79 Gough Ave, Ivyland, Pennsylvania, United States | Homes For Sale at GLOBAL LISTINGS

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Home For Sale

$975,000

79 Gough Ave
Ivyland, Pennsylvania, United States

8bd 4ba

Listed By: Realtyww Info

Listed On: 05/28/2023

Listing ID: GL10353069 View More Details

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 and 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 $16, 000+ per month. This unique property has custom trim accents and detail that brings back that old world charm and 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 and 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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Listed by: Keller Williams Real Estate