40.12275 -75.36197

1320 W MAIN ST NORRISTOWN, PA 19401

302922504 40.12275 -75.36197 230 /listing/302922504-150277124/1320-w-main-st-norristown-pa-19401 False 0 210000.0 2521 105 PAMC2010858 False
  • $210,000
  • 2,521 sqft
  • 0.11 lot
  • Est payment $1127.33/mo

Property & Neighborhood Info

Courtesy Of Springer Realty Group

Multi Family in NORRISTOWN

Excellent CAP rate! See Profit and Loss math below. High income producing property with extremely low bills & great POSITIVE cash-flow with a front and rear yard, rear parking, private entrances and more. the front entrance leads to the 2nd floor unit that features a large kitchen, two bedrooms and a full bath with a third bedroom on the 3rd floor. Around the side you will find the entrance to the 1st floor unit. This unit has been updated and features a small living room followed by two bedrooms, kitchen, tile bathroom and access to the walkout basement. Very low maintenance w/great on-time paying tenants in place. Rent income potentially produces $2,800+ positive cash-flow per month or $24K+ per year after all expenses! ALL utilities separated. Each unit pays for their own heat, hot water, electricity & cooking. Owner pays ONLY Water/Sewer ($1,920/year), Common Lights ($60/year), Insurance ($800/year) & Taxes ($6121/year). Unit 1 (3BR) $1,500/mo ($18,000/year). Unit 2 (2BR) $1,300/mo ($15,600/year). P&L Math: Rents:1,500+1,300=$2,800 per month gross income. $2,800x12 (months) = $33,600 -$2,780 (Water/Sewer/Common Lights) -$800 (Insurance) -$6,121 Taxes = $23,899 positive cash flow.

Courtesy Of Springer Realty Group
  1. 2,521 Sq. Ft.
  2. 0.11 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1910
  • Garage: 4.0
  • School District3: NORRISTOWN AREA
  • School District: NORRISTOWN AREA
  • County: MONTGOMERY
  • Taxes: $6,121.00
  • Tax Year: 2021
  • Units: 2
  • Subdivision: Norristown
  • MLS Number:PAMC2010858

Additional Features

  • Air Conditioning:
    • No
  • Cooling:
    • Ceiling Fan(s)
  • Cooling Fuel:
    • Electric
  • Flooring:
    • Ceramic Tile
    • Hardwood
    • Laminated
  • Interior Features:
    • Built-Ins
    • Ceiling Fan(s)
    • Entry Level Bedroom
    • Kitchen - Eat-In
    • Tub Shower
    • Wood Floors
  • Water Heater:
    • Electric
    • Natural Gas
  • Fireplace Y/N:
    • No
  • Location:
    • Suburban
  • New Construction:
    • No
  • View:
    • Garden/Lawn
    • Street
  • Water Source:
    • Public
  • Foundation:
    • Stone
  • Exterior Features:
    • Exterior Lighting
    • Sidewalks
    • Street Lights
  • Lot SF Source:
    • Estimated
  • Waterfront:
    • No
  • Porch/Patio/Deck:
    • Patio(s)
    • Porch(es)
    • Roof
  • Heating:
    • Baseboard - Electric
    • Forced Air
    • Steam
  • Heating Fuel:
    • Electric
    • Natural Gas
  • Sewer:
    • Public Sewer
  • Security Features:
    • Carbon Monoxide Detector(s)
    • Smoke Detector
  • Municipality:
    • NORRISTOWN BORO
  • Water Access:
    • No
  • Financing:
    • Cash
    • Conventional
    • FHA
    • VA
  • List Type (Exclusive):
    • Exclusive Right
  • Owner Pays:
    • Insurance
    • Sewer
    • Taxes - Real Estate
    • Water
  • Rental Features:
    • No
  • Assessment Year:
    • 2021
  • MLSSystem ID:
    • BRIGHT
  • Possession:
    • 0-30 Days CD
    • Settlement
  • Price Per SQFT:
    • 83.30
  • Sourced By:
    • Bright MLS
  • Total Parking Spaces:
    • 4
  • Unit 1 Bed Total Units:
    • 0
Neighborhood info courtesy of Homes.com © 2022

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Cinnamon Boffa
Cinnamon Boffa
Realtor
1955 Street Rd Bensalem Center Bensalem PA 19020
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40.12275 -75.36197

1320 W MAIN ST NORRISTOWN, PA 19401

302922504 40.12275 -75.36197 230 /listing/302922504-150277124/1320-w-main-st-norristown-pa-19401 False 0 210000.0 2521 105 PAMC2010858 False
  • $210,000
  • 2,521 sqft
  • 0.11 lot
  • Est payment $1127.33/mo