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  • $300,000

    1016 W Main St, Norristown, PA 19401

    4beds
    3baths
    2,662sqft
    Triplex
    Built in 1900
    -- sqft lot
    $354,800 Zestimate®
    $113/sqft
    $-- HOA

    What's special

    Excellent Investment Opportunity for a three-unit property for sale! Unlock the potential for lucrative returns with this incredible investment property that’s now available in Norristown for sale. Ideal for seasoned investors or first-time buyers looking to generate passive income, this property offers a secure and promising investment opportunity. With all the units rented out, you can maximize your earning potential and build long-term wealth. Don’t miss out on this chance to add a valuable asset to your portfolio! Leverage the rental market demand and benefit from multiple streams of passive income. There is a versatile unit configuration, each unit within this property offers its own unique configuration, providing flexibility to suit different rental preferences and market needs. The diverse layout caters to a wide range of potential tenants. The first floor one bedroom unit is rented for $1,000.00 per month and the tenant’s lease expires September 15th, 2023. The second floor unit is a 2 bedroom unit and rents for $1,000.00 and the lease expires on Currently a long-term tenant on the third floor and rent is $700.00, the lease expires May 31, 2024. Invest with confidence knowing that real estate remains a stable and secure investment option. Diversify your portfolio and hedge against market volatility with a tangible asset that has the potential for long-term growth and income stability. Seize the chance!

    Zillow last checked: 7 hours ago

    Listing updated: August 28, 2023 at 05:01pm

    Listed by:

    Connie Brady 610-633-5908,

    RE/MAX Central - Blue Bell

    Bought with:

    Mike Coleman, RS310859

    Keller Williams Realty Devon-Wayne

    Source: Bright MLS,MLS#: PAMC2073802MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    Basement
    • Area: 0
    Heating
    • Radiator, Oil
    Cooling
    • None
    Appliances
    • Included: Water Heater
    Features
    • Basement: Concrete
    • Has fireplace: No
    Interior area
    • Total structure area: 2,662
    • Total interior livable area: 2,662 sqft

    Property

    Parking
    • Parking features: On Street
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Pool features: None
    Lot
    • Size: 4,000 sqft
    • Dimensions: 20.00 x 0.00
    • Features: Level
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 130022764002
    • Zoning: RO
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Colonial
    • Property subtype: Triplex
    Materials
    • Brick
    • Foundation: Stone
    • Roof: Pitched
    Condition
    • New construction: No
    • Year built: 1900

    Utilities & green energy

    • Electric: 100 Amp Service
    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Norristown
    • Subdivision: Norristown
    • Municipality: NORRISTOWN BORO

    HOA & financial

    Other financial information
    • Total actual rent: 32400

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Income includes: Apartment Rentals
    • Listing terms: Conventional
    • Ownership: Fee Simple
    Services availability
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