Last Updated: 3/27/2017 8:31 AM
Description for 224 E Broad Street Quakertown, PA 18951
Fully renovated 5 Unit Investment property with 3 additional garages to rent per month make this an 8 rental unit property. The potential income on this is $5525 per month. Experienced contractor is currently working on this turn key, maintenance free rental property for the new owner. He started with PEX/PVC plumbing and 200 amp electric service separate for each unit. Then he replaced the entire roof, soffits, facia, flashing, siding, porches, windows and doors. Next he installed ductwork for electric heat pumps with central air for each unit. The property meets all inspections and has all permits for the work performed. The week of 10/18: Tile floors are being grouted, sinks, toilets and vanities installation, Trim being installed, doors going on, HVAC installation, hot water heater installation. Still scheduled to be completed are porch railings and off street parking for the tenants in the area between the house and garages. There is nothing not to be impressed by with this 100% renovated property! There is no easier way to attract the best tenants then to have a brand new, fully remodeled unit with the possibility to rent a garage on site as well. Each unit is spacious with great layouts and with high ceilings. Loads of natural light with tons of windows. The best part is he installed an electric panel in each unit with service for their own heater, central air and water heater for the tenant to pay their utilities not the landlord.
Electric Water Heater, Public Water Service
Tile, Laminate, Carpet
Electric Heating, Forced Air
Full, Unfinished Basement
Exterior / Lot Features
3 Garage Spaces, Street Parking, Lot
Sidewalks, Street Lights
Current market conditions for 224 E Broad Street
Active Market Trends
Median list price$274,900
Days on market133
Properties for sale133
Sold Market Trends
Median sold price$207,500
Sales to list price9,773.0%
Median sq ft price$125
Arrows indicate 90 day trend
Listing Price History for 224 E Broad Street
Quakertown Real Estate
Quakertown is located in Pennsylvania. Quakertown, Pennsylvania 18951 has a population of 8,855.
The median household income in Quakertown, Pennsylvania 18951 is $52,615. The median household income for the surrounding county is $76,824 compared to the national median of $53,482. The median age of people living in Quakertown 18951 is 37.9 years.
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