329 West Johnson Highway

Norristown, PA 19401

$499,900
Price
3
Beds
1
Bath
3,800 Sq. Ft.
$132 / Sq. Ft.
3,800
Sq. Ft.
$132
per Sq. Ft.

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!
  1. Listed by James J Romano • Keller Williams Real Estate-Blue Bell
    P: 2155206839 jim@suburbs2city.com
  2. Listed by Christopher Liccketto • Keller Williams Real Estate-Blue Bell
    P: 8563057141 cliccketto@kw.com

Property Details for 329 West Johnson Highway

Tax ID Number
33-00-04657-008
Ownership
Fee Simple
Structure Type
Detached
Style
Other
Waterfront
No
Garage
No
Municipality
EAST NORRITON TWP
Central Air
Yes

Location

Listing Courtesy of Keller Williams Real Estate-Blue Bell
Add your commute
LISTING UPDATED: 04/15/2024 11:17 AM

Property Details for 329 West Johnson Highway

StatusActive
MLS #PAMC2098244
Days on Market44
Taxes$8,112 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1930
Lot Size0.24 AC / 10,300 SF
CountyMontgomery County

Location

Listing Courtesy of Keller Williams Real Estate-Blue Bell
Add your commute

Building Information for 329 West Johnson Highway

Stories-Residences2Year Built1930Building Size-Lot Size0.24 AC / 10,300 SF

Payment Calculator

$3,404 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,728

Property Taxes

$676

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 329 West Johnson Highway

Location
Location
  • School District Name: NORRISTOWN AREA
  • School District County ID: 300200397035
  • SchoolDistrictSource: Listing Agent
  • County: MONTGOMERY
  • MLS Area: East Norriton Twp (10633)
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: 2022
  • Tax Assessed Value: $174,240
  • Year Assessed: 2023
  • County Tax: $738
  • Improvement Assessed Value: $0
  • City Town Tax: $475
  • Land Assessed Value: $0
  • Clean Green Assessed: No
  • Land Use Code: 4100
  • Zoning: C
  • Zoning Dscrp: Mixed-use comm/res apt
  • Tax Lot: 18
  • School Tax: $6,830
  • Automatically Update Tax Values Y/N: Yes
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 1
  • Other Units: Unit 1,Unit 2
Multi Family
Unit 1
  • Type: Unit 1
  • Level: 1
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Beds Total: 3
  • Half Baths Count: 1
  • Full Baths Count: 1
Building Info
Building Info
  • Building Level Count: 3
  • Building Units Total: 2
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 69.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 681198
Parking
Parking
  • Type Of Parking: Parking Lot
Interior Features
Interior Features
  • Interior Features: Ceiling Fan(s), Carpet, Crown Moldings, Kitchen - Eat-In, Kitchen - Island, Recessed Lighting
  • Fireplace: Yes
  • Fireplaces Count: 1
  • Appliances: Washer, Dryer
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Outdoor Living Structures: Deck(s)
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Tri-County Suburban REALTORS

Property History for 329 West Johnson Highway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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329 West Johnson Highway is a multi-family home for sale in Norristown, PA 19401. This property was listed for sale on March 18, 2024 by Keller Williams Real Estate-Blue Bell, it's currently listed at $499,900. This listing's school district is Norristown Area School District. Nearby schools include Cole Manor El School, Stewart Middle School and East Norriton Middle School. 329 West Johnson Highway is a 3-bed, 1-bath, 3,800 sqft multi-family home built in 1930.

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 Keller Williams Real Estate-Blue Bell

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.