Norristown, PA 19401,558 E MAIN ST
Norristown, PA 19401,558 E MAIN ST
Norristown, PA 19401,558 E MAIN ST
Norristown, PA 19401,558 E MAIN ST
Norristown, PA 19401,558 E MAIN ST
Norristown, PA 19401,558 E MAIN ST
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$190,000

$209,900

9.5%
Est.Price: ?

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Est. payment /mo

3,606 SqFt


SOLD DATE : 08/12/2022

Key Details

Sold Price $190,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 3,606 sqft

Price per Sqft $52

MLS Listing ID PAMC2002490

Sold Date 08/12/22

HOA Y/N N

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $3,544

Tax Year 2021

Lot Size 2,562 Sqft

Acres 0.06

Lot Dimensions 20.00 x 0.00

Property Description

Finally... an AFFORDABLE OPPORTUNITY to ESTABLISH A STREAM OF PASSIVE INCOME! Introducing 558 E Main St, a Mixed-Use Investment Property located within the bustling downtown of Norristown Boro. This classic Victorian-style building features a 790 SQFT Commercial Storefront situated on the first floor, which offers a nicely-kept Half Bath and access to a Full Unfinished Basement for plenty of storage. (This commercial space is currently vacant, but will be easy to lease considering the attractive amount of walking/driving traffic that passes by this major road everyday.) Now, onto the (2) Residential apartments... With access from a conveniently separate side-door, the first residential unit is a 1 Bedroom and 1 Full Bath apartment (currently occupied and generating $675/month in rent). From another separate entrance, located up the wood stairs at the rear of the property and through the covered deck's door, the second residential unit is a 2 Bedroom (corrected from 3 Bedroom) and 1 Full Bath apartment (currently occupied and generating $750/month in rent). Finally, a rare feature in downtown Norristown, there is a great 6-Car Parking Lot accessed through a private rear alleyway just off of Ford St ready to alleviate the frustrations of street parking! 558 E Main St presents a unique chance to inexpensively build up your rental income, so don't miss out. Take the 3D Tour of each unit and schedule your showing before it's too late!

Location

State PA

County Montgomery

Area Norristown Boro (10613)

Zoning C - RETAIL, OFFICE, APTS.

Interior

Hot Water S/W Changeover

Heating Hot Water

Cooling Window Unit(s)

Flooring Carpet, Ceramic Tile

Heat Source Oil

Exterior

Garage Spaces 6.0

Waterfront N

Water Access N

Accessibility None

Parking Type Parking Lot

Total Parking Spaces 6

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

High Schools Norristown Area

School District Norristown Area

Others

Tax ID 13-00-21616-007

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Financing Cash,Conventional,Other

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Michael J Marchese • Coldwell Banker Realty
Bought with Steven Wynn • EXP Realty, LLC
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