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723 Astor Street

NORRISTOWN, PA 19401
  • $235,000
  • STATUS: Active
  • ON SITE: 52 Days
  • ID#: PAMC2059006
UPDATED: 52 min ago
$235,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,048
    SQFT
  • $115
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Information

High School:
School District:

Description

Duplex opportunity in the heart of the city steps from shopping and dining on Marshall Street, transportation and more. 2-unit ideal for an owner occupant or investor looking to start/add to a portfolio. 10 CAP rate! High income producing duplex with extremely low bills & great POSITIVE cash-flow. Very low maintenance. Potential Rent income produced $1,416 positive cash-flow per month & $17K+ per year after all expenses! Each unit pays for their own heat, hot water, electricity & cooking. Plus, an additional $50 for water each month. Owner pays ONLY Water/Sewer/Trash/Insurance ($5,004/year) & Taxes ($4094/year). Unit 1 (1BR) occupied $975/month ($11,700/year). Unit 2 (2BR) occupied $1,200/month ($14,400/year). Profit & Loss Math: $11,700+$14,400=$26,100-$4,094-$5,004=$17,002 Positive Cash flow.

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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: 2023-01-30T18:50:38.867.
www.johnkrizateam.com/homes/135300772
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723 Astor Street NORRISTOWN, PA 19401

  • Price: $235,000
  • Status: Active
  • On Site: 52 Days
  • Updated: 52 min ago
  • ID#: PAMC2059006
0
Beds
0
Baths
0
½ Baths
0.06
Acres
2,048
SQFT
$115
$/SQFT
1900
Built
Neighborhood:
Norristown Boro (10613)
County:
Montgomery
Area:
Norristown Boro (10613)
High School:
Norristown Area
School District:
Norristown Area
Property Description
Duplex opportunity in the heart of the city steps from shopping and dining on Marshall Street, transportation and more. 2-unit ideal for an owner occupant or investor looking to start/add to a portfolio. 10 CAP rate! High income producing duplex with extremely low bills & great POSITIVE cash-flow. Very low maintenance. Potential Rent income produced $1,416 positive cash-flow per month & $17K+ per year after all expenses! Each unit pays for their own heat, hot water, electricity & cooking. Plus, an additional $50 for water each month. Owner pays ONLY Water/Sewer/Trash/Insurance ($5,004/year) & Taxes ($4094/year). Unit 1 (1BR) occupied $975/month ($11,700/year). Unit 2 (2BR) occupied $1,200/month ($14,400/year). Profit & Loss Math: $11,700+$14,400=$26,100-$4,094-$5,004=$17,002 Positive Cash flow.
Exterior Features

Architectural Style Straight Thru Construction Materials BrickMasonry Garage YN No Lot Features Rear Yard Other Structures Above Grade Parking Types Off Street Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2048 Basement FullUnfinished Basement YN Yes Below Grade Unfinished Area 500 Cooling Ceiling Fan(S)Window Unit(S) Fireplace YN No Heating Forced Air Heating YN Yes Interior Features 2nd KitchenCeiling Fan(S) Security Features Carbon Monoxide Detector(S)Smoke Detector Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 1

Property Features

Acceptable Financing CashConventionalFhaVa Accessibility Features None Assessment Year 2023 Central Air YN No Cooling Fuel Electric Cross Street W Elm St Existing Lease Type Month To MonthYearly Foundation Details Stone Heating Fuel Natural Gas Hot Water Natural Gas Insurance Expense 167.00 Municipality Norristown Boro Navigable Water YN N New Construction YN No Number Of Units Leased 2 Number Of Units Total 2 Number Of Units Vacant 0 Original MLSNumber 802039085784 Owner Pays InsuranceRepairsSewerTaxes - Real EstateTrash CollectionWater Ownership Interest Fee Simple Possession 0-30 Days CdSettlement Property Sub Type Duplex Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 4094.00 Tax Assessment Amount 68790.00 Tax Lot 50 Total Actual Rent 26100.00 Transportation Airport Less Than 10 MilesBus Stop Less Than 1 MileCommuter Lots Less Than 5 MilesCommuter Rail Station Less Than 1 Mile Trash Expense 50.00 Vacation Rental YN No Water Source Public Zoning R2

Listing courtesy of Springer Realty Group: .


©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: 2023-01-30T18:50:38.867.
 
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