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Key Details
Sold Price $240,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $96
MLS Listing ID 1001929386
Sold Date 10/30/20
Style Other
HOA Y/N N
Abv Grd Liv Area 2,500
Originating Board TREND
Year Built 1912
Annual Tax Amount $6,534
Tax Year 2018
Lot Size 3,700 Sqft
Acres 0.08
Lot Dimensions 32
Property Description
This building is in a great location. All units occupied most are long term tenants. Placed well in the west end the front unit has the potential to be an office or possibly a storefront. The owner has separated the utilities and installed gas heaters for each unit. The square footage and location makes this building worth consideration for an investor. Current rents: #1 500 #2 studio 575 #3 1 Br 725 #4 2 BR 850 #5 850. Yearly income is $41,000. NOI at30,000 Cap rate @ 10
Location
State PA
County Montgomery
Area Norristown Boro (10613)
Zoning RO
Rooms
Other Rooms Primary Bedroom
Basement Full, Unfinished
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling None
Flooring Wood, Fully Carpeted
Fireplace N
Heat Source Natural Gas
Laundry None
Exterior
Water Access N
Roof Type Flat
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
Elementary Schools Hancock
Middle Schools Eisenhower
High Schools Norristown
School District Norristown Area
Others
Tax ID 13-00-22792-001
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Khalid Munir • New Precision Realty