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    1201 Arch Street

    NORRISTOWN, PA 19401
    • $179,990
    • STATUS: Active
    • ON SITE: 275 days
    • ID#: PAMC640412
    $179,990
    • 0
      BEDS
    • 0.05
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,500
      SQFT
    • $72
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1875
    County:

    School Ratings & Info

    School District:

    Description

    $30k in Projected Income | 2 units + 3 garages | Fully renovated | High Cashflow - Offered for sale is an exceptionally maintained mixed-use apartment building located steps to Dekalb Street in Norristown Borough. 1201 Arch Street is an ideal addition to an investor's portfolio or serves as an excellent owner-occupant building. This turnkey opportunity offers ground floor retail/office space with a separately entranced oversized two-bedroom apartment. The building was gut renovated ~10 years ago and features separately metered utilities, updated electrical service, new windows, maintained roof, and newer exterior and sidewalks. In addition, both the storefront and apartment were fully renovated in the last 4 years, with the apartment upgrades completed as recent as December 2019. Three garages, separated into two additional leasable units, are included on the property, a valuable amenity and revenue stream in this neighborhood. The asset will be delivered vacant, allowing a buyer to quickly and seamlessly lease-up the units in this highly desirable rental market; or utilize the turnkey building for their personal residence or business.

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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 Keller Williams 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: 2020-11-27T14:50:53.737.
    www.seeinsidethehouse.com/homes/103549703
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    1201 Arch Street NORRISTOWN, PA 19401

    • Price: $179,990
    • Status: Active
    • ID#: PAMC640412
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.05
    Acres
    2,500
    SQFT
    $72
    $/SQFT
    1875
    Built
    Neighborhood:
    Norristown Boro (10613)
    County:
    Montgomery
    Area:
    Norristown Boro (10613)
    School District:
    Norristown Area
    Property Description
    $30k in Projected Income | 2 units + 3 garages | Fully renovated | High Cashflow - Offered for sale is an exceptionally maintained mixed-use apartment building located steps to Dekalb Street in Norristown Borough. 1201 Arch Street is an ideal addition to an investor's portfolio or serves as an excellent owner-occupant building. This turnkey opportunity offers ground floor retail/office space with a separately entranced oversized two-bedroom apartment. The building was gut renovated ~10 years ago and features separately metered utilities, updated electrical service, new windows, maintained roof, and newer exterior and sidewalks. In addition, both the storefront and apartment were fully renovated in the last 4 years, with the apartment upgrades completed as recent as December 2019. Three garages, separated into two additional leasable units, are included on the property, a valuable amenity and revenue stream in this neighborhood. The asset will be delivered vacant, allowing a buyer to quickly and seamlessly lease-up the units in this highly desirable rental market; or utilize the turnkey building for their personal residence or business.
    Exterior Features

    Architectural Style Straight Thru Construction Materials BlockBrick Garage Spaces 3.00 Garage Type OversizedGarage - Front EntryCovered Parking Garage YN Yes Other Structures Above GradeBelow Grade Parking Types Detached Garage Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 2500 Basement Full Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Other Exclusions Personal And Tenant Belongings Fireplace YN No Fireplaces Total 0 Flooring CarpetLaminatedVinyl Heating None Single Room Units 0 Spa YN No Three Bedroom Units 0 Two Bedroom Units 1

    Property Features

    Acceptable Financing CashConventionalFhaPrivateOther Accessibility Features None Assessment Year 2020 Association YN No Central Air YN No Cooling Fuel Electric Ground Rent Payment Frequency Annually Heating Fuel Electric Hot Water Electric Incorporated City Name Norristown Boro Navigable Water YN N New Construction YN No Number Of Units Total 2 Number Of Units Vacant 2 Original MLSNumber 304039551443 Owner Pays Taxes - Real EstateWaterSewerInsurance Ownership Interest Fee Simple Possession Immediate Property Sub Type Duplex Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 3937.00 Tax Assessment Amount 69310.00 Tax Lot 075 Total Actual Rent 30000.00 Vacation Rental YN No Water Source Public Year Built Effective 2019 Zoning R2

    Listing courtesy of Kw Commercial.


    ©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 Keller Williams 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: 2020-11-27T14:50:53.737.
     
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    6 State Route 173, Suite 202
    Clinton NJ, 08809