1701 Farragut Apartments

1701 Farragut Ave Bristol, PA 19007

1701 Farragut Ave, Bristol, PA, 19007
1701 Farragut Ave, Bristol, PA, 19007
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$408,000
Last Verified:
Apr 26, 2019

Highlights

  • 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

Description

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.

Located in a dense market on a major thoroughfare through Historic Bristol Borough. The location is walking distance to downtown shopping, dining, and entertainment with immediate access to the Turnpike/Interstate 95 Interchange, connecting NJ, Philadelphia, NYC, and the surrounding areas.


Year Built: 1940
Building Size: 5200.0sq ft
Lot Size: 0.15 acres

Map of 1701 Farragut Ave, Bristol, PA, 19007

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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