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Open House Times
- Sat. May. 09 at 3:00pm to 5:00pm
About the Listing INORE1 - 3392026
A rare opportunity to acquire a fully leased, character-rich Bucks County asset with immediate income and clear upside—ideal for both seasoned investors and lifestyle buyers seeking a hybrid investment. This fully rented 5-unit farmhouse conversion is situated on nearly 6 acres in desirable Buckingham Township, offering immediate cash flow with strong upside potential. The property includes four units within the main farmhouse and a detached, carriage house (Unit 5), creating a diversified and stable income stream. All units are generously sized and reflect sought-after Bucks County character. Unit 4 (former horse stable) and Unit 5 (carriage house) have been fully renovated, while three remaining units present value-add opportunities through future updates and rent optimization. Current rents are below market, with nearby comps supporting increased income opportunities. At the current asking price of $1,595,000, the property delivers an approximate 6.5% in-place cap rate, offering investors a strong in-place return with compelling potential to elevate both income and long-term value. Tenants pay all utilities except water, helping maintain low operating expenses. Additional income is generated through garage rentals, and a full basement provides valuable storage. The property also benefits from a newer septic system and ample on-site parking. Located just minutes from Doylestown, New Hope, and major commuter routes, this is a rare opportunity to acquire a stabilized asset with both immediate income and long-term appreciation potential. 12 parking spots not including garages. Showings available late afternoons by appointment only with listing agent with 24-hour notice. Serious inquiries only.
Listing Highlights
Status
Active
Days on Site
5
Property Type
Commercial Sale
MLS ®
PABU2120026
Year Built
1850
Total Square Footage
6,376
Lot/Acreage
5.72
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central A/C,Ceiling Fan(s),Window Unit(s),Wall Unit
- Heating: Forced Air,Hot Water
- Fireplaces:
- Floor: Carpet,Hardwood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 12
- Lot Dimensions: 0.00 x 0.00
- Zoning: R2
- Roof:
- Others:
- Sewer: On Site Septic
- Parking Features: Parking Lot,Private Garage,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $18,046
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
2319 Forest Grove Rd Furlong, PA 18925
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