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1320 W Main Street, Norristown, PA 19401
$190,000
1320 W Main Street, Norristown, PA 19401View this property at 1320 W Main Street, Norristown, PA 19401
1320 W Main StreetNorristownPA19401
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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.
Full Property Details
Full Property Details for 1320 W Main St
General
- Sold For: $190,000
- Taxes: $6,121 (2021)
- Status: Closed
- Type: Duplex
- MLS ID: PAMC2010858
- Added to Site: 975 day(s) ago
Interior
- Interior Features: Built-Ins, Ceiling Fan(s), Entry Level Bedroom, Kitchen - Eat-In, Tub Shower, Wood Floors
- Flooring: Hardwood, Ceramic Tile, Laminated
Additional Information
- Security/Safety: Smoke Detector, Carbon Monoxide Detector(s)
Exterior
- Exterior Features: Exterior Lighting, Sidewalks, Street Lights
- Porch/Patio/Deck: Patio(s), Porch(es), Roof
Parking
- Total Spaces: 4
- Parking Type: Driveway
Location
- Area: Norristown Boro (10613)
- Municipality: NORRISTOWN BORO
- County: Montgomery
- Development Name: Norristown
- Subdivision: Norristown
- Cross Streets: Forrest
- Driving Directions: From Collegeville East on Ridge Pike house on R. Between Forrest and Hartranft
- Location Details: Suburban
School Information
- School District: Norristown Area
- High School: Norristown Area
Heating & Cooling
- Cooling Type: Ceiling Fan(s)
- Cooling Fuel: Electric
- Heating Type: Baseboard - Electric, Steam, Forced Air
- Heating Fuel: Natural Gas, Electric
- Water Heater: Electric, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Other
- Architectural Style: Other
- Structure Type: Twin/Semi-Detached
- Construction: Brick, Masonry
- Basement: Yes
- Basement Desc.: Unfinished
- Foundation: Stone
- Stories/Levels: 0
- Square Feet: 2,521
- Sq. Ft. Source: Estimated
- Living Area: 2,521 Sq. Ft.
- Finished Above Grnd: 2,521 Sq. Ft.
- Year Built: 1910
- Year Built Source: Estimated
Unit Information
- 2 Bedroom Units: 1
- 3 Bedroom Units: 1
Lot Features
- Property View: Garden/Lawn, Street
- Lot Size (Acres): 0.11
- Lot Size (Sq. Ft.): 5,000
- Lot Size Source: Estimated
- Lot Dimensions: 215 x 25
- Zoning: RES
Financial Considerations
- Price Per Sq. Ft.: $83.3
- Assessment Year: 2021
- School Tax: $4,092
- City/TownTax: $1,654
- City/TownTax Freq: Annually
- County Tax: $375
- County Tax Freq: Annually
- Tax w/Assessment: $103,350
- Tax Amount: $6,121
- Tax Year: 2021
- Terms: Standard Sale
- Owner Pays: Insurance, Sewer, Taxes - Real Estate, Water
- Landlord Pays: Insurance, Sewer, Taxes - Real Estate, Water
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
- Lot Number: 12
Listed and Sold by Springer Realty Group, Gregory Martire
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Schools
Schools serving 1320 W Main St
School District:Norristown Area School District
Rating | Name | Grades | Distance |
---|---|---|---|
1900 Eagle Dr, Norristown, PA 19403 | 9-12 | 1.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1320 W Main St
Date
Details
Price
Change
Source
3/01/2022
Sold
$190,000
-9.52%
MLS
1/10/2022
Price Reduced
$210,000
-2.33%
MLS
12/09/2021
Price Reduced
$215,000
-2.23%
MLS
11/22/2021
Price Reduced
$219,900
-4.35%
MLS
11/19/2021
Price Reduced
$229,900
-0.04%
MLS
9/09/2021
Listed
$230,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1320 W Main Street, Norristown, PA 19401 (MLS# PAMC2010858) is a Duplex property that was sold at $190,000 on March 01, 2022. Want to learn more about 1320 W Main Street? Do you have questions about finding other Duplex real estate for sale in Norristown? You can browse all Norristown real estate or contact a Coldwell Banker agent to request more information.