$265,000
$285,000
7.0%For more information regarding the value of a property, please contact us for a free consultation.
1020 W MAIN ST Norristown, PA 19401
2,974 SqFt
Key Details
Sold Price $265,000
Property Type Single Family Home
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,974 sqft
Price per Sqft $89
MLS Listing ID PAMC697202
Sold Date 08/31/22
Style Colonial
HOA Y/N N
Abv Grd Liv Area 2,974
Originating Board BRIGHT
Year Built 1889
Annual Tax Amount $6,255
Tax Year 2021
Lot Size 7,000 Sqft
Acres 0.16
Lot Dimensions 35.00 x 0.00
Property Description
CALLING ALL NORRISTOWN INVESTORS: This well maintained oversized 3 unit triplex is an ideal investment property. This building has been well-kept by a local professional property management company and is extremely low-maintenance. All 3 residential units are currently occupied with the following rent amounts: Unit 1 rented until 11/30/2021 for $1,195/month Unit 2 rented until 4/30/2022 for $1,045/month Unit 3 rented until 9/30/2021 for $915/month. Separate electric meters and hot water heaters. This investment opportunity comes at a 9.0 cap rate, so if you are in search of a solid ROI, look no further. Don't miss your opportunity at this fantastic investment property. Property is being sold as is. Buyer is responsible for the U & O.
Location
State PA
County Montgomery
Area Norristown Boro (10613)
Zoning RES
Rooms
Basement Full
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Heat Source Electric
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
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 13-00-22768-007
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Matthew Marino • Compass RE
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