For Sale
$1,285,000

250 State StNewtown, PA 18940

Five-unit apartment building, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional five-unit apartment building, located at 250 S State St in desirable Newtown Borough, Pennsylvania (zip code 18940), presents a compelling investment opportunity. The 3,391 square foot building, constructed in 1935 and extensively renovated in 2017, boasts 100% occupancy, generating a strong net operating income (NOI) of $76,818 and a 5.98% cap rate. Each unit is a spacious one-bedroom apartment featuring updated kitchens and bathrooms in four of the five units. All units benefit from upgraded HVAC systems, hot water heaters, and refinished hardwood floors. The 2017 renovation also included significant upgrades to the lower level, creating dedicated storage space, a laundry facility, new furnaces, electrical panels, and modern hot water systems. Common areas have been refreshed with new carpeting, tiling, lighting, and a fresh coat of paint. The property also includes a detached barn, sold "as is." This well-maintained property offers excellent curb appeal and is conveniently located near I-95, Route 1, and the Pennsylvania Turnpike. The property is zoned VC and benefits from a strong rental history, ensuring a stable cash flow for the investor. The asking price is $1,285,000.

Highlights

  • 3,991 SF multi-family building with five units.
  • Excellent access to I-95, Route 1, and the Pennsylvania Turnpike.
  • VC zoning.
  • Prime location in desirable Newtown Borough.
  • 100% occupancy, generating immediate income.
  • Proven rental history ensures stable cash flow.

Property Details for 250 State St

Property type
Apartment buildings
Square Feet
3,391 SF
Year Built/Renovated
1935/2017
Units
5

Location Insight

City
Newtown
County
Bucks
State
Pennsylvania
Latitude
40.224785700485
Longitude
-74.936590791777
250 State St, Newtown, Pennsylvania

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250 State St
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