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    29-31-33 W Main Street

    NORRISTOWN, PA 19401
    • $629,900
    • STATUS: Active Under Contract
    • ON SITE: 455 days
    • ID#: PAMC641770
    Under Contract
    UPDATED: 27 min ago
    $629,900
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1900
    County:

    School Information

    High School:
    School District:

    Description

    This Unique Property offers potential investors the rare opportunity to purchase a multi faceted rental property. The property consists of 6 apartments, 2 commercial store front units, and 12 yearly parking spot rentals. The Property is centrally located in the heart of Norristown one block from the county court house , municipal buildings and revitalization area. Tenant's pay their own heat, electric and cable.The water ,sewer and trash are included in rent along with one parking spot. The Property recently had new roofs installed along with paint and interior improvements.This is a very rare opportunity for the market and presents future development and appreciation opportunities .Property is always consistently fully occupied and if there is turn over which is rare, it re-leases quickly.

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    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty - Matt Fetick Team. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-06-23T18:54:13.947.
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    29-31-33 W Main Street NORRISTOWN, PA 19401

    • Price: $629,900
    • Status: Active Under Contract
    • Updated: 27 min ago
    • ID#: PAMC641770
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    1900
    Built
    Neighborhood:
    Norristown Boro (10613)
    County:
    Montgomery
    Area:
    Norristown Boro (10613)
    High School:
    Norristown Area
    School District:
    Norristown Area
    Property Description
    This Unique Property offers potential investors the rare opportunity to purchase a multi faceted rental property. The property consists of 6 apartments, 2 commercial store front units, and 12 yearly parking spot rentals. The Property is centrally located in the heart of Norristown one block from the county court house , municipal buildings and revitalization area. Tenant's pay their own heat, electric and cable.The water ,sewer and trash are included in rent along with one parking spot. The Property recently had new roofs installed along with paint and interior improvements.This is a very rare opportunity for the market and presents future development and appreciation opportunities .Property is always consistently fully occupied and if there is turn over which is rare, it re-leases quickly.
    Exterior Features

    Construction Materials BrickConcreteCopper PlumbingFrameGlassMasonryMixedStoneStuccoTileVinyl Siding Garage YN No Location Type Business District Lot Features Rented Lot Parking Features Paved Parking Parking Types Parking Lot Property Condition Good Riparian Rights YN No Roof Architectural Shingle View Street Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 6000.00 Cooling None Flooring CarpetCeramic TileHardwoodLaminated Heating Hot Water Heating YN Yes Net Square Feet 6000.00 Security Features Carbon Monoxide Detector(S)Main Entrance LockSmoke Detector

    Property Features

    Acceptable Financing CashConventional Accessibility Features 36"+ Wide Halls Annual Gross Expense 24275.00 Assessment Year 2021 Association Expense 0.00 Association YN No Business Type Apartment BuildingRestaurant/BarProfessional Central Air YN No Cooling Fuel None Cross Street Cherry Electric Underground440 Volts200+ Amp Service Electric Expense 480.00 Foundation Details Brick/MortarStoneBlock Gross Income 83570.00 Heating Fuel Electric Historic YN No Hot Water Multi-TankNatural Gas Incorporated City Name Norristown Boro Insurance Expense 3000.00 Internet Services Dsl Lease Considered YN No Maintenance Expense 2250.00 Navigable Water YN N Net Operating Income 59295.00 New Construction YN No Number Of Units Total 3 Operating Expense 24275.00 Operating Expense Includes InsuranceRepair/MaintenanceSewerTrashWater Original MLSNumber 304048158000 Other Expense 1000.00 Owner Pays InsuranceSewerTaxes - Real EstateTrash CollectionWater Ownership Interest Fee Simple Possession 31-60 Days Cd Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 13886.00 Tax Assessment Amount 234460.00 Tax Lot 027 Total Actual Rent 83570.00 Trash Expense 840.00 Utilities Cable TvElectric AvailableMultiple Phone LinesNatural Gas AvailableUnder Ground Vacation Rental YN No Water Source Public Year Built Effective 2017 Zoning Tc

    Listing courtesy of Tesla Realty Group Llc.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty - Matt Fetick Team. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-06-23T18:54:13.947.
     
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    Keller Williams Realty - Matt Fetick Team
    210 S Mill Rd Suite 104
    Kennett Square PA, 19348