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1455 W Main Street

NORRISTOWN, PA 19403
  • $300,000
  • STATUS: Active
  • ON SITE: 54 Days
  • ID#: PAMC2013730
UPDATED: 17 min ago
$300,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1920
County:

School Information

High School:
School District:

Description

Excellent opportunity to acquire an investment property in West Norriton with $29,400 annual rental income and 7.4% CAP RATE. This multi-unit property in West Norriton consists of a first floor retail space, lower level storage & 2nd floor apartment. The property has been updated and meets all use and occupancy standards of West Norriton Township. The property has excellent exposure on Main St with an average daily traffic count of 10,000-20,000 cars. The first floor retail space is occupied by a bakery with a year to year lease. New Buyer could occupy the retail space or keep the current Tenant. Road signage available. Separate utilities except water & sewer.

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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or John Kriza Real Estate Team | Beiler-Campbell Realtors. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-11-28T12:50:32.93.
www.johnkrizateam.com/homes/122075100
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1455 W Main Street NORRISTOWN, PA 19403

  • Price: $300,000
  • Status: Active
  • On Site: 54 Days
  • Updated: 17 min ago
  • ID#: PAMC2013730
0
Beds
0
Baths
0
½ Baths
0.1
Acres
1920
Built
Neighborhood:
None Available
County:
Montgomery
Area:
West Norriton Twp (10663)
High School:
Norristown
School District:
Norristown Area
Property Description
Excellent opportunity to acquire an investment property in West Norriton with $29,400 annual rental income and 7.4% CAP RATE. This multi-unit property in West Norriton consists of a first floor retail space, lower level storage & 2nd floor apartment. The property has been updated and meets all use and occupancy standards of West Norriton Township. The property has excellent exposure on Main St with an average daily traffic count of 10,000-20,000 cars. The first floor retail space is occupied by a bakery with a year to year lease. New Buyer could occupy the retail space or keep the current Tenant. Road signage available. Separate utilities except water & sewer.
Exterior Features

Construction Materials Brick Garage YN No Location Type Suburban Lot Features Level Parking Types On Street Property Condition Good Riparian Rights YN No Road Responsibility Boro/Township Road Surface Type Black Top Roof Shingle Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 0.00 Cooling None Flooring CarpetVinyl Heating 90% Forced Air Heating YN Yes Net Square Feet 3737.00

Property Features

Acceptable Financing CashConventional Accessibility Features None Annual Gross Expense 7067.00 Assessment Year 2021 Business Type Apartment BuildingOther/General Retail Central Air YN No Cooling Fuel Electric Cross Street Montgomery Electric 200+ Amp Service Foundation Details Brick/Mortar Gross Income 28800.00 Ground Rent Payment Frequency Annually Heating Fuel Natural Gas Hot Water Natural Gas Lease Considered YN No Municipality West Norriton Twp Navigable Water YN N Net Operating Income 21733.00 New Construction YN No Number Of Units Total 2 Original MLSNumber 801107597450 Owner Pays SewerWater Ownership Interest Fee Simple Possession Negotiable Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 6397.00 Tax Assessment Amount 134100.00 Tax Lot 021 Total Actual Rent 28800.00 Transportation Bus Stop Less Than 1 MileCommuter Rail Station 1 To 5 Miles Vacation Rental YN No Water Source Public Year Built Effective 2018 Zoning C

Listing courtesy of Re/Max Services.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or John Kriza Real Estate Team | Beiler-Campbell Realtors. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-11-28T12:50:32.93.
 
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