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Sold for $225,000 on 02/20/23
  • $225,000

    401 Walnut St, Norristown, PA 19401

    4beds
    --baths
    2,950sqft
    Multi Family
    Built in 1874
    -- sqft lot
    $333,600 Zestimate®
    $76/sqft
    $2,221 Estimated rent

    What's special

    Offer Deadline set for 2pm, Thursday January 19. Entrepreneur Alert! Here's an amazing opportunity for the savvy buyer. This is a perfect property for both the entrepreneur who uses Unit A as his/her office, lives in unit B, and uses unit C for their warehouse or, the investor who is looking for a building that actually cashflows in this high interest rate environment. (see attached estimated cash flow sheet.) Unit A consists of a 574 Sq ft space that would make a fantastic office, studio, meeting center etc.. Unit B consists of a large 3 bed 1 bath apartment. Unit C consists of a 380 Sq. ft garage/shop with a garage door, electric and a toilet/wash area. Pictures of Unit B will be uploaded next week. Seller has previously rented unit A for $1,000, Unit C for $400, and the current rent for Unit B is $1,300. Each unit has their own electric meter, and heating system.

    Zillow last checked: 7 hours ago

    Listing updated: March 15, 2023 at 09:54am

    Listed by:

    Chris Good 717-821-1610,

    Keller Williams Elite,

    Co-Listing Team: Esh & Associates, Co-Listing Agent: Benuel Esh 717-344-4480,

    Keller Williams Elite

    Bought with:

    Jim Israel, 2549478

    Compass RE

    Source: Bright MLS,MLS#: PAMC2061308MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    Heating
    • Heat Pump, Electric
    Cooling
    • Ductless, Electric
    Appliances
    • Included: Electric Water Heater
    Features
    • Has fireplace: No
    Interior area
    • Total structure area: 2,950
    • Total interior livable area: 2,950 sqft

    Property

    Parking
    • Parking features: On Street
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: Other
    Features
    • Pool features: None
    Lot
    • Size: 1,235 sqft
    • Dimensions: 16.00 x 0.00
    Details
    • Additional structures: Above Grade
    • Parcel number: 130037560002
    • Zoning: NEIGHBORHOOD COMMERCIAL
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Multi Family
    Materials
    • Other
    Condition
    • New construction: No
    • Year built: 1874

    Utilities & green energy

    • Electric: 100 Amp Service
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Natural Gas Available

    Community & neighborhood

    Location
    • Region: Norristown
    • Municipality: NORRISTOWN BORO

    Other

    Other facts
    • Listing agreement: Exclusive Agency
    • Listing terms: Cash,Conventional
    • Ownership: Fee Simple
    Services availability
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