491 Prospect Rd
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491 Prospect Rd
2 Unit Apartment Building $1,200,000 ($600,000/Unit) Warminster, PA 18974
Executive Summary
***SALE INCLUDES TWO DUPLEXES*** 491 Prospect Road AND 506/508 3rd Ave - Must be sold together as they are on one parcel. Incredible investment opportunity that you won't want to miss out on!! 491 A and B beautifully renovated, both units tenant occupied. 506/508 3rd Ave both units tenant occupied. These duplexes feature large basements and yard space, as well as paved driveways with street parking available. ONLY 506/508 is on oil heat. Surrounding duplexes are also available - Check out 514 -524 Prospect Road (2 duplexes that must be sold together as they are on parcel) and the duplex at 499 Prospect Road! Must contact listing agent directly to schedule showings with at least 24 hour notice. Owner is a PA licensed real estate agent.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$92,400
|
$21.15
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$92,400
|
$21.15
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$16,785
|
$3.84
|
| Net Operating Income |
$75,615
|
$17.31
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $92,400 |
| Annual Per SF | $21.15 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $92,400 |
| Annual Per SF | $21.15 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $16,785 |
| Annual Per SF | $3.84 |
| Net Operating Income | |
|---|---|
| Annual | $75,615 |
| Annual Per SF | $17.31 |
Property Facts
| Price | $1,200,000 | Building Class | C |
| Price Per Unit | $600,000 | Lot Size | 0.32 AC |
| Sale Type | Investment | Building Size | 4,368 SF |
| No. Units | 2 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1959/2024 |
| Apartment Style | Low Rise |
| Price | $1,200,000 |
| Price Per Unit | $600,000 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 4,368 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1959/2024 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
1 of 1
zoning
| Zoning Code | Duplex |
| Duplex |
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Walter Studley Real Estate Sales
491 Prospect Rd
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