2319 FOREST GROVE RD Furlong, PA 18925
Open House
Sat May 09, 3:00pm - 5:00pm
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PABU2120026
Year Built 1850
Annual Tax Amount $18,046
Tax Year 2025
Lot Size 5.716 Acres
Acres 5.72
Lot Dimensions 0.00 x 0.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
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. Current, below market rents are:
$1950 (3 beds, 1.5 baths)
$1950 (3 beds, 2 baths)
$1750 (2 beds, 1.5 baths)
$1975 (1 bed, 1.5 baths)
$2870 (3 beds, 2.5 baths)
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.
Location
State PA
County Bucks
Area Buckingham Twp (10106)
Zoning R2
Interior
Hot Water Electric
Heating Forced Air, Hot Water
Cooling Central A/C, Ceiling Fan(s), Window Unit(s), Wall Unit
Flooring Carpet, Hardwood
Heat Source Natural Gas, Propane - Owned, Oil
Exterior
Garage Spaces 12.0
Water Access N
Accessibility None
Total Parking Spaces 12
Garage N
Building
Foundation Stone
Sewer On Site Septic
Water Public
New Construction N
Schools
School District Central Bucks
Others
Tax ID 06-008-085
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS