$1,350,000
Off Market
Sq.Ft | 0 Bed | 0 Bath

1140 sumneytown pike lansdale pa 19446

Off Market
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Overview

Incredible investment opportunity! Up to 12 potential rental units on one parcel with a Peddler~s Village look and feel! This property offers a gorgeous and history-rich 5 bedroom home built in 1714 and which has been operating as the Morgan Hughes Homestead Bed & Breakfast. The B&B use is strictly optional for the eventual purchaser as it could also be a primary residence or long-term rental. There is a converted 2-story barn with 4 units that can toggle between commercial office space and residential apartments. The first floor has a commercial space with 5 rooms and a 2-bedroom apartment with living room, kitchenette and dining area. An insurance company utilized the entire first floor (all 10 rooms) as commercial office space since 1982 but recently moved when they merged with another/larger company. The second floor has two rental units, one is a 1 bedroom (could be 2 bedrooms) with a fireplace currently occupied by a residential tenant and the other is a 2-bedroom unit being used by a family therapist. The barn has a 3rd floor unfinished area with soaring ceilings that could be made into a high-end finished loft making it an exceptional professional office or apartment. Another building referred to as the cottage has space also currently utilized by the same family therapist and a separate 1-bedroom apartment which is currently occupied by a residential tenant. There is an inground pool on the property with an adjacent pool house. The pool house has 3 potential units, a 2 bedroom apartment which is currently occupied by a residential tenant, a vacant 1 bedroom apartment and a great room/conference/entertainment area with full kitchen, pool table, bath, and sliders to pool area that has been rented out in the past for corporate meetings and private events. Lastly, there is a 3-car garage with attached workshop on the property. The grounds and landscaping are beautiful! Plenty of parking for all the uses. 8 storage/maintenance sheds, stone gazebo, split rail fencing around pool house, and gated entrance from Bridle Path Dr. This is a rare opportunity with tremendous income potential.Furnishings negotiable ~ only exclusions are in the main house: dining room furniture, dining room chandelier, breakfast room chandelier, bed in 1714 Room, Persian rugs in LR and DR

Quick Facts

County
MONTGOMERY
Type
Multi-Family
Parking
-
Year Built
1714
Lot
135907Sqft
Heating
None
Cooling
None
Price/Sq.ft
Basement
Full

Taxes and Assessment

Tax Annual Amount:
$17,106
Tax Year:
2020
Country Tax:
1,753
Tax Assessment Amount:
$506,790
Assessment Year:
2020
Zoning:
R175
Land Use Code:
4100
Section:
-

Listing Provided By

Agent Name:
Scott E Loper
Phone:
2156311900
Office:
Keller Williams Real Estate-Montgomeryville
Source:
BRIGHT
Days On Market:
131
Sold Date:
2020-05-15
Came On Market:
2019-08-15

MLS Disclaimer: Copyright Bright MLS. All rights reserved. Information is deemed reliable but not guaranteed.

Last Property Change: 2020-04-30 08:00:00 AM
Last Property Check: 2021-07-26 06:00:00 PM
© 2020 BRIGHT. All rights reserved.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Federated Realty participates, and is provided by BRIGHT through a licensing agreement. Real estate listings held by brokerage firms other than Federated Realty are marked with the IDX icon, and detailed information about each listing includes the name of the listing broker. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. Home sale information is not to be construed as an appraisal and may not be used as such for any purpose. BRIGHT MLS is a provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Information Deemed Reliable But Not Guaranteed.

Historical Listing

  • Sold Date: 2021-06-03

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