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329 W Johnson Highway

NORRISTOWN, PA 19401
  • $425,000
  • STATUS: Active
  • ON SITE: 13 Days
  • ID#: PAMC2123430
$425,000
  • 0
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1930
County:

School Ratings & Info

School District:

Description

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 propertys use, dont 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!

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©2024 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 Q2Living | Compass RE. 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: 2024-12-02T23:51:30.59.
www.q2living.com/homes/158018997
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329 W Johnson Highway NORRISTOWN, PA 19401

  • Price: $425,000
  • Status: Active
  • On Site: 13 Days
  • ID#: PAMC2123430
0
Beds
0
Baths
0
½ Baths
0.24
Acres
1930
Built
Neighborhood:
East Norriton Twp (10633)
County:
Montgomery
Area:
East Norriton Twp (10633)
School District:
Norristown Area
Property Description
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 propertys use, dont 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!
Exterior Features

Architectural Style OtherUnit/Flat Construction Materials BrickStuccoVinyl Siding Garage YN No Parking Features FencedPaved ParkingPrivate Parking Types Parking Lot Pool No Pool Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 0 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Exclusions Laser machineEsthetician EquipmentMicromistEsthetician Bed Fireplace YN Yes Fireplaces Total 1 Heating Forced Air Heating YN Yes Single Room Units 1 Three Bedroom Units 1 Two Bedroom Units 0

Property Features

Acceptable Financing CashConventional Accessibility Features None Central Air YN Yes Cooling Fuel Electric Existing Lease Type Gross Foundation Details Concrete Perimeter Gross Income 38400.00 Heating Fuel Natural Gas Hot Water Natural Gas Insurance Expense 3990.00 Maintenance Expense 200.00 Municipality EAST NORRITON TWP Navigable Water YN N Net Operating Income 24434.00 New Construction YN No Number Of Units Total 2 Operating Expense 13966.00 Operating Expense Includes InsuranceSnow RemovalTrash Original MLSNumber 803491679210 Owner Pays Advertising/Licenses and PermitsInsuranceRepairsSnow RemovalTaxes - Real EstateTrash CollectionWater Ownership Interest Fee Simple Property Sub Type Duplex Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 8140.00 Tax Lot 18 Total Actual Rent 38400.00 Trash Expense 456.00 Vacation Rental YN No Water Source Public Zoning C

Listing courtesy of Coldwell Banker Realty: .


©2024 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 Q2Living | Compass RE. 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: 2024-12-02T23:51:30.59.
 
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