Seller's Agent in 2015
Bud Silcox
Keller Williams Real Estate - Bensalem
(215) 813-6828
27 in this area
112 Total Sales
1045 Bristol Pike Bensalem, PA 19020
Estimated Value: $372,000 - $560,000
--
Bed
--
Bath
--
Sq Ft
0.27
Acres
Highlights
- Wood Flooring
- En-Suite Primary Bedroom
- Forced Air Heating and Cooling System
- No HOA
About This Home
As of October 2015Attention Investors: Don't miss this rare opportunity to purchase a 4 unit multi-family property located in Bensalem Township. This is a unique property with great numbers, low taxes, and priced to provide an excellent Cap. Rate of over 9%. And that is based on REAL numbers with ALL expenses included in the calculation. I have personally owned this property for the past 8 years and have very accurate expense records. We have invested well over $80,000 into the property over that time converting all of the units to separate utilities with heat pumps and central Air, and renovating three of the 4 apartments. Two of the apartments were renovated in the past year and were taken down to the studs and rebuilt with everything new including wiring, plumbing, etc. These two apartments have been renovated to attract high quality tenants and feature custom tile bathrooms, granite kitchens, etc. a third unit was renovated 8 years ago and the 4th remains mostly original, but in good condition. This property is also zoned Commercial for unlimited possibilities. Located very close to public transportation and shopping. Additional information available upon request. Even if financed (25% down), this property would still have a positive cash flow of over $11,000/year. Financing is available to qualified buyers. This is a home run you will want to add to your portfolio
Last Agent to Sell the Property
(215) 813-6828 bud@silcoxteam.com Keller Williams Real Estate - Bensalem License #AB068893 Listed on: 09/16/2015
Co-Listed By
(267) 404-1000 barbsilcox@gmail.com Keller Williams Real Estate - Bensalem License #AB068892
Last Buyer's Agent
(267) 242-1369 chuckbernard.cb@gmail.com Keller Williams Real Estate-Doylestown License #0342046
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,801
Year Built
- Built in 1815
Lot Details
- 0.27 Acre Lot
- Lot Dimensions are 42 x 276
- Property is in good condition
Home Design
- Quadruplex
- Stucco
Flooring
- Wood
- Wall to Wall Carpet
- Laminate
- Tile or Brick
- Vinyl
Attic
- Storage In Attic
Parking
- Driveway
- On-Street Parking
Utilities
- Forced Air Heating and Cooling System
- Back Up Electric Heat Pump System
- 200+ Amp Service
- Electric Water Heater
Additional Features
- En-Suite Primary Bedroom
- Laundry in unit
- Partial Basement
Listing and Financial Details
- Tax Lot 309
- Assessor Parcel Number 02-029-309
Community Details
Overview
- No Home Owners Association
- Andalusia Subdivision
Building Details
- Insurance Expense $1,234
- Maintenance Expense $450
- Other Expense $1,735
- Operating Expense $8,010
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 16, 2015
Closed on
Oct 20, 2015
Sold by
Sloan James J and Sloan Loretta Mary
Bought by
Uph V Llc
Seller's Agent
Bud Silcox
Keller Williams Real Estate - Bensalem
Buyer's Agent
Chuck Bernard
Keller Williams Real Estate-Doylestown
List Price
$330,000
Sold Price
$310,000
Premium/Discount to List
-$20,000
-6.06%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$141,185
Avg. Annual Appreciation
3.84%
Purchase Details
Closed on
Jan 20, 2006
Sold by
Sloan James J and Sloan Loretta Mary
Bought by
Silcox Arthur and Silcox Barbara
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jul 24, 2003
Sold by
Sloan Mildred H
Bought by
Sloan James J and Sloan Loretta Mary
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Uph V Llc | $310,000 | None Available | |
| Silcox Arthur | $240,000 | None Available | |
| Sloan James J | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Silcox Arthur | $240,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/23/2015 10/23/15 | Sold | $310,000 | -6.1% | -- |
| 09/22/2015 09/22/15 | Pending | -- | -- | -- |
| 09/16/2015 09/16/15 | For Sale | $330,000 | 0.0% | -- |
| 09/09/2015 09/09/15 | Rented | $800 | 0.0% | -- |
| 09/09/2015 09/09/15 | Under Contract | -- | -- | -- |
| 08/24/2015 08/24/15 | For Rent | $800 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,144 | $14,400 | $11,400 | $3,000 |
| 2024 | $3,144 | $14,400 | $11,400 | $3,000 |
| 2023 | $3,055 | $14,400 | $11,400 | $3,000 |
| 2022 | $3,037 | $14,400 | $11,400 | $3,000 |
| 2021 | $3,037 | $14,400 | $11,400 | $3,000 |
| 2020 | $3,006 | $14,400 | $11,400 | $3,000 |
| 2019 | $2,939 | $14,400 | $11,400 | $3,000 |
| 2018 | $2,871 | $14,400 | $11,400 | $3,000 |
| 2017 | $2,853 | $14,400 | $11,400 | $3,000 |
| 2016 | $2,853 | $14,400 | $11,400 | $3,000 |
| 2015 | -- | $14,400 | $11,400 | $3,000 |
| 2014 | -- | $14,400 | $11,400 | $3,000 |
Source: Public Records
Agents Affiliated with this Home
-
Bud Silcox
-
Barbara Silcox
Seller Co-Listing Agent in 2015
Barbara Silcox
Keller Williams Real Estate - Bensalem
(267) 404-1000
20 in this area
111 Total Sales
-
Chuck Bernard
Buyer's Agent in 2015
Chuck Bernard
Keller Williams Real Estate-Doylestown
(267) 242-1369
74 Total Sales
Map
Source: Bright MLS
MLS Number: 1002701092
APN: 02-029-309
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