Beautiful Homes in Northern Liberties
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MLS® ID: PAMC621672

1140 SUMNEYTOWN PIKE

LANSDALE, Pennsylvania, 19446

$1,495,000 Active Under Contract
  • - SQFT
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, 2 stone gazebos, 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
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Listing courtesy of Keller Williams Real Estate-Montgomeryville

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    19446
  • Office name
    Keller Williams Real Estate-Montgomeryville
  • SQFT
    0
  • Bedrooms
    0
  • Property type
    Multi-Family
  • Zoning type
    R175
  • School district
    NORTH PENN
  • Year built
    1714
  • Lot size
    3.12
  • Sewer
    Public Sewer
  • Heating
    None
  • Agent name
    Scott E Loper
  • Purchase Type
    Active
  • Price Range
    $1.25m-$1.5m
  • Square Feet Range
    < 1000 sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    KELWLMM
  • Agent ID
    3142692

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