1,400 SqFt
1,400 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Under Contract
Purchase Type For Sale
Square Footage 1,400 sqft
Price per Sqft $217
MLS Listing ID PAMC2113014
Style Other
Abv Grd Liv Area 1,400
Originating Board BRIGHT
Year Built 1875
Annual Tax Amount $4,074
Tax Year 2024
Lot Size 1,326 Sqft
Acres 0.03
Lot Dimensions 13.00 x 0.00
Property Description
Both units are vacant. Recent rents for each unit were below market at $1,350/month. Market rents for the 4 bedroom residential space are averaging $1800+/month.
The first floor unit is a Renovated Retail / storefront space (around 700 sf.) that was previously a Coffee shop with a renovated full bathroom (handicapped accessible) with plenty of seating area. The zoning is TC, which allows for most retail uses.
There is a large 4-bedroom Residential rental unit on the top two floors of the building with hardwood floors throughout the apartment. The 4 spacious bedrooms (two are 14x12 and two closer to 13x10) share one Full Bathroom. The kitchen leads to an outdoor deck. There are also 10' ceilings and plenty of natural light.
Upgrades include the following (see attached Upgrade list): Central A/C (split units - 4 zones in the property installed 2019), Commercial space (new counters and electrical, plumbing), Refinished hardwood Flooring, Newer Laundry area with Washer/Dryer, Water Heater (2018), Electrical (200 amps - 3 separate panels), some Windows replaced .
Location, Location, Location !!! Perfect location in Norristown to run a business or a good investment opportunity to generate rental income. The property offers walkability to local businesses and multiple public transportation options. Conveniently located in downtown Norristown close to major shopping areas, turnpikes (including Dekalb Pike-Route 202), and public transportation, making your daily commute and shopping a breeze. Recent development was announced in the immediate area!
Schedule your showing today to secure this Investment property featuring many upgrades and rental income potential !
Location
State PA
County Montgomery
Area Norristown Boro (10613)
Zoning TC
Interior
Hot Water Natural Gas
Heating None
Cooling None
Flooring Engineered Wood, Hardwood
Inclusions washer dryer (commercial space)
Fireplace N
Heat Source Natural Gas
Exterior
Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available, Under Ground
Waterfront N
Water Access N
Roof Type Pitched
Accessibility None
Road Frontage Boro/Township
Parking Type On Street
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Norristown Area
Others
Tax ID 13-00-21320-006
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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