$325,000
$375,000
13.3%For more information regarding the value of a property, please contact us for a free consultation.
3,412 SqFt
SOLD DATE : 02/09/2024
Key Details
Sold Price $325,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 3,412 sqft
Price per Sqft $95
MLS Listing ID PAMC2090972
Sold Date 02/09/24
Originating Board BRIGHT
Year Built 1935
Annual Tax Amount $6,649
Tax Year 2022
Lot Size 2,000 Sqft
Acres 0.05
Lot Dimensions 20.00 x 0.00
Property Description
1001 Stanbridge Street is an impressive corner property with a beautiful stone facade. This is a prime opportunity for investors, or a savvy house hacker looking to live in one unit and rent the others out! Property is a fully rented 3-Unit Mixed-Use building nestled in the heart of Norristown. First floor is a commercial space, currently being used as a beauty salon (but could be an office, retail space etc.). Current tenant is long-term (over ten years). 2nd floor is a 1 bed/ 1 bath apartment that does have section 8 approval. 3rd floor is a 2 bed / 1 bath apartment (long term tenants, over 5 years, currently month-to-month). Each unit is huge… over 1,000 square feet! The property has been well cared for, and the owner has maintained the rental license & updated lead paint certifications. This puts you in the best position for a smooth and expedited settlement. All 3 units are rented, generating a total of $3,200 in monthly income. Norristown is investing so much into community improvement. The location is also very convenient to access. All units have separate electric and heat. NEW sewer line. Charming front yard space (courtyard) and a resealed front driveway. Floor plans are provided in the photos. The best part? Another wonderful income-producing property on the same street is also available for sale. 923-925 Stanbridge St is a 6-unit garden apartment building (fully rented with long term tenants, generating $6,000 in monthly income). Add both of these great properties to your portfolio for a package deal price of $1,000,000!
Location
State PA
County Montgomery
Area Norristown Boro (10613)
Zoning 4100 MIX
Interior
Hot Water Natural Gas
Heating Hot Water, Radiator, Steam, Baseboard - Electric
Cooling Wall Unit
Heat Source Natural Gas, Electric
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Norristown Area
Others
Tax ID 13-00-35684-006
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Susan Proud • HomeSmart Nexus Realty Group - Blue Bell
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "