325 OLIVE AVE Horsham, PA 19044
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Pending
Purchase Type For Sale
Square Footage 1,920 sqft
Price per Sqft $276
MLS Listing ID PAMC2175088
Style Unit/Flat
Abv Grd Liv Area 1,920
Year Built 1973
Annual Tax Amount $5,616
Tax Year 2025
Lot Size 8,000 Sqft
Acres 0.18
Lot Dimensions 80.00 x 0.00
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
Property Description
**Turn-Key Investment Opportunity in Horsham!**
Discover this meticulously maintained, fully occupied duplex in the heart of Horsham—a perfect addition to your portfolio or an ideal "house-hacking" opportunity. This property offers strong cash flow, low owner overhead, and recent capital improvements that ensure peace of mind for years to come.
**Financial Highlights**
* **Gross Annual Income:** $42,600
* **Low Operating Expenses:** $6,900 (Taxes & Insurance)
* **Tenant Paid Utilities:** Tenants handle electricity, trash, snow removal, and lawn care.
* **Strong Yield:** Rare separate utility setup minimizes landlord responsibility.
**Property Features**
Both units feature a spacious **2-bedroom, 1-bathroom** layout with thoughtful updates:
* **Unit 1 (First Floor):** Recently refreshed with **New Coretec flooring** in the living room and **new plush carpet** in the bedrooms. The kitchen and bath feature durable ceramic tile. Leased through 02/28/2027 at **$1,800/mo**.
* **Unit 2 (Second Floor):** Well-maintained with carpeted living areas and ceramic tile in the kitchen and bath. Currently on a **month-to-month lease at $1,750/mo**, offering flexibility for owner-occupants or market-rate adjustments.
* **Mechanicals & Exterior:** Major big-ticket items are already done! Enjoy a **brand-new roof**, low-maintenance **vinyl siding**, and **replacement windows** throughout.
* **Storage:** Each unit includes **separate basement storage** areas, a highly coveted amenity for tenants.
**The Location**
Situated in a prime Horsham location with easy access to local parks, shopping, and major commuter routes.
**Showings by appointment only. Do not disturb tenants.**
Location
State PA
County Montgomery
Area Horsham Twp (10636)
Zoning RESIDENTIAL MULTIFAMILY
Interior
Hot Water Electric
Heating Central
Cooling Window Unit(s)
Fireplace N
Heat Source Electric
Exterior
Garage Spaces 4.0
Water Access N
Accessibility None
Total Parking Spaces 4
Garage N
Building
Foundation Block
Above Ground Finished SqFt 1920
Sewer Public Sewer
Water Public
Architectural Style Unit/Flat
Additional Building Above Grade, Below Grade
New Construction N
Schools
Middle Schools Keith Valley
High Schools Hatboro-Horsham Senior
School District Hatboro-Horsham
Others
Tax ID 36-00-09475-002
Ownership Fee Simple
SqFt Source 1920
Special Listing Condition Standard
Nearby School & Business
Get More Information