$540,000
$575,000
6.1%For more information regarding the value of a property, please contact us for a free consultation.
0.81 Acres Lot
SOLD DATE : 05/19/2017
Key Details
Sold Price $540,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision None Available
MLS Listing ID 1003482841
Sold Date 05/19/17
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 X 3 X 476 X 2
Property Description
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 4,000 SF; the main building, 2,750 SF and cottage, 1,200 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 1 bedroom, 1 bath and the cottage has 3 bedrooms, 2 baths,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 61.5K 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 directly next to it (MLS 6889732), yielding an additional 2 more units (see 2009 W. Main listing) Heart of the main commercial district in W. Norriton. High traffic count, visibility and signage to attract rental opportunities.
Location
State PA
County Montgomery
Area West Norriton Twp (10663)
Zoning C
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water Oil, Natural Gas
Flooring Tile/Brick, Wood, Carpet, Vinyl
Fireplace N
Heat Source Natural Gas, Oil
Exterior
Utilities Available Water Available, Sewer Available, Electric Available, Cable TV Available, Above Ground
Water Access N
Roof Type Pitched,Shingle
Road Frontage Boro/Township
Garage N
Building
Building Description Other, Ceiling Fans,Fire Escape,Security Lighting
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Structure Type Other
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
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