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Key Details
Sold Price $540,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision None Available
MLS Listing ID 1003484545
Sold Date 05/19/17
Style Converted Dwelling
HOA Y/N N
Originating Board TREND
Year Built 1920
Annual Tax Amount $8,652
Tax Year 2017
Lot Size 0.808 Acres
Acres 0.81
Lot Dimensions 74
Property Description
NEW PRICE! 2011 W. Main, W. Norriton is located in the heart of the business district of W. Norriton as you leave Norristown en route to Eaglesville and points north. Its 2 buildings yield about 4,870 SF. Property offers a good investment of 4 apartments in the front building plus a second building to the rear in a quiet setting. The stand-alone cottage apartment building boasts 3 garages that can be rented separately--a rare find in this area of town at reasonable rental rates. An estimated half acre in the very back of the property offers additional investment opportunity for about 6 more units or related expansion. The 4 units in the front building are 2 bedrooms and the cottage has 3 bedrooms, kitchen, living and dining room--a spacious and much-sought after rental. Units are fully leased and easily rentable. Residents have back yard use for picnics, etc. and ample parking on site for vehicles. Units yield over 54K annual income; low expenses plus investment potential on half acre. 2011 W. Main is being sold separately and can be sold with listing 2009 W. Main,(MLS 6889732, see listing) directly next to it, yielding an additional 3 more units. 2009 W. Main offers an additional 19.2K gross income, 9.3K expenses; a one 2 bedroom, 1.5 bath unit and a one 1 bedroom, 1 bath unit with potential for additional efficiency apartment. Photo 1 is 2011 W Main and photo 2 is 2009 W Main (see MLS #6889732 & #6889791 for additional photos).
Location
State PA
County Montgomery
Area West Norriton Twp (10663)
Zoning C
Rooms
Other Rooms Primary Bedroom
Basement Full, Unfinished
Interior
Interior Features Ceiling Fan(s)
Hot Water Natural Gas
Heating Oil, Gas, Forced Air, Radiant
Cooling Wall Unit
Fireplace N
Heat Source Oil, Natural Gas
Laundry None
Exterior
Utilities Available Cable TV Available
Waterfront N
Water Access N
Roof Type Pitched
Accessibility None
Parking Type None
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Converted Dwelling
New Construction N
Schools
School District Norristown Area
Others
Tax ID 63-00-06883-002
Ownership Fee Simple
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
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Bought with Dan Borowiec • RE/MAX Professional Realty