$325,000
$335,000
3.0%For more information regarding the value of a property, please contact us for a free consultation.
4,760 Sqft Lot
SOLD DATE : 09/30/2016
Key Details
Sold Price $325,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision None Available
MLS Listing ID 1002445034
Sold Date 09/30/16
HOA Y/N N
Originating Board TREND
Year Built 1900
Annual Tax Amount $3,791
Tax Year 2016
Lot Size 4,760 Sqft
Acres 0.11
Lot Dimensions 34
Property Description
Fully occupied 6 unit with long term tenants. Four units in front building, Two units in rear building. Excellent cash flow for any investor. Current rents are below market value. Tenants pay their own heat/electrical/gas. The property is located in a prime location close to Septa Regional rail, near highways 422, 202, I76, PA Turnpike (I276). Gross Annual Income:$54,996; Total Annual Expense:$10,528; Net Operating Income: $44,468; Capitilalization Rate: 13.3; Heating: $0; Electric: $0; WST: $4,823; Insurance: $2,005; Taxes: $3,700. Unit 1-Efficiency, 1 Full Bath-$565/Month; Unit 2-2BR, 1 Full Bath-$900/Month; Unit 3-Efficiency-$545/Month; Unit 4-1BR, 1 Full Bath-$750/Month; Unit 5-2BR, 1 Full Bath-$973/Month; Unit 6-2BR, 1 Full Bath-$850/Month
Location
State PA
County Montgomery
Area Norristown Boro (10613)
Zoning NC
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water Natural Gas, Electric
Flooring Wood, Carpet, Vinyl
Fireplace N
Heat Source Natural Gas, Electric
Exterior
Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available
Waterfront N
Water Access N
Road Frontage Boro/Township
Parking Type Parking Lot
Garage N
Building
Building Description Other,Plaster Walls, Private Restrooms
Foundation Concrete Perimeter, Brick/Mortar
Sewer Public Sewer
Water Public
Structure Type Other,Plaster Walls
New Construction N
Schools
School District Norristown Area
Others
Tax ID 13-00-25156-004
Ownership Fee Simple
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
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