West Norriton, PA 19403,2011 W MAIN ST
West Norriton, PA 19403,2011 W MAIN ST
West Norriton, PA 19403,2011 W MAIN ST
West Norriton, PA 19403,2011 W MAIN ST
West Norriton, PA 19403,2011 W MAIN ST
West Norriton, PA 19403,2011 W MAIN ST
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$540,000

$575,000

6.1%
Est.Price: ?

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Est. payment /mo

0.81 Acres Lot


SOLD DATE : 05/19/2017

Key Details

Sold Price $540,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Subdivision None Available

MLS Listing ID 1003482841

Sold Date 05/19/17

HOA Y/N N

Originating Board TREND

Year Built 1920

Annual Tax Amount $8,652

Tax Year 2017

Lot Size 0.808 Acres

Acres 0.81

Lot Dimensions 74 X 3 X 476 X 2

Property Description

2011 W. Main, W. Norriton is located in the heart of the business district of W. Norriton as you leave Norristown en route to Eaglesville and points north. Its 2 buildings yield about 4,000 SF; the main building, 2,750 SF and cottage, 1,200 SF. Property offers a good investment of 4 apartments in the front building plus a second building to the rear in a quiet setting. The stand-alone cottage apartment building boasts 3 garages that can be rented separately--a rare find in this area of town at reasonable rental rates. An estimated half acre in the very back of the property offers additional investment opportunity for about 6 more units or related expansion. The 4 units in the front building are 1 bedroom, 1 bath and the cottage has 3 bedrooms, 2 baths,kitchen, living and dining room--a spacious and much-sought after rental. Units are fully leased and easily rentable. Residents have back yard use for picnics, etc. and ample parking on site for vehicles. Units yield over 61.5K annual income; low expenses plus investment potential on half acre. 2011 W. Main is being sold separately and can be sold with listing 2009 W. Main directly next to it (MLS 6889732), yielding an additional 2 more units (see 2009 W. Main listing) Heart of the main commercial district in W. Norriton. High traffic count, visibility and signage to attract rental opportunities.

Location

State PA

County Montgomery

Area West Norriton Twp (10663)

Zoning C

Rooms

Other Rooms Primary Bedroom

Interior

Hot Water Oil, Natural Gas

Flooring Tile/Brick, Wood, Carpet, Vinyl

Fireplace N

Heat Source Natural Gas, Oil

Exterior

Utilities Available Water Available, Sewer Available, Electric Available, Cable TV Available, Above Ground

Waterfront N

Water Access N

Roof Type Pitched,Shingle

Road Frontage Boro/Township

Parking Type None

Garage N

Building

Building Description Other, Ceiling Fans,Fire Escape,Security Lighting

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Structure Type Other

New Construction N

Schools

School District Norristown Area

Others

Tax ID 63-00-06883-002

Ownership Fee Simple

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional

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Bright MLS (BMLS)
Listed by Virginia E Scarano • Aptcor Commercial Realtors
Bought with Dan Borowiec • RE/MAX Professional Realty
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