Norristown, PA 19401
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Norristown, PA 19401
$760,0008 Units
0.310000 Acres
Property Details
Here is a perfect opportunity to acquire a fully occupied investment property consisting of 7 apartments, a 3,690 sq ft office space, 5 bay drive in garage and two huge storage areas. This is a unique and well maintained building that will produce an excellent return on your investment for many years to come. Four of the apartments were recently modernized from top to bottom including new central air, new gas heaters, new appliances, separate meters for gas/water/electric with off street parking. All utilities are separate except water for 4 apartments. Other recent improvements include new roof 5 years ago with 30 year shingles, sprinkler system , upgraded electric throughout and much more. The building has 8 off street parking spots for tenants & 8 for the commercial space. The office space is occupied by an electrical contractor who owns the building and will remain as a long term tenant or move out if buyer wishes to occupy the space. Net operating income almost $70,000! This one is definitely a must see!
- Property Type Multi-Family
- Building Floors 3.00
- Design AptBldg
- Floor Wood,Fully Carpeted,Vinyl,Tile/Brick
- Gross Square Feet 10433
- Land Square Feet 13328
- Total Units 8
- Property Age 63
- County MONTGOMERY
- Subdivision NONE AVAILABLE
Community & Schools
- High School NORRISTOWN
- School District Norristown
Interior Features
- Basement N
- Basement Type None
- Interior Features CeilngFan(s),CableTVAvail,SprinklerSys,Store/Office
- Three Bedroom Unit Count 1
- Two Bedroom Unit Count 5
- Baths Full Unit 1 1
- Beds Unit 1 2
- Unit 1 Interior Sq Ft 850
- Room Count Unit 1 4
- Baths Full Unit 2 1
- Beds Unit 2 1
- Unit 2 Interior SqFt 800
- Room Count Unit 2 3
- Baths Full Unit 3 1
- Beds Unit 3 4
- Unit 3 Interior Sq Ft 1600
- Partial Bath Count Unit 3 1
- Room Count Unit 3 7
- Beds Unit 4 2
- Unit 4 Interior Sq Ft 3690
- Partial Bath Count Unit 4 2
- Room Count Unit 4 4
- Baths Full Unit 5 1
- Beds Unit 5 2
- Unit 5 Interior SqFt 850
- Room Count Unit 5 5
- Baths Full Unit 6 1
- Beds Unit 6 1
- Unit 6 Interior SqFt 850
- Room Count Unit 6 5
- Baths Full Unit 7 1
- Beds Unit 7 4
- Unit 7 Interior SqFt 850
- Room Count Unit7 5
- Baths Full Unit8 1
- Unit 8 Interior SqFt 850
- Room Count Unit 8 5
Exterior Features
- Water Front N
- Exterior Vinyl Siding,Brick
- Exterior Features Sidewalks
- Roof PitchedRoof,ShingleRoof
- Has Garage Flag Y
- Garage Spaces 4+CarGarage
- Garage Type Attached
- Parking 8+CarParking,Street
Appliances & Utilites
- Central Air Y
Financial Details
- Unit 1 Monthly Rent 700.00
- Unit 2 Monthly Rent 625.00
- Unit 3 Monthly Rent 1025.00
- Unit 4 Monthly Rent 1400.00
- Unit 5 Monthly Rent 1025.00
- Unit 6 Monthly Rent 1025.00
- Unit 7 Monthly Rent 1000.00
- Unit 8 Monthly Rent 1025.00
- Annual Insurance Expense 2000.00
- Annual Maintanance Expense 4094.00
- Annual Water Sewer Expense 5731.00
- Tax Year 2011
- Total Assessment 297050.00
- Total Taxes 13347.00
Miscellaneous Details
- New Construction N
- Property Condition Average+Prop
- Storage Garage
- Type SingleBldg
Map & Directions
Map for Norristown, PA 1940140.112323-75.329995
Map locations are not exact and are meant to be an estimated reference only.
In addition to this Multi-Family real estate property, we have hundreds of addtional Norristown real estate listings and homes for sale and Montgomery County real estate listings and homes for sale.
