NOT LISTED FOR SALE

2011 W Main St West Norriton, PA 19403

-- Bed
-- Bath
6,620 Sq Ft
0.81 Acres

Last Sold May 19, 2017

Last sale price $540,000 $82 Per Sq Ft

Highlights

  • 0.81 Acre Lot
  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • No HOA
  • En-Suite Primary Bedroom
  • Ceiling Fan

About This Home

As of May 2017

NEW PRICE! 2011 W. Main, W. Norriton is located in the heart of the business district of W. Norriton as you leave Norristown en route to Eaglesville and points north. Its 2 buildings yield about 4,870 SF. Property offers a good investment of 4 apartments in the front building plus a second building to the rear in a quiet setting. The stand-alone cottage apartment building boasts 3 garages that can be rented separately--a rare find in this area of town at reasonable rental rates. An estimated half acre in the very back of the property offers additional investment opportunity for about 6 more units or related expansion. The 4 units in the front building are 2 bedrooms and the cottage has 3 bedrooms, kitchen, living and dining room--a spacious and much-sought after rental. Units are fully leased and easily rentable. Residents have back yard use for picnics, etc. and ample parking on site for vehicles. Units yield over 54K annual income; low expenses plus investment potential on half acre. 2011 W. Main is being sold separately and can be sold with listing 2009 W. Main,(MLS 6889732, see listing) directly next to it, yielding an additional 3 more units. 2009 W. Main offers an additional 19.2K gross income, 9.3K expenses; a one 2 bedroom, 1.5 bath unit and a one 1 bedroom, 1 bath unit with potential for additional efficiency apartment. Photo 1 is 2011 W Main and photo 2 is 2009 W Main (see MLS #6889732 & #6889791 for additional photos).

Last Agent to Sell the Property

Virginia Scarano

(215) 628-2021 vscarano@kwcommercial.com KW Commercial Listed on: 11/13/2016

KW Commercial

Last Buyer's Agent

Dan Borowiec

(610) 639-5241 danborowiec@verizon.net RE/MAX Professional Realty

RE/MAX Professional Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,652

Year Built

  • Built in 1920

Lot Details

  • 0.81 Acre Lot
  • Property is in good condition

Parking

  • 5 Open Parking Spaces

Home Design

  • Converted Dwelling
  • Pitched Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • En-Suite Primary Bedroom
  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Radiant Heating System
  • 200+ Amp Service
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 006
  • Assessor Parcel Number 63-00-06883-002

Community Details

Overview

  • No Home Owners Association

Building Details

  • Electric Expense $316
  • Insurance Expense $2,104
  • Maintenance Expense $1,841
  • Other Expense $1,302
  • Operating Expense $15,477

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,652

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Architectural Style: Converted Dwelling
  • Ownership: Fee Simple
  • New Construction: No
  • Other Expense: 1302.00
  • Storage: Basement
  • Year Built: 1920
  • Remarks Public: NEW PRICE! 2011 W. Main, W. Norriton is located in the heart of the business district of W. Norriton as you leave Norristown en route to Eaglesville and points north. Its 2 buildings yield about 4,870 SF. Property offers a good investment of 4 apartments in the front building plus a second building to the rear in a quiet setting. The stand-alone cottage apartment building boasts 3 garages that can be rented separately--a rare find in this area of town at reasonable rental rates. An estimated half acre in the very back of the property offers additional investment opportunity for about 6 more units or related expansion. The 4 units in the front building are 2 bedrooms and the cottage has 3 bedrooms, kitchen, living and dining room--a spacious and much-sought after rental. Units are fully leased and easily rentable. Residents have back yard use for picnics, etc. and ample parking on site for vehicles. Units yield over 54K annual income; low expenses plus investment potential on half acre. 2011 W. Main is being sold separately and can be sold with listing 2009 W. Main,(MLS 6889732, see listing) directly next to it, yielding an additional 3 more units. 2009 W. Main offers an additional 19.2K gross income, 9.3K expenses; a one 2 bedroom, 1.5 bath unit and a one 1 bedroom, 1 bath unit with potential for additional efficiency apartment. Photo 1 is 2011 W Main and photo 2 is 2009 W Main (see MLS #6889732 & #6889791 for additional photos).
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Fireplace: No
  • Entry Location: Private
  • Foundation Details: Concrete Perimeter
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Street Number Modifier: 2011

Exterior Features

  • Construction Materials: Vinyl Siding
  • Exterior Features: Sidewalks
  • Roof: Pitched
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 5

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Cooling: Yes
  • Electric Expense: 316.00
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Oil, Natural Gas
  • Heating Type: Oil, Gas, Forced Air, Radiant
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 1262.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: NORRISTOWN AREA
  • School District Key: 300200397035

Lot Info

  • Land Use Code: 1140
  • Lot Size Acres: 0.81
  • Lot Dimensions: 74
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 35200.00
  • Property Condition: Good
  • Zoning: C

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 54000.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3

Tax Info

  • Assessor Parcel Number: 853855
  • Tax Annual Amount: 8652.00
  • Assessor Parcel Number: 63-00-06883-002
  • Tax Lot: 006
  • Tax Year: 2017
  • Close Date: 05/19/2017

MLS Schools

  • School District Name: NORRISTOWN AREA

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2017 05/19/17 Sold $540,000 -6.1% $82 / Sq Ft
11/13/2016 11/13/16 For Sale $575,000 -- $87 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003484545

Bright MLS

APN: 63-00-06883-002