501 Swede Street

Norristown, PA 19401

$530,000
Last Sold Price
Beds
7,400 Sq. Ft.
$72 / Sq. Ft.
7,400
Sq. Ft.
$72
per Sq. Ft.

Description

Historic and thriving mixed use retail and apartments with fantastic numbers for the savvy investor. Superb location adjacent to the Montgomery County Courthouse complex with all of its hustle and bustle and new 100 million dollar construction investment. Private parking lot. The retail space is a popular spa and salon and through a well secured separate entrance is 4 large and desirable apartment units. The numbers really work and your cap rate is just where you need it to be. Typical 1031 Exchange...Historic and thriving mixed use retail and apartments with fantastic numbers for the savvy investor. Superb location adjacent to the Montgomery County Courthouse complex with all of its hustle and bustle and new 100 million dollar construction investment. Private parking lot. The retail space is a popular spa and salon and through a well secured separate entrance is 4 large and desirable apartment units. The numbers really work and your cap rate is just where you need it to be. Typical 1031 Exchange rules limitations are likely but won't interfere with your plan to make this a highly profitable venture.
  1. Listed by Josh Rorke • RE/MAX Action Associates
    P: 6107336199 joshrorke@homesinpa.com

Property Details for 501 Swede Street

Tax ID Number
13-00-36256-001
Ownership
Fee Simple
HOA
No
Structure Type
Detached
Style
Traditional
Waterfront
No
Views
City
Garage
No

Location

Listing Courtesy of RE/MAX Action Associates

Sold By RE/MAX Action Associates

Add your commute
LISTING UPDATED: 08/23/2022 01:03 AM

Property Details for 501 Swede Street

StatusClosed
MLS #PAMC666628
Days on Market30
Taxes$7,884 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1900
Lot Size0.07 AC / 2,900 SF
CountyMontgomery County

Location

Listing Courtesy of RE/MAX Action Associates

Sold By RE/MAX Action Associates

Add your commute

Building Information for 501 Swede Street

Stories-Residences4Year Built1900Building Size-Lot Size0.07 AC / 2,900 SF

Payment Calculator

$3,549 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,892

Property Taxes

$657

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 501 Swede Street

Location
Location
  • Transportation: Commuter Rail Station less than 1 mile, Bus Stop less than 1 mile
  • School District Name: NORRISTOWN AREA
  • School District County ID: 300200397035
  • SchoolDistrictSource: Listing Agent
  • High School: NORRISTOWN (MONTGOMERY PA)
  • HighSchoolSource: 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
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2020
  • Tax Assessed Value: $135,800
  • Year Assessed: 2020
  • County Tax: $470
  • Improvement Assessed Value: $0
  • City Town Tax: $2,037
  • Land Assessed Value: $0
  • Clean Green Assessed: No
  • Municipal Trash: Yes
  • Land Use Code: 4100
  • Agricultural Tax Due: No
  • Zoning: TOWN CENTER
  • Zoning Dscrp: The Town Center District is to encourage and permit uses that are compatible with the historic character of the downtown core.
  • Tax Lot: 018
  • School Tax: $5,377
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Common Area Maintenance, Insurance, Sewer, Trash Collection, Taxes - Real Estate, Water
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 2
  • Two Bedroom Units Count: 2
  • Three Bedroom Units Count: 0
  • Units Furnished: None
  • Units Leased Count: 5
  • Number Of Units Vacant: 0
  • Rent Control: No
Financial Information
Expenses
  • Operating Expense Includes: Insurance, Trash
  • Insurance Expense: $2,407
Financial Information
  • Gross Income: $65,400
  • Gross Scheduled Income: $65,400
  • Net Operating Income: $48,267
  • Annual Rental Income: $65,400
  • Income Includes: Apartment Rentals, Shop Rentals
  • Cap Rate: 8.40
Building Info
Building Info
  • Year Major Reno Remodel: 2018
  • Building Level Count: 4
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 25.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Location Type: Corner Lot/Unit
  • Parcel ID: 622199
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: Parking Lot
  • Parking Lot - # of Spaces: 6
Interior Features
Interior Features
  • Fireplace: No
  • Fireplaces Count: 0
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Spa: No
  • Exterior Features: Street Lights
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Wall Unit
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • 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 501 Swede 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 501 Swede Street

Taxable ValueLand-Additions-Total-
Tax Record2023$11,292 ($941 / month)
Home Facts
Total Finished SqFt7,400 SqFtAbove Grade Finished SqFt7,400 SqFtStories3Lot Size2,900 SqFtStyleOffice BuildingYear Built1900ZoningTCCountyMONTGOMERYAPN13-00-36256-00-1

Schools near 501 Swede 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.

Similar Homes

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Similar Sold Homes

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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 RE/MAX Action Associates

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.