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1223 W Main Street, Norristown, PA 19401

$185,000

  • Sold
  • Closed
  • Single Family
  • 2 Beds
  • 2 Full Baths
  • 1 Partial Bath
  • 2,248 Sq. Ft.
  • Updated 4 days ago
1223 W Main Street, Norristown, PA 19401View this property at 1223 W Main Street, Norristown, PA 19401
1223 W Main StreetNorristownPA19401

Map & Location

Street View

Property Description

This great investment property is on a highly visible corner of W. Main Street across from the CVS. The property has a great appeal to someone looking to live upstairs while covering half or more of the mortgage through rental income from the commercially zoned property by renting out the first floor. The property is zoned as commercial and the first floor is currently a successful hair salon. The salon is very well maintained and would take minimal change to convert it to another business. The first floor provides an open concept with plenty of windows and natural light. It has additional space in the back, which can be used for clients, customers or as a private office. There is also a waiting area and additional space for possible
merchandise or a private office as well as a half bath. The exterior is well maintained and provides five off street parking spaces as well as ample on street parking. The layout could provide many possibilities for other business such as a nail salon, offices, restaurant or many other possibilities which may be confirmed with the city. An owner can choose to live upstairs to eliminate their commute by renting both floors for additional cash flow. The upstairs is currently owner occupied however has been previously rented for 1,200 dollars a month. The upstairs has a private entrance with two bedrooms, two full baths, a living room, eat-in kitchen and a newly updated oversized deck. The basement is partially finished offering additional space for client meetings or an employee lounge while the unfinished portion provides a laundry area and additional storage. The business and apartment are currently sharing the utilities being owner occupied however they have separate meters and can be easily converted back eliminating any common area gas and electric expenses. The water and sewer are paid by owner as they are tied together however can be reduced drastically as the salon uses more water then average. This property has many possibilities and with low holding costs is worth a look for any investor or business owner looking for a new location on a highly visible corner in Norristown. Refer to MLS 6944828 for additional information on Operating Net Income and Return on Investment information for investment purposes.

Full Property Detailsfor 1223 W Main Street

General

  • Sold For: $185,000
  • Taxes: $4,151 (2018)
  • Status: Closed
  • Type: Single Family
  • MLS ID: 1000272853
  • Added: 403 day(s) ago

Property History

  • 1223 W Main Street, Norristown, PA
  • Sold at $185,000 on 4/16/18
  • Listed at $210,000 on 3/15/17

Business

  • Includes: Land Only

Interior

  • Rooms/Areas: Living Room, Master Bedroom, Kitchen, Family Room, Bedroom 1, Sun/Florida Room, Laundry, Other, Office
  • Interior Features: Master Bath(s), Butlers Pantry, CeilngFan(s), Kitchen - Eat-In
  • Appliances: Built-In Range, Disposal
  • Flooring: Wood, Fully Carpeted, Tile/Brick

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Floor Baths: 1
  • Main - 1/2 Baths: 1

Bedrooms

  • Total Bedrooms: 2
  • Master Bedroom: Master Bedroom, 29 x 15, Upper 3
  • Master Bedroom 2: Master Bedroom, Unspecified
  • Bedroom 1: Bedroom 1, 13 x 12, Upper 1

Other Rooms

  • Living Room: Living Room, 34 x 14, Main
  • Family Room: Family Room, 16 x 15, Upper 1
  • Kitchen: Kitchen - Kitchen - Electric Cooking, Pantry, Double Sink, 13 x 12, Upper 1
  • Office: Office, 12 x 12, Main
  • Sun Room: Yes
  • Sun Room/Solarium: Sun/Florida Room, 18 x 7, Main
  • Laundry: Basement, 21 x 14, Lower 3
  • Other Room 1: Other, 18 x 7, Main
  • Other Room 2: Other, 16 x 9, Main
  • Other Room 3: Other, 12 x 12, Main
  • Other Room 4: Other, 20 x 13, Upper 1

Exterior

  • Exterior Features: Sidewalks, Street Lights, Exterior Lighting
  • Porch/Patio/Deck: Deck(s), Balcony

Parking

  • Parking Features: Street, Private

Location

  • Area: Norristown Boro (10613)
  • County: Montgomery
  • Development Name: None Available
  • Subdivision: None Available
  • Cross Streets: Salem
  • Driving Directions: Across from CVS on the Corner of Salem and W. Main St.

School Information

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

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Heating Type: Gas, Radiator
  • Heating Fuel: Natural Gas
  • Water Heater: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Info: Other
  • Structure Type: Twin/Semi-Detached
  • Construction: Brick
  • Basement: Yes
  • Basement Desc.: Full
  • Foundation: Brick/Mortar
  • Roof: Pitched, Shingle
  • Walls/Ceilings: 9'+ Ceilings
  • Windows: Bay/Bow
  • Entry Location: Foyer
  • Stories Description: Lower 1, Main, Upper 1
  • Square Feet: 2,248
  • Sq. Ft. Source: Assessor
  • Living Area: 2,248 Sq. Ft.
  • Finished Above Grnd: 2,248 Sq. Ft.
  • Year Built: 1900
  • Year Built Source: Estimated
  • Property Condition: Average+

Additional Structures

  • Other Structures: Above Grade, Shed

Lot Features

  • Lot Size (Acres): 0.09
  • Lot Size (Sq. Ft.): 4,000
  • Lot Dimensions: 25
  • Lot Features: Corner, Level, Rear Yard
  • Zoning: RO
  • Lot Description: Corner, Level, Rear Yard

Financial Considerations

  • Price Per Sq. Ft.: $93.42
  • Tax w/Assessment: $76,260
  • Tax Amount: $4,151
  • Tax Year: 2018

Disclosures and Reports

  • Ownership: Fee Simple
  • Exclusions: All Salon Property And Equipment Is Excluded But Negotiable
  • Lot: 17

Listed by Keller Williams Realty Group, Shawn M Warman
Sold by Keller Williams Real Estate-Langhorne, Sharon K DeBernardo

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Schools

Schoolsserving 1223 W Main Street

School District:Norristown Area School District
School Name
Grades
Distance
Norristown Area High School
1900 Eagle Dr, Norristown, PA 19403
9-12
1.7 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

Community Info

Community Infofor 1223 W Main Street

Listed by Keller Williams Realty Group, Shawn M Warman
Sold by Keller Williams Real Estate-Langhorne, Sharon K DeBernardo

1223 W Main Street, Norristown, PA 19401 (MLS# 1000272853) is a Single Family property that was sold at $185,000 on April 16, 2018. Want to learn more about 1223 W Main Street? Do you have questions about finding other Single Family real estate for sale in Norristown? You can browse all Norristown real estate or contact a Coldwell Banker agent to request more information.