From Forgotten to First Class: The Complete Transformation of 403 Washington Ave, Sellersville, PA
This is 403 Washington Ave. in Sellersville, PA. A property that, not long ago, was just another tired brick building from the early 1900s. Worn down, outdated, and completely underutilized, it blended into the background of a neighborhood filled with half million dollar homes, just under an hour from Philadelphia.
But we saw the potential.
Acquisition and Vision
When we acquired 403 Washington Ave. for $600,000, we knew it would take more than a coat of paint to unlock its true value. So we went to work, investing $500,000 from the ground up to breathe new life into every inch of the property.
Renovation Highlights
Repointed brickwork, restoring the building’s historic charm and structural integrity
Installation of 25+ new windows, flooding each unit with natural light and boosting energy efficiency
Brand-new roof, ensuring decades of worry-free protection
Complete overhaul of the electrical system for safety and reliability
New baseboard heaters and electric water heaters in every unit
Fresh flooring and paint throughout
Gut-renovated kitchens and bathrooms, featuring modern appliances (some stainless steel) and stylish finishes
Brand-new coin-operated laundry facilities for tenant convenience
Every single unit gutted and rebuilt. No shortcuts, no deferred maintenance, and no surprises for the next owner.
The Result: A Rebranded Asset
Today, 403 Washington Ave stands as a fully occupied, cash-flowing, turnkey 7-unit multifamily property. The unit mix includes:
Five spacious 1-bedroom, 1-bath units
One 2-bedroom, 1-bath unit
A three-story, 3-bedroom, 2-bath “crown jewel” that feels like a private home
All units are leased to clean, respectful tenants on one-year leases, reflecting the building’s new reputation as the best on the block.
Financial Performance
Gross Income: $112,800 (verified)
Net Income: $99,453
Cap Rate: 7%+ (with zero deferred maintenance)
Current Listing Price: $1,400,000
This property is not just renovated, it’s rebranded. It’s the shining gem of the neighborhood, offering stress-free ownership with no immediate work required.
Location Advantage
Situated right next to Grandview Hospital and minutes from highways, shopping, a police station, and a church, 403 Washington Ave. is in a peaceful residential enclave surrounded by high value homes. Its proximity to major amenities and employment centers makes it a recession-resistant, high-demand asset.
403 Washington Ave is a masterclass in value-add investing: a transformation that took a forgotten building and turned it into a first class, income-generating cornerstone of the community. This is how you take a property from overlooked to unstoppable, by going all in on a vision and delivering results that speak for themselves.
Want to see how we can bring this same approach to your portfolio?
Start here → lvpefund.com/questionnaire