1020 West Main Street

Norristown, PA 19401

$265,000
Last Sold Price
Beds
2,974 Sq. Ft.
$89 / Sq. Ft.
2,974
Sq. Ft.
$89
per Sq. Ft.

Description

CALLING ALL NORRISTOWN INVESTORS: This well maintained oversized 3 unit triplex is an ideal investment property. This building has been well-kept by a local professional property management company and is extremely low-maintenance. All 3 residential units are currently occupied with the following rent amounts: Unit 1 rented until 11/30/2021 for $1,195/month Unit 2 rented until 4/30/2022 for $1,045/month Unit 3 rented until 9/30/2021 for $915/month. Separate electric meters and hot water heaters....CALLING ALL NORRISTOWN INVESTORS: This well maintained oversized 3 unit triplex is an ideal investment property. This building has been well-kept by a local professional property management company and is extremely low-maintenance. All 3 residential units are currently occupied with the following rent amounts: Unit 1 rented until 11/30/2021 for $1,195/month Unit 2 rented until 4/30/2022 for $1,045/month Unit 3 rented until 9/30/2021 for $915/month. Separate electric meters and hot water heaters. This investment opportunity comes at a 9.0 cap rate, so if you are in search of a solid ROI, look no further. Don't miss your opportunity at this fantastic investment property. Property is being sold as is. Buyer is responsible for the U & O.

Property Details for 1020 West Main Street

Tax ID Number
13-00-22768-007
Ownership
Fee Simple
HOA
No
Structure Type
Twin/Semi-Detached
Style
Colonial
Waterfront
No
Garage
No
Municipality
NORRISTOWN BORO

Location

Listing Courtesy of Compass Pennsylvania, LLC

Sold By Compass Pennsylvania, LLC

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LISTING UPDATED: 09/01/2022 12:10 AM

Property Details for 1020 West Main Street

StatusClosed
MLS #PAMC697202
Days on Market95
Taxes$6,255 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1889
Lot Size0.16 AC / 7,000 SF
CountyMontgomery County

Location

Listing Courtesy of Compass Pennsylvania, LLC

Sold By Compass Pennsylvania, LLC

Add your commute

Building Information for 1020 West Main Street

Stories-Residences3Year Built1889Building Size-Lot Size0.16 AC / 7,000 SF

Payment Calculator

$1,967 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,446

Property Taxes

$521

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1020 West Main Street

Location
Location
  • School District Name: NORRISTOWN AREA
  • School District County ID: 300200397035
  • SchoolDistrictSource: Listing Agent
  • County: MONTGOMERY
  • MLS Area: Norristown Boro (10613)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2021
  • Tax Assessed Value: $105,610
  • Year Assessed: 2021
  • County Tax: $384
  • City Town Tax: $1,690
  • Clean Green Assessed: No
  • Land Use Code: 1134
  • Zoning: RES
  • Tax Lot: 039
  • School Tax: $4,182
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Lease Information
Lease Information
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 1
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 1
  • Number Of Units Vacant: 0
Building Info
Building Info
  • Building Units Total: 3
  • Total Finished SQFT: 2,974.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 35.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 618697
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplaces Count: 0
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Baseboard - Electric
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Tri-County Suburban REALTORS

Property History for 1020 West Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1020 West Main Street

Taxable ValueLand$24,410Additions$81,200Total$105,610
Tax Record2023$6,482 ($540 / month)
Home Facts
Baths3Total Finished SqFt2,974 SqFtAbove Grade Finished SqFt2,974 SqFtStories3Lot Size7,000 SqFtStyleTriplexYear Built1889ZoningROCountyMONTGOMERYAPN13-00-22768-00-7

Schools near 1020 West Main Street

This home is within Norristown Area School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 8
Public - 5 to 8
Public - 9 to 12
Rating
School
Distance
Whitehall El School
PublicK to 4

East Norriton Middle School
Public5 to 8

Stewart Middle School
Public5 to 8

Norristown Area High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass Pennsylvania, LLC

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.