NOT LISTED FOR SALE

622 Dekalb St Norristown, PA 19401

-- Bed
-- Bath
-- Sq Ft
7,929 Sq Ft Lot

Last Sold January 17, 2017

Last sale price $280,000

Highlights

  • No HOA
  • West Facing Home
  • 5-minute walk to Simmons Park
  • En-Suite Primary Bedroom
  • Heating System Uses Gas

About This Home

As of January 2017

Investment opportunity in Norristown with large rental income! 7 unit apartment building fully occupied with 1 year leases and full security deposits. (1) 3 bedroom, (1) 2 bedroom, (1) 1 bedroom, and (4) studios. Property also includes a detached 2 story garage that's currently not rented ? 2nd floor with parking lot entry could be rented/used for storage while first floor with alley entry could be rented for parking. Strong upside in rental income + leasing up the garage. Building has a large parking lot with plenty of parking and an over-sized basement for ample storage. Already set up for absentee ownership, manager on site provides quick repair response time. Units have been upgraded throughout, most also have new heaters. Adjacent properties: office-only building on one side(no residents) and residential/historic building in progress of being completely rehab'ed across from parking lot. Property is located a few minute walk from SEPTA & Transportation Center. Low to zero vacancy rates due to location, private parking, and onsite management. Excellent opportunity with large rental income!

Last Agent to Sell the Property

Buddy Martin

(484) 762-8149 bmartin@nmhcgroup.com Keller Williams Realty Group License #RS-285590 Listed on: 07/21/2016

Keller Williams Realty Group

Last Buyer's Agent

Michael Sroka

(610) 520-6543 info@homeexpertsforyou.com EXP Realty, LLC License #0567158

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 7,929 Sq Ft Lot
  • West Facing Home

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Stucco

Parking

  • 8 Open Parking Spaces
  • 10 Parking Spaces

Schools

  • Norristown Area High School

Utilities

  • Heating System Uses Gas
  • Natural Gas Water Heater

Additional Features

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

Listing and Financial Details

  • Tax Lot 010
  • Assessor Parcel Number 13-00-09540-005

Community Details

Overview

  • No Home Owners Association

Building Details

  • Electric Expense $786
  • Insurance Expense $1,900
  • Other Expense $2,800
  • Operating Expense $19,089

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Other Expense: 2800.00
  • Year Built: 1900
  • Remarks Public: Investment opportunity in Norristown with large rental income! 7 unit apartment building fully occupied with 1 year leases and full security deposits. (1) 3 bedroom, (1) 2 bedroom, (1) 1 bedroom, and (4) studios. Property also includes a detached 2 story garage that's currently not rented ? 2nd floor with parking lot entry could be rented/used for storage while first floor with alley entry could be rented for parking. Strong upside in rental income + leasing up the garage. Building has a large parking lot with plenty of parking and an over-sized basement for ample storage. Already set up for absentee ownership, manager on site provides quick repair response time. Units have been upgraded throughout, most also have new heaters. Adjacent properties: office-only building on one side(no residents) and residential/historic building in progress of being completely rehab'ed across from parking lot. Property is located a few minute walk from SEPTA & Transportation Center. Low to zero vacancy rates due to location, private parking, and onsite management. Excellent opportunity with large rental income!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Street Number Modifier: 622

Exterior Features

  • Construction Materials: Stucco, Brick
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Flat
  • 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: 8
  • Total Garage And Parking Spaces: 10

Utilities

  • Central Air Conditioning: No
  • Electric Expense: 786.00
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 5310.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

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

Lot Info

  • Land Use Code: 1140
  • Lot Size Acres: 0.18
  • Lot Dimensions: 56
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7929.00
  • Zoning: TR

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 55020.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6,Unit 7

Tax Info

  • Assessor Parcel Number: 615345
  • Tax Annual Amount: 8293.00
  • Assessor Parcel Number: 13-00-09540-005
  • Tax Lot: 010
  • Tax Year: 2016
  • Close Date: 01/17/2017

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 List to Sale Price per Sq Ft
01/17/2017 01/17/17 Sold $280,000 -13.8% --
01/02/2017 01/02/17 Pending -- -- --
07/21/2016 07/21/16 For Sale $325,000 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Buddy Martin

    Seller's Agent in 2017

    Buddy Martin

    Keller Williams Realty Group

    (484) 762-8149

    8 Total Sales

    Buddy Martin
    Section Image
  • Michael Sroka

    Buyer's Agent in 2017

    Michael Sroka

    EXP Realty, LLC

    (610) 520-6543

    30 in this area

    550 Total Sales

    Michael Sroka
    Section Image
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Map

Source: Bright MLS

MLS Number: 1003478219

Bright MLS

APN: 13-00-09540-005

Pennsylvania Montgomery County Norristown 19401

622 Dekalb St, Norristown, PA

This home is located at 622 Dekalb St, Norristown, PA 19401 since 21 July 2016. This property was built in 1900. 622 Dekalb St is a home located in Montgomery County with nearby schools including Charles Blockson Middle School, Marshall Street Elementary School, and East Norriton Middle School.

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