For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $275,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,026 sqft
Price per Sqft $90
Subdivision None Available
MLS Listing ID PAMC103752
Sold Date 04/14/20
Style Other
HOA Y/N N
Abv Grd Liv Area 3,026
Originating Board TREND
Year Built 1900
Annual Tax Amount $4,159
Tax Year 2018
Lot Size 6,601 Sqft
Acres 0.15
Lot Dimensions 18
Property Description
232 W Main Street Mixed-use property containing 3,026 square feet in a detached, masonry brick, part one, part two and part three-story building; site includes rear gravel-paved parking lot. Fully occupied with third-party tenants: retail store front at the first floor-front; efficiency apartment at first floor-rear; and apartments on second and third floors. Separate electric panels, meters and hot water heaters per unit; 100-amp circuit breakers. Separate electric baseboard heating; air conditioned via window/wall units. The property has good access and above average visibility from Main Street, which is a local commercial thoroughfare travel artery with above average traffic counts for the area. The first floor has a commercial unit and a rear efficiency apartment accessed at the rear from the parking lot. The commercial unit is mostly a large, open store area but has 2 back rooms and powder room. To access the upper floor apartments there is a separate front door leading to the stairway for the upper floor apartments. The basement is accessed via bulk-head doors in the front sidewalk. The basement has utilities. The second-floor apartment has one bedroom, a living area, kitchen, and bathroom. The upper apartment is bi-level, has two bedrooms, kitchen and living space, and a full bathroom. The Property is located in downtown area of Norristown, blocks from Montgomery County courthouse and Transportation Center hub. Flexible use rooms on first floor make it easy to access public sidewalk/foot traffic. There are approximately 12 parking spots in rear of this building. This 4-Unit property is completely rented. The commercial lease is month to month and the apartments leases are Month/Month. Tenants pay Gas and Electric. All meters are separated. Good income producing property. Current Rental Income totals - $3700 per month. Seller is selling 4 parcels together.
Location
State PA
County Montgomery
Area Norristown Boro (10613)
Zoning TC
Rooms
Other Rooms Primary Bedroom
Basement Unfinished
Interior
Interior Features Store/Office
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Fireplace N
Heat Source Electric
Laundry None
Exterior
Water Access N
Roof Type Flat
Accessibility None
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
High Schools Norristown Area
School District Norristown Area
Others
Tax ID 13-00-22504-001
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Julie M Boland • Coldwell Banker Realty