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60 New Street, New Hope, PA 18938
$1,600,000
60 New Street, New Hope, PA 18938View this property at 60 New Street, New Hope, PA 18938
60 New StreetNew HopePA18938
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Property Description
Incredible opportunity to own a fully leased, 4 unit multi-family building in the heart of New Hope, PA! This offering is also inclusive of an income producing parking lot which services up to 47 vehicles (currently being rented by The Bucks County Playhouse). All four units are 1 bed/1bath with beautiful canal views. Rents are currently under market value and there is also an opportunity to create one additional apartment in the building (pending township approvals). Really good New Hope multi-family properties are few and far between, especially in such a desirable location. There is also a healthy amount of upside as 60 New St has the potential to generate an even stronger return on your investment. Showings will be limited to specific dates and times.
Full Property Details
Full Property Details for 60 New St
General
- Sold For: $1,600,000
- Taxes: $10,062 (2023)
- Status: Closed
- Type: Multi-Family
- MLS ID: PABU2065758
- Added to Site: 65 day(s) ago
Parking
- Total Spaces: 47
- Parking Features: Paved Driveway, Private
- Parking Type: Parking Lot
Location
- Area: New Hope Boro (10127)
- Municipality: NEW HOPE BORO
- County: Bucks
- Development Name: New Hope
- Subdivision: New Hope
- Cross Streets: W. Mechanic
- Driving Directions: Directly off of New St
- Location Details: Canal
School Information
- School District: New Hope-Solebury
- Middle School: New Hope-Solebury
- High School: New Hope-Solebury
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Natural Gas
- Heating Type: Forced Air
- Heating Fuel: Natural Gas, Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Well
Structural Information
- Architectural Info: Other
- Architectural Style: Other
- Structure Type: Detached
- Construction: Stucco, Stone
- Foundation: Concrete Perimeter
- Stories/Levels: 0
- Square Feet: 2,884
- Sq. Ft. Source: Estimated
- Living Area: 2,884 Sq. Ft.
- Finished Above Grnd: 2,884 Sq. Ft.
- Year Built: 1900
- Year Built Source: Estimated
- Property Condition: Good
Unit Information
- 1 Bedroom Units: 4
Lot Features
- Property View: Canal, Scenic Vista
- Lot Size (Acres): 0.38
- Lot Size (Sq. Ft.): 16,704
- Lot Size Source: Estimated
- Lot Features: Private, Premium
- Zoning: RB
- Lot Description: Private, Premium
Water Features
- Water View: Yes
Financial Considerations
- Price Per Sq. Ft.: $624.13
- Operating Expenses: $14,741
- Tax w/Assessment: $66,800
- Tax Amount: $10,062
- Tax Year: 2023
- Terms: Standard Sale
- Owner Pays: Taxes - Real Estate, Trash Collection, Water, Sewer, Lawn/Shrub Care, Snow Removal, Insurance
- Landlord Pays: Taxes - Real Estate, Trash Collection, Water, Sewer, Lawn/Shrub Care, Snow Removal, Insurance
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
Listed by Addison Wolfe Real Estate, Revi M Haviv
Sold by Tesla Realty Group, LLC, Mary Yang
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Schools
Schools serving 60 New St
School District:New Hope-Solebury School District
Rating | Name | Grades | Distance |
---|---|---|---|
186 W Bridge St, New Hope, PA 18938 | 3-5 | 0.7 mi | |
New Hope-Solebury Lower Elementary School
3020 N Sugan Rd, Solebury, PA 18963 | K-2 | 3.4 mi | |
184 W Bridge St, New Hope, PA 18938 | 6-8 | 0.6 mi | |
182 W Bridge St, New Hope, PA 18938 | 9-12 | 0.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 60 New St
Date
Details
Price
Change
Source
4/15/2024
Sold
$1,600,000
-11.11%
MLS
2/28/2024
Listed
$1,800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
60 New Street, New Hope, PA 18938 (MLS# PABU2065758) is a Multi-Family property that was sold at $1,600,000 on April 15, 2024. Want to learn more about 60 New Street? Do you have questions about finding other Multi-Family real estate for sale in New Hope? You can browse all New Hope real estate or contact a Coldwell Banker agent to request more information.