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326 Cherry Street, Norristown, PA 19401
$245,000
326 Cherry Street, Norristown, PA 19401View this property at 326 Cherry Street, Norristown, PA 19401
326 Cherry StreetNorristownPA19401
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Property Description
326 Cherry Street is prime for long term appreciation. This turnkey duplex sits just one block from the $415 million Montgomery County Justice Center project at the heart of Norristown's revitalization effort. Unit 1 is a one bedroom apartment with plenty of light. Upstairs, Unit 2 is a bi-level 2 bedroom with a massive living room, dining room and 2 upstairs bedrooms. Both units have access to a shared backyard. The property has undergone significant repairs in recent months, including upgrades to the electrical system, plumbing and the addition of a window in the first floor bedroom to comply with Norristown 's new fire safety standards. Unit 2 was recently turned over and is ready for a new tenant. Market rent for this unit is $1500 and a long term tenant downstairs pays $985. Pro forma rent: $2,485. The 1% rule is in full effect here making 326 Cherry n excellent addition to any investor's portfolio. Schedule your showing today.
Full Property Details
Full Property Details for 326 Cherry St
General
- Price: $245,000
- Taxes: $2,541 (2024)
- Status: Active
- Type: Duplex
- MLS ID: PAMC2105268
- Updated: 6/1/2024
- Added to Site: 13 day(s) ago
Interior
- Flooring: Luxury Vinyl Plank
Parking
- Parking Type: On Street
Location
- Area: Norristown Boro (10613)
- Municipality: NORRISTOWN BORO
- County: Montgomery
- Development Name: Norristown
- Subdivision: Norristown
- Cross Streets: W. Penn
- Driving Directions: Use GPS
School Information
- School District: Norristown Area
Heating & Cooling
- Cooling Type: Wall Unit
- Heating Type: Baseboard - Electric
- Heating Fuel: Electric
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Natural Gas Available, Electric Available
Structural Information
- Architectural Info: Other
- Architectural Style: Other
- Structure Type: Interior Row/Townhouse
- Construction: Brick
- Basement: Yes
- Basement Desc.: Full
- Foundation: Stone
- Roof: Flat
- Stories/Levels: 0
- Square Feet: 1,896
- Sq. Ft. Source: Assessor
- Living Area: 1,896 Sq. Ft.
- Finished Above Grnd: 1,896 Sq. Ft.
- Year Built: 1850
- Year Built Source: Assessor
- Property Condition: Average
Unit Information
- Other Units: Unit 1, Unit 2
- 2 Bedroom Units: 1
Unit 1
- Unit Description: Unit 1
- Bedrooms: 1
Unit 2
- Unit Description: Unit 2
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.02
- Lot Size (Sq. Ft.): 976
- Lot Size Source: Assessor
- Lot Dimensions: 16.00 x 0.00
- Zoning: TC
Financial Considerations
- Price Per Sq. Ft.: $129.22
- Assessment Year: 2024
- School Tax: $1,616
- City/TownTax: $711
- City/TownTax Freq: Annually
- County Tax: $197
- County Tax Freq: Annually
- Tax w/Assessment: $41,230
- Tax Amount: $2,541
- Tax Year: 2024
- Tax Total Finished Sq. Ft.: 1896
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
- Lot Number: 24
Listed by KW Empower, Ryan McLaughlin
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Schools
Schools serving 326 Cherry St
School District:Norristown Area School District
Rating | Name | Grades | Distance |
---|---|---|---|
1315 W Marshall St, Norristown, PA 19401 | 5-8 | 1 mi | |
399 N Whitehall Rd, Norristown, PA 19403 | K-4 | 2.1 mi | |
330 Roland Dr, Norristown, PA 19401 | 5-8 | 2.9 mi | |
1900 Eagle Dr, Norristown, PA 19403 | 9-12 | 2.3 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 326 Cherry St
Date
Details
Price
Change
Source
5/21/2024
Listed
$245,000
124.77%
MLS
5/25/2018
Sold
$109,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 326 Cherry St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,530
1%
$41,230
—
2022
$2,508
2%
$41,230
—
2021
$2,454
2%
$41,230
—
2020
$2,400
3%
$41,230
—
2020
$2,330
2%
$41,230
—
2019
$2,287
2%
$41,230
—
2018
$2,244
7%
$41,230
—
2017
$2,100
3%
$41,230
—
2016
$2,034
2%
$41,230
—
2015
$1,997
4%
$41,230
—
2014
$1,914
—
$41,230
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 326 Cherry St
326 Cherry Street, Norristown, PA 19401 (MLS# PAMC2105268) is a Duplex property with 0 bedrooms and 0 full bathrooms. 326 Cherry Street is currently listed for $245,000 and was received on May 21, 2024. Want to learn more about 326 Cherry 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.