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Key Details
Sold Price $250,000
Property Type Multi-Family
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,918 sqft
Price per Sqft $85
MLS Listing ID PAMC2106078
Sold Date 07/30/24
Style Colonial
Abv Grd Liv Area 2,918
Originating Board BRIGHT
Year Built 1881
Annual Tax Amount $3,457
Tax Year 2024
Lot Size 4,640 Sqft
Acres 0.11
Lot Dimensions 40.00 x 0.00
Property Description
This property boasts tremendous potential and the perfect canvas for the savvy investor or homeowner. Live in one and lease the other two. There have been some updates to the interior units in the past, although more is needed. This property offers endless opportunities and is poised for transformation. There are tenants in place and with the right investor there is potential of increase in rental income. The side yard may be able to offer additional potential as well.
The three current leases are well below what the new Buyer can charge ranging from $1,350-$2,150/month for the two, two bedroom units and $900-$1,695/month for a one bedroom. Off street parking for up to 4 cars from the rear alley offers convenience as well.
The property is being sold in "AS IS CONDITION". The Buyer is responsible for Certificate of Occupancy, Rental license, etc. and to confirm all zoning criteria as this is listed in the Historic District, 2 blocks down from the Courthouse, nearby Lawyers row and the Transportation center at Swede and Main Streets.
Location
State PA
County Montgomery
Area Norristown Boro (10613)
Zoning 1134 RES: TRIPLEX
Rooms
Basement Full
Interior
Hot Water Natural Gas
Heating Baseboard - Hot Water
Cooling None
Fireplace N
Heat Source Natural Gas
Exterior
Utilities Available Electric Available, Natural Gas Available, Sewer Available, Water Available
Waterfront N
Water Access N
Accessibility None
Garage N
Building
Foundation Block, Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Norristown Area
Others
Tax ID 13-00-36392-009
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 Donna Moles • Charles L. Moles Real Estate, LLC
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