329 West Johnson Highway
329 West Johnson Highway
$499,900
3
1
3,800
3,800
$132
Description
Optimal investment opportunity situated in a heavily traveled and busy business district of East Norriton Township! This 3-story multi-use property has been meticulously maintained by a long-time owner. The first-floor unit houses the hair salon/clinic and is an established business in the area. The unit features a reception area, a waiting area, spacious workstations, two therapy rooms, a private office, a kitchenette, and access to a full basement with plenty of storage space. The current owner’s...Optimal investment opportunity situated in a heavily traveled and busy business district of East Norriton Township! This 3-story multi-use property has been meticulously maintained by a long-time owner. The first-floor unit houses the hair salon/clinic and is an established business in the area. The unit features a reception area, a waiting area, spacious workstations, two therapy rooms, a private office, a kitchenette, and access to a full basement with plenty of storage space. The current owner’s wife owns and operates the salon business and would like to lease the space from the new owner to continue operating the business. Move upstairs from the rear and enter the bi-level residential apartment, which is currently leased for $1,200/month until September 30th, 2024. Comparable rentals in the area have been leased in the $1700-2000 per month range. The main floor of the unit offers an updated kitchen, a comfortable living room with a gas fireplace, wall-to-wall carpeting, and access to the huge back deck. Finishing off the main floor is a convenient half bathroom. The top floor shows off a sizable bedroom with a vaulted ceiling and skylight. Two additional bedrooms also have a skylight and ample closet space, and a full bathroom completes the level. Other features of the apartment include a washer/dryer, and ceiling fans in all living spaces. Both units have all separate utilities. Parking is easy with 12 parking spaces (two parking spaces are dedicated to the residential apartment). The property is strategically located close to major shopping areas, banks, hospitals, apartment buildings, and residential areas. Easy access to Schuylkill Expressway, rt 202, and PA Turnpike. Looking to the future, the potential cash flow is significant. With the current owners leasing the salon, and the apartment being leased at current market value come September under new ownership, the cap rate stands to potentially reach an impressive 6.5-7%. This building is a cash flow machine and will be a great addition to any investor's portfolio!
- Listed by James J Romano • Keller Williams Real Estate-Blue BellP: 2155206839 jim@suburbs2city.com
- Listed by Christopher Liccketto • Keller Williams Real Estate-Blue BellP: 8563057141 cliccketto@kw.com
Property Details for 329 West Johnson Highway
Tax ID Number
33-00-04657-008
OwnershipFee Simple
Structure TypeDetached
StyleOther
WaterfrontNo
GarageNo
MunicipalityEAST NORRITON TWP
Central AirYes
Location
LISTING UPDATED: 04/15/2024 11:17 AM
Property Details for 329 West Johnson Highway
Status | Active |
---|---|
MLS # | PAMC2098244 |
Days on Market | 44 |
Taxes | $8,112 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 1930 |
Lot Size | 0.24 AC / 10,300 SF |
County | Montgomery County |
Location
Building Information for 329 West Johnson Highway
Stories-Residences2Year Built1930Building Size-Lot Size0.24 AC / 10,300 SF
Payment Calculator
$3,404 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 329 West Johnson Highway
Property History for 329 West Johnson Highway
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 329 West Johnson Highway
Taxable ValueLand$77,140Additions$97,100Total$174,240
Tax Record2023$8,208 ($684 / month)
Home Facts
Total Finished SqFt3,800 SqFtAbove Grade Finished SqFt3,800 SqFtLot Size10,300 SqFtStyleOffice BuildingYear Built1930ZoningCCountyMONTGOMERYAPN33-00-04657-00-8
Schools near 329 West Johnson Highway
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 |
---|---|---|
Cole Manor El School PublicK to 4 | ||
Stewart Middle School Public5 to 8 | ||
East Norriton 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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