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1320 W Main Street

NORRISTOWN, PA 19401
  • $219,900
  • STATUS: Active
  • ON SITE: 88 Days
  • ID#: PAMC2008824
$219,900
  • 5
    BEDS
  • 0.11
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,521
    SQFT
  • $87
    $/SQFT
Neighborhood:
Type:
Villa/Townhouse
Built:
1910
County:

School Information

High School:
School District:

Description

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.

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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Lux Living Group | eXp Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-12-06T23:50:09.143.
www.luxlivinggroup.com/homes/121265210
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1320 W Main Street NORRISTOWN, PA 19401

  • Price: $219,900
  • Status: Active
  • On Site: 88 Days
  • ID#: PAMC2008824
5
Beds
2
Baths
0
½ Baths
0.11
Acres
2,521
SQFT
$87
$/SQFT
1910
Built
Neighborhood:
Norristown
County:
Montgomery
Area:
Norristown Boro (10613)
High School:
Norristown Area
School District:
Norristown Area
Property Description
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.
Exterior Features

Architectural Style Other Construction Materials BrickMasonry Direction Faces Northeast Exterior Features Exterior LightingSidewalksStreet Lights Garage YN No Location Type Suburban Other Structures Above GradeBelow Grade Parking Types Driveway Patio And Porch Features Patio(S)Porch(Es)Roof Pool No Pool Riparian Rights YN No View Garden/LawnStreet Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2521 Basement Unfinished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Ceiling Fan(S) Fireplace YN No Flooring HardwoodCeramic TileLaminated Heating Baseboard - ElectricSteamForced Air Heating YN Yes Levels 2.5 Main Level Bedrooms 2 Pets Allowed No Pet Restrictions Room List Living RoomBedroom 3Bedroom 4Bedroom 5KitchenBasementBedroom 1Bathroom 1Bathroom 2 Security Features Smoke DetectorCarbon Monoxide Detector(S) Upper Level1 Bedrooms 2

Property Features

Acceptable Financing CashFhaVaConventional Accessibility Features None Assessment Year 2021 Association YN No Central Air YN No Condo YN No Cooling Fuel Electric Cross Street Forrest Entry Level 1 Foundation Details Stone Heating Fuel Natural GasElectric Hot Water ElectricNatural Gas Municipality Norristown Boro Navigable Water YN N New Construction YN No Original MLSNumber 800970470418 Ownership Interest Fee Simple Pets Allowed YN Yes Possession 0-30 Days CdSettlement Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Twin/Semi-Detached Tax Annual Amount 6121.00 Tax Assessment Amount 103350.00 Tax Lot 012 Transportation Airport Less Than 10 MilesBus Stop Less Than 1 MileCommuter Lots Less Than 5 MilesCommuter Rail Station Less Than 1 Mile Vacation Rental YN No Water Source Public Zoning Res

Listing courtesy of Springer Realty Group.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Lux Living Group | eXp Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-12-06T23:50:09.143.
 
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Lux Living Group | eXp Realty
1848 N Hancock, Ste C
Philadelphia PA, 19122