Asking Price: $408,000
Building Size: 5,200 SQ FT
Lot Size: 6534
Cost per Square Foot: $78.46
Suburban City Group is pleased to exclusively offer for sale 1701 Farragut Apartments, a well maintained mixed-use asset in Historic Bristol Borough. Under the same family ownership for 32 years, this incredibly attractive opportunity offers an investor a turnkey asset in one of Bucks County's most sought after rental markets. With demand surging in Bristol Boro, the property has enjoyed 100% historical occupancy in a market that averages an incredibly low 3.3% vacancy rate and 3.5% annual rent growth. This mixed-use building features a ground floor casual restaurant/cafe, 2 over-sized second floor apartments, separately entranced garage, and shared basement storage. The restaurant/cafe space is occupied by the very popular eatery TLK, a family owned casual Mediterranean restaurant. The two and three-bedroom second floor apartments feature separate dining areas, eat-in kitchens, hardwood flooring, and spacious rooms. The building also features separately metered utilities, newer Andersen windows, newer A/C units with heat pumps, and upgraded electrical service.
Key Points: 2 Huge Apartments + 1 Commercial Space + Garage/Storage Well Maintained Asset Under Long Term Ownership, 30+ years Located in an Exceptional Investment Market Bristol Boro is One of the Highest Rent Growth Markets