NOT LISTED FOR SALE

401 Walnut St Norristown, PA 19401

-- Bed
-- Bath
2,950 Sq Ft
1,235 Sq Ft Lot

Last Sold February 20, 2023

Last sale price $225,000 $76 Per Sq Ft

7 Days on Market

About This Home

As of February 2023

Offer Deadline set for 2pm, Thursday January 19.

Entrepreneur Alert! Here's an amazing opportunity for the savvy buyer.

This is a perfect property for both the entrepreneur who uses Unit A as his/her office, lives in unit B, and uses unit C for their warehouse or, the investor who is looking for a building that actually cashflows in this high interest rate environment. (see attached estimated cash flow sheet.)

Unit A consists of a 574 Sq ft space that would make a fantastic office, studio, meeting center etc.. Unit B consists of a large 3 bed 1 bath apartment. Unit C consists of a 380 Sq. ft garage/shop with a garage door, electric and a toilet/wash area.

Pictures of Unit B will be uploaded next week.

Seller has previously rented unit A for $1,000, Unit C for $400, and the current rent for Unit B is $1,300.

Each unit has their own electric meter, and heating system.

Last Agent to Sell the Property

Chris Good

(717) 821-1610 chrisgood14@kw.com Keller Williams Elite License #5012000 Listed on: 01/12/2023

Keller Williams Elite

Co-Listed By

Benuel Esh

(717) 553-2500 benuelesh@kw.com Keller Williams Elite License #RS329980

Last Buyer's Agent

Jim Israel

(215) 828-4219 jim.israel@wheelhousephilly.com Compass RE License #2549478

Compass RE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,489

Year Built

  • Built in 1874

Lot Details

  • 1,235 Sq Ft Lot
  • Lot Dimensions are 16.00 x 0.00

Parking

  • On-Street Parking

Home Design

  • 2,950 Sq Ft Home

Utilities

  • Ductless Heating Or Cooling System
  • Heat Pump System
  • 100 Amp Service
  • Electric Water Heater

Community Details

  • 3 Units
  • 2 Vacant Units

Listing and Financial Details

  • The owner pays for water, sewer
  • Tax Lot 113
  • Assessor Parcel Number 13-00-37560-002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,489

Year Built

Built in 1874

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1874
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 2950
  • Living Area Sq Ft: 2950
  • Price Per Sq Ft: 76.27
  • Above Grade Finished Sq Ft: 2950
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ductless/Mini-Split
  • Electric Service: 100 Amp Service
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Natural Gas Available
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Size Acres: 0.03
  • Lot Dimensions: 16.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1235.00
  • Zoning: NEIGHBORHOOD COMMERCIAL

Rental Info

  • Owner Pays: Water, Sewer
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 622539
  • School Tax: 3652.00
  • Tax Annual Amount: 5489.00
  • Assessor Parcel Number: 13-00-37560-002
  • Tax Lot: 113
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

Multi Family

  • Number Of Units Vacant: 2

MLS Schools

  • School District Name: NORRISTOWN AREA

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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 List to Sale Price per Sq Ft Prior Sale
02/20/2023 02/20/23 Sold $225,000 0.0% $76 / Sq Ft
01/19/2023 01/19/23 Pending -- -- --
01/19/2023 01/19/23 Price Changed $225,000 +7.1% $76 / Sq Ft
01/12/2023 01/12/23 For Sale $210,000 +23.6% $71 / Sq Ft
06/12/2020 06/12/20 Sold $169,900 0.0% -- View Prior Sale
04/27/2020 04/27/20 Pending -- -- --
02/28/2020 02/28/20 For Sale $169,900 -- --
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: PAMC2061308

Bright MLS