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36-38 E Spruce Street

NORRISTOWN, PA 19401
  • $474,900
  • STATUS: Active Under Contract
  • ON SITE: 29 Days
  • ID#: PAMC2071520
Under Contract
UPDATED: 54 min ago
$474,900
  • 0
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Ratings & Info

School District:

Description

Investor Alert! This is a 6-unit, mixed use building located on the corner of Spruce and Willow. Currently the building is divided into 6 separate units. A commercial store front (currently operated as a grocery store), 4- one bedroom / one bathroom apartments, and 1- two bedroom/ 1 bath apartment. Ideal for those who are looking to live in one unit and rent the other three out, or for those looking to add to their portfolio! All six units are currently rented. Potential to collect higher rents on a few of the units! Currently collecting $6150 in rents with projected rent estimated to be just shy of $7,000/month. Walking distance to several shops and restaurants, easy access to main roads and public transportation including train and bus routes. Call us today to schedule your private tour. Seller is also selling 551 Cherry St just a few blocks away (a 4 unit building)!

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©2023 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: 2023-06-08T06:58:11.01.
www.johnkrizateam.com/homes/139380410
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36-38 E Spruce Street NORRISTOWN, PA 19401

  • Price: $474,900
  • Status: Active Under Contract
  • On Site: 29 Days
  • Updated: 54 min ago
  • ID#: PAMC2071520
0
Beds
0
Baths
0
½ Baths
0.08
Acres
1900
Built
Neighborhood:
Norristown
County:
Montgomery
Area:
Norristown Boro (10613)
School District:
Norristown Area
Property Description
Investor Alert! This is a 6-unit, mixed use building located on the corner of Spruce and Willow. Currently the building is divided into 6 separate units. A commercial store front (currently operated as a grocery store), 4- one bedroom / one bathroom apartments, and 1- two bedroom/ 1 bath apartment. Ideal for those who are looking to live in one unit and rent the other three out, or for those looking to add to their portfolio! All six units are currently rented. Potential to collect higher rents on a few of the units! Currently collecting $6150 in rents with projected rent estimated to be just shy of $7,000/month. Walking distance to several shops and restaurants, easy access to main roads and public transportation including train and bus routes. Call us today to schedule your private tour. Seller is also selling 551 Cherry St just a few blocks away (a 4 unit building)!
Exterior Features

Construction Materials BrickMasonry Garage YN No Parking Types None Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 0.00 Cooling None Exclusions Split System in Store (Store Owner Owns). Window Units Owned By Tenants And Tenant's Belongings. Heating Hot Water Heating YN Yes Inclusions Owner Owned Window UnitsIn As-Is Condition. Please Confirm inclusions With Listing Agent Net Square Feet 5361.00

Property Features

Accessibility Features None Assessment Year 2023 Business Type Supermarket/Grocery Store Central Air YN No Cooling Fuel None Cross Street Willow St Gross Income 69372.00 Heating Fuel Natural Gas Hot Water Electric Lease Considered YN No Municipality Norristown Boro Navigable Water YN N Net Operating Income 47553.00 New Construction YN No Number Of Units Total 6 Original MLSNumber 802329738706 Ownership Interest Fee Simple Possession Negotiable Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 8084.00 Tax Assessment Amount 132900.00 Tax Lot 43 Total Actual Rent 73800.00 Transportation Commuter Rail Station 1 To 5 MilesBus Stop Less Than 1 Mile Vacation Rental YN No Water Source Public Zoning Mixed Use / Commercial Zoning Description Land Use: 4100 Mix: RetailOfcApts - Multi-Use

Listing courtesy of Keller Williams Main Line: .


©2023 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: 2023-06-08T06:58:11.01.
 
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John Kriza Real Estate Team | Beiler-Campbell Realtors
402 Bayard Rd. Ste. 100
Kennett Square PA, 19348