Pool:No Pool
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Transportation:Commuter Rail Station 1 to 5 miles
Parking
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Garage:No
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Type of Parking:On Street
Extra Units
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Other Units:Unit 1,Unit 2,Unit 4,Unit 3
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Vacation Rental:No
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Units Furnished:None
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One Bedroom Units:1
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Two Bedroom Units:2
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Three Bedroom Units:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
9/12/24
Sep 12, 2024
|
Sold | BRIGHT | $795,000 | -5.3% |
7/16/24
Jul 16, 2024
|
Pending | BRIGHT | $839,900 | |
6/3/24
Jun 3, 2024
|
Sold Subject To Contingencies | BRIGHT | $839,900 |