Seller's Agent in 2021
Michael Marchese
Coldwell Banker Realty
(610) 476-4651
38 in this area
156 Total Sales
422 E Main St Norristown, PA 19401
Studio
--
Bath
3,350
Sq Ft
3,360
Sq Ft Lot
Highlights
- Traditional Floor Plan
- No HOA
- Porch
- Main Floor Bedroom
- Double Door Entry
- Eat-In Kitchen
About This Home
As of August 2021In search of a Profitable Norristown Investment Property?.... LOOK NO FURTHER: This meticulously-kept Commercial Mixed-Use building is an investment gem unlike any other within Norristown. With conveniently Separate Entry Doors (one leading to 3 Residential Units and the other leading to a Commercial Storefront) you will enter this building and be impressed with the size, efficient layout and good condition. The Storefront and ALL Apartments are FULLY-OCCUPIED, making this building a CASH-FLOWING machine! The low Operating Expense and solid Rental Income work together to generate a 7.7% Cap Rate and a realistic opportunity for straight profit. Make sure to view the 3D TOUR AVAILABLE of the building and confirm your showing.... because THIS ONE WILL NOT LAST !!
Last Agent to Sell the Property
(215) 641-2727 mmarchese@cbrealty.com Coldwell Banker Realty License #RS306072 Listed on: 06/04/2021
Last Buyer's Agent
(215) 641-2727 mmarchese@cbrealty.com Coldwell Banker Realty License #RS306072 Listed on: 06/04/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,945
Year Built
- Built in 1900
Lot Details
- 3,360 Sq Ft Lot
- Lot Dimensions are 24.00 x 0.00
- Downtown Location
- Property is in very good condition
Home Design
- Quadruplex
- AirLite
- Brick Exterior Construction
Interior Spaces
- Traditional Floor Plan
- Ceiling Fan
- Double Door Entry
- Combination Kitchen and Dining Room
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Fire and Smoke Detector
- Eat-In Kitchen
Flooring
- Carpet
- Ceramic Tile
- Vinyl
Bedrooms and Bathrooms
- Main Floor Bedroom
- Bathtub with Shower
Outdoor Features
- Porch
Schools
- Norristown Area High School
Utilities
- Window Unit Cooling System
- Heating System Uses Natural Gas
- Hot Water Heating System
- Electric Baseboard Heater
- Natural Gas Water Heater
- Municipal Trash
Listing and Financial Details
- The owner pays for water, sewer, electricity, pest control, insurance, real estate taxes, advertising/licenses and permits
- Tax Lot 009
- Assessor Parcel Number 13-00-21500-006
Community Details
Overview
- No Home Owners Association
- 4 Units
- 3-Story Building
- Norristown Subdivision
Building Details
- Income includes apartment rentals
- Insurance Expense $1,576
- Maintenance Expense $1,695
- Operating Expense $11,895
- Gross Income $32,700
- Net Operating Income $20,805
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/24/2021 08/24/21 | Sold | $275,000 | 0.0% | $82 / Sq Ft |
| 06/11/2021 06/11/21 | Off Market | $275,000 | -- | -- |
| 06/04/2021 06/04/21 | For Sale | $269,900 | -- | $81 / Sq Ft |
Source: Bright MLS
Agents Affiliated with this Home
-
Michael Marchese
Map
Source: Bright MLS
MLS Number: PAMC694236
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