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    501-503 George Street

    NORRISTOWN, PA 19401
    • $307,777
    • STATUS: Closed
    • ON SITE: 339 days
    • ID#: PAMC629230
    Sold - 09/24/2020
    $307,777
    SOLD - 09/24/2020
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1900
    County:

    School Ratings & Info

    School District:

    Description

    This is a deal for a 6 unit 2 buildings legally zoned side by side property that is broken thru to each building. All units are rented out with a total $5025 of monthly income! That cap rate is insane! Most tenants have over 10+ months left on the lease, with one with atleast a year. As is sale

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    ©2020 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 Murray & Co. Real Estate. 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: 2020-09-25T10:54:10.95.
    www.mcre.com/homes/100176213
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    501-503 George Street NORRISTOWN, PA 19401

    • Price: $300,000
    • Status: Closed
    • Updated: 74 min ago
    • ID#: PAMC629230
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1900
    Built
    Neighborhood:
    Norristown Boro (10613)
    County:
    Montgomery
    Area:
    Norristown Boro (10613)
    School District:
    Norristown Area
    Property Description
    This is a deal for a 6 unit 2 buildings legally zoned side by side property that is broken thru to each building. All units are rented out with a total $5025 of monthly income! That cap rate is insane! Most tenants have over 10+ months left on the lease, with one with atleast a year. As is sale
    Exterior Features

    Construction Materials Brick Garage YN No Parking Types On Street Riparian Rights YN No Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Building Area Total 5000.00 Cooling None Heating Forced Air Heating YN Yes Net Square Feet 5000.00

    Property Features

    Accessibility Features None Assessment Year 2020 Association YN No Business Type Apartment Building Buyer Financing Cash Central Air YN No Cooling Fuel None Gross Income 5025.00 Heating Fuel Electric Hot Water Natural Gas Incorporated City Name Norristown Boro Navigable Water YN N New Construction YN No Number Of Units Total 6 Original MLSNumber 302130573714 Ownership Interest Fee Simple Possession Immediate0-30 Days Cd31-60 Days Cd Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 4638.00 Tax Assessment Amount 79890.00 Tax Lot 038 Total Actual Rent 60300.00 Vacation Rental YN No Water Source Public Year Built Effective 2018 Zoning R2

    Listing courtesy of Re/Max Access.


    ©2020 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 Murray & Co. Real Estate. 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: 2020-09-25T10:54:10.95.
     
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    Frederick MD, 12345