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If you are looking for an easy investment without the headaches of doing repairs, remodeling and trying to find tenants, than here it is! With 3 stories and over 3,000 square feet this commercial/mixed use property is for you. Both units are occupied and tenants would like to stay. Utilities are separately metered. Currently the building is bringing in a net income of nearly 25k a year. With market rent for the apartment, the building could produce about a 7.5% return on investment. If you have a different vision for this property's use, don't fear, there are no lengthy leases in place. This could be a great place to live and run a business or whatever you choose to do. The street has a high traffic count and the lot can accommodate 12 vehicle parking. Starting with the first floor, we have an upscale working salon with reception and waiting area, multiple stations, therapy rooms, office, powder room and galley style kitchenette. There is also another office in the basement which happens to be dry and kept neat along with the utilities and storage area. For additional storage there is a shed in the back of the parking lot. The 2nd floor, 3 bedroom apartment is accessed from the rear staircase, which brings you to a large rear deck. There are two glass doors that lead you to the living room with a gas fireplace and sizable modern kitchen along with powder room. The third floor has a full bathroom nestled between the bedrooms that have vaulted ceilings and skylights. Everything is up to code as the fire Marshall recently did an inspection. Property has been kept in great condition. Buy with confidence!
Property Type(s):
Multi Family
| Last Updated | 11/19/2024 | Year Built | 1930 |
|---|---|---|---|
| Community | East Norriton Twp (10633) | County | MONTGOMERY |
SCHOOLS
| School District | NORRISTOWN AREA |
|---|
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | East Norriton Twp (10633) |
| CONSTRUCTION | Brick, Stucco, Vinyl Siding |
| FIREPLACE | Yes |
| HEAT | Forced Air, Natural Gas |
| LOT | 10454 sq ft |
| LOT DIMENSIONS | 69.00 x 0.00 |
| SEWER | Public Sewer |
| STORIES | 3 |
| STYLE | Other, Unit/Flat |
| TAXES | 8140 |
| WATER | Public |
Location
Listing provided by Coldwell Banker Realty
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Data last updated: 1/9/25 11:37 PM PST
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