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$300,000

  • Sold
  • Closed
  • Triplex
  • 2,662 Sq. Ft.
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Excellent Investment Opportunity for a three-unit property for sale! Unlock the potential for lucrative returns with this incredible investment property that's now available in Norristown for sale. Ideal for seasoned investors or first-time buyers looking to generate passive income, this property offers a secure and promising investment opportunity. With all the units rented out, you can maximize your earning potential and build long-term wealth. Don't miss out on this chance to add a valuable asset to your portfolio! Leverage the rental market demand and benefit from multiple streams of passive income. There is a versatile unit configuration, each unit within this property offers its own unique configuration, providing flexibility to suit different rental preferences and market needs. The diverse layout caters to a wide range of potential tenants. The first floor one bedroom unit is rented for $1,000.00 per month and the tenant's lease expires September 15th, 2023. The second floor unit is a 2 bedroom unit and rents for $1,000.00 and the lease expires on Currently a long-term tenant on the third floor and rent is $700.00, the lease expires May 31, 2024. Invest with confidence knowing that real estate remains a stable and secure investment option. Diversify your portfolio and hedge against market volatility with a tangible asset that has the potential for long-term growth and income stability. Seize the chance!

Full Property Details for 1016 W Main St

General

  • Sold For: $300,000
  • Taxes: $4,657 (2022)
  • Status: Closed
  • Type: Triplex
  • Source: BrightMLSPhilly
  • MLS ID: PAMC2073802
  • Added to Site: 992 day(s) ago

Parking

  • Parking Type: On Street

Location

  • Area: Norristown Boro (10613)
  • Municipality: NORRISTOWN BORO
  • County: Montgomery
  • Development Name: Norristown
  • Subdivision: Norristown
  • Cross Streets: Buttonwood
  • Driving Directions: From Main Street and DeKalb (Route 202) go West on Main Street to property on the Left

School Information

  • School District: Norristown Area
  • High School: Norristown Area

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Radiator
  • Heating Fuel: Oil
  • Water Heater: Oil

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Info: Colonial
  • Architectural Style: Colonial
  • Structure Type: Twin/Semi-Detached
  • Construction: Brick
  • Basement: Yes
  • Basement Desc.: Poured Concrete
  • Foundation: Stone
  • Roof: Pitched
  • Stories/Levels: 0
  • Square Feet: 2,662
  • Sq. Ft. Source: Assessor
  • Living Area: 2,662 Sq. Ft.
  • Finished Above Grnd: 2,662 Sq. Ft.
  • Year Built: 1900
  • Year Built Source: Assessor

Unit Information

  • Other Units: Unit 1, Unit 2, Unit 3
  • 1 Bedroom Units: 2
  • 2 Bedroom Units: 1

Unit 1

  • Unit Description: Unit 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Unit Description: Unit 2
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Unit Description: Unit 3
  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.09
  • Lot Size (Sq. Ft.): 4,000
  • Lot Size Source: Assessor
  • Lot Dimensions: 20.00 x 0.00
  • Lot Features: Level
  • Zoning: RO
  • Lot Description: Level

Financial Considerations

  • Price Per Sq. Ft.: $122.09
  • Operating Expenses: $4,520
  • Assessment Year: 2023
  • School Tax: $3,031
  • City/TownTax: $1,301
  • City/TownTax Freq: Annually
  • County Tax: $324
  • County Tax Freq: Annually
  • Tax w/Assessment: $76,560
  • Tax Amount: $4,657
  • Tax Year: 2022
  • Terms: Standard Sale
  • Owner Pays: Advertising/Licenses and Permits, Heater Maintenance Contract, Insurance, Repairs, Sewer, Sewer Maintenance, Taxes - Real Estate, Water
  • Landlord Pays: Advertising/Licenses and Permits, Heater Maintenance Contract, Insurance, Repairs, Sewer, Sewer Maintenance, Taxes - Real Estate, Water
  • Tax Total Finished Sq. Ft.: 2662

Disclosures and Reports

  • Ownership: Fee Simple
  • Lot Number: 40

Listed by RE/MAX Central - Blue Bell, Connie Brady
Sold by Keller Williams Realty Devon-Wayne, Michael Coleman

Listing agent

— 1016 W Main St —

  • Connie Brady

    RE/MAX Central - Blue Bell

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1016 W Main St

School District:Norristown Area School District
NameGradesDistance
Stewart Middle School
1315 West Marshall Street, Norristown, PA 19401
5-80.4 mi
Whitehall El School
399 North Whitehall Road, Norristown, PA 19403
K-41.6 mi
East Norriton Middle School
330 Roland Dr, Norristown, PA 19401
5-83 mi
Norristown Area High School
1900 Eagle Drive, Norristown, PA 19403
9-121.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1016 W Main St

Date
Details
Price
Change
Source
8/28/2023
Sold
$300,000
-7.69%
MLS
6/04/2023
Listed
$325,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by RE/MAX Central - Blue Bell, Connie Brady
Sold by Keller Williams Realty Devon-Wayne, Michael Coleman

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1016 W Main Street, Norristown, PA 19401 (MLS# PAMC2073802) is a Triplex property that was sold at $300,000 on August 28, 2023. Want to learn more about 1016 W Main Street? Do you have questions about finding other Triplex real estate for sale in Norristown? You can browse all Norristown real estate or contact a Coldwell Banker agent to request more information.