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Key Details
Sold Price $190,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 3,606 sqft
Price per Sqft $52
MLS Listing ID PAMC2002490
Sold Date 08/12/22
HOA Y/N N
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $3,544
Tax Year 2021
Lot Size 2,562 Sqft
Acres 0.06
Lot Dimensions 20.00 x 0.00
Property Description
Finally... an AFFORDABLE OPPORTUNITY to ESTABLISH A STREAM OF PASSIVE INCOME! Introducing 558 E Main St, a Mixed-Use Investment Property located within the bustling downtown of Norristown Boro. This classic Victorian-style building features a 790 SQFT Commercial Storefront situated on the first floor, which offers a nicely-kept Half Bath and access to a Full Unfinished Basement for plenty of storage. (This commercial space is currently vacant, but will be easy to lease considering the attractive amount of walking/driving traffic that passes by this major road everyday.) Now, onto the (2) Residential apartments... With access from a conveniently separate side-door, the first residential unit is a 1 Bedroom and 1 Full Bath apartment (currently occupied and generating $675/month in rent). From another separate entrance, located up the wood stairs at the rear of the property and through the covered deck's door, the second residential unit is a 2 Bedroom (corrected from 3 Bedroom) and 1 Full Bath apartment (currently occupied and generating $750/month in rent). Finally, a rare feature in downtown Norristown, there is a great 6-Car Parking Lot accessed through a private rear alleyway just off of Ford St ready to alleviate the frustrations of street parking! 558 E Main St presents a unique chance to inexpensively build up your rental income, so don't miss out. Take the 3D Tour of each unit and schedule your showing before it's too late!
Location
State PA
County Montgomery
Area Norristown Boro (10613)
Zoning C - RETAIL, OFFICE, APTS.
Interior
Hot Water S/W Changeover
Heating Hot Water
Cooling Window Unit(s)
Flooring Carpet, Ceramic Tile
Heat Source Oil
Exterior
Garage Spaces 6.0
Water Access N
Accessibility None
Total Parking Spaces 6
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Norristown Area
School District Norristown Area
Others
Tax ID 13-00-21616-007
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash,Conventional,Other
Special Listing Condition Standard
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Bought with Steven Wynn • EXP Realty, LLC