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    558 E Main Street

    NORRISTOWN, PA 19401
    • $209,900
    • STATUS: Active
    • ON SITE: 46 days
    • ID#: PAMC2002490
    $209,900
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1900
    County:

    School Information

    High School:
    School District:

    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 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!

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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 The Lux Living Group | Keller Williams Main Line. 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: 2021-09-18T23:52:54.843.
    www.luxlivinggroup.com/homes/119997364
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    558 E Main Street NORRISTOWN, PA 19401

    • Price: $209,900
    • Status: Active
    • ID#: PAMC2002490
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    1900
    Built
    Neighborhood:
    Norristown Boro (10613)
    County:
    Montgomery
    Area:
    Norristown Boro (10613)
    High School:
    Norristown Area
    School District:
    Norristown Area
    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 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!
    Exterior Features

    Construction Materials Stucco Garage YN No Location Type Downtown Parking Features Private Parking Types Parking Lot Property Condition Good Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 3606.00 Cooling Window Unit(S) Exclusions Tenant Possessions. Flooring CarpetCeramic Tile Heating Hot Water Heating YN Yes Net Square Feet 3606.00

    Property Features

    Acceptable Financing CashConventionalOther Accessibility Features None Assessment Year 2021 Association YN No Business Type Apartment BuildingOther/General Retail Central Air YN No Cooling Fuel Electric Cross Street Ford St Gross Income 17100.00 Heating Fuel Oil Hot Water S/W Changeover Lease Considered YN No Municipality Norristown Boro Navigable Water YN N Net Operating Income 4765.72 New Construction YN No Number Of Units Total 3 Operating Expense 12334.28 Operating Expense Includes WaterSewerRepair/MaintenanceLandscapingSnow Removal Original MLSNumber 800815067648 Owner Pays Taxes - Real EstateWaterSewerRepairsLawn/Shrub CareSnow RemovalMiscellaneous Ownership Interest Fee Simple Possession SettlementNegotiable Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 3544.00 Tax Assessment Amount 59840.00 Tax Lot 048 Total Actual Rent 17100.00 Transportation Bus Stop Less Than 1 MileMetro/Subway Station 1 To 3 MilesCommuter Rail Station 1 To 5 Miles Vacation Rental YN No Water Source Public Zoning C - RetailOfficeApts. Zoning Description Mixed Use:(1) Commercial Storefront &(1) 1 Bedroom Residential Apartment &(1) 2 Bedroom Residential Apartment.

    Listing courtesy of Coldwell Banker Realty.


    ©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 The Lux Living Group | Keller Williams Main Line. 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: 2021-09-18T23:52:54.843.
     
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