535 East Lafayette Street

Norristown, PA 19401

$269,900
Price
Beds
1,456 Sq. Ft.
$185 / Sq. Ft.
1,456
Sq. Ft.
$185
per Sq. Ft.

Description

Fantastic investor opportunity. "Turn Key" Duplex fully leased with newer 1 year leases on both units. Monthly generated income:
1st Floor unit: 2 BRs , 1 bath - $1425.00 per month + $25 water fee.
2nd Floor unit: 1 Br, 1 bath - $1125.00 per mont + $25 water fee. Tenants pay all utilities separately metered except water. Buyer responsible for expenses and for acquiring U & O. NO SHOWINGS UNTIL AFTER MAY 1st 2024
Fantastic investor opportunity. "Turn Key" Duplex fully leased with newer 1 year leases on both units. Monthly generated income:
1st Floor unit: 2 BRs , 1 bath - $1425.00 per month + $25 water fee.
2nd Floor unit: 1 Br, 1 bath - $1125.00 per mont + $25 water fee. Tenants pay all utilities separately metered except water. Buyer responsible for expenses and for acquiring U & O. NO SHOWINGS UNTIL AFTER MAY 1st 2024
  1. Listed by Paul Canavarro • RE/MAX Main Line-West Chester
    P: 6105747676 paulcanava@aol.com

Property Details for 535 East Lafayette Street

Tax ID Number
13-00-19304-024
Ownership
Fee Simple
Structure Type
Detached
Style
Colonial
Waterfront
No
Garage
No
Municipality
NORRISTOWN BORO
Central Air
No

Location

Listing Courtesy of RE/MAX Main Line-West Chester
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LISTING UPDATED: 05/04/2024 12:01 PM

Property Details for 535 East Lafayette Street

StatusActive
MLS #PAMC2102000
Days on Market14
Taxes$2,129 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1920
Lot Size0.03 AC / 1,516 SF
CountyMontgomery County

Location

Listing Courtesy of RE/MAX Main Line-West Chester
Add your commute

Building Information for 535 East Lafayette Street

Stories-Residences2Year Built1920Building Size-Lot Size0.03 AC / 1,516 SF

Payment Calculator

$1,650 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,473

Property Taxes

$177

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 535 East Lafayette 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
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2022
  • Tax Assessed Value: $35,000
  • Year Assessed: 2023
  • County Tax: $148
  • Improvement Assessed Value: $0
  • City Town Tax: $595
  • Land Assessed Value: $0
  • Clean Green Assessed: No
  • Municipal Trash: Yes
  • Land Use Code: 1132
  • Agricultural Tax Due: No
  • Historic: No
  • Zoning: 1132 RES: DUPLEX
  • Tax Lot: 77
  • School Tax: $1,372
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Sewer, Sewer Maintenance, Taxes - Real Estate, Water
Unit Information
Unit Information
  • Single Room Units Count: 2
  • One Bedroom Units Count: 1
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 0
  • Units Leased Count: 2
  • Number Of Units Vacant: 0
  • Number Of Units Month To Month: 0
  • Rent Control: No
Financial Information
Expenses
  • Insurance Expense: $1,785
Financial Information
  • Gross Income: $31,200
  • Gross Scheduled Income: $31,200
  • Annual Rental Income: $31,200
  • Income Includes: Apartment Rentals, Other
  • Existing Lease Type: Yearly
Building Info
Building Info
  • Building Units Total: 2
  • Total Finished SQFT: 1,456.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 22.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 617826
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Spa: No
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Radiator
  • Heating Fuel: Natural Gas
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Tri-County Suburban REALTORS
  • List Agent URL: www.paulcanavarro.com

Property History for 535 East Lafayette 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 535 East Lafayette Street

Taxable ValueLand$20,000Additions$15,000Total$35,000
Tax Record2023$2,149 ($179 / month)
Home Facts
Baths2Total Finished SqFt1,456 SqFtAbove Grade Finished SqFt1,456 SqFtStories2Lot Size1,516 SqFtStyleDuplexYear Built1920ZoningR2CountyMONTGOMERYAPN13-00-19304-02-4

Schools near 535 East Lafayette 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
Paul V Fly 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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535 East Lafayette Street is a multi-family home for sale in Norristown, PA 19401. This property was listed for sale on April 23, 2024 by RE/MAX Main Line-West Chester, it's currently listed at $269,900. It has been on the market for a total of 14 days and was last sold on January 27, 2023. This listing's school district is Norristown Area School District. Nearby schools include Paul V Fly El School, East Norriton Middle School and Stewart Middle School. 535 East Lafayette Street is a 0-bed, 0-bath, 1,456 sqft multi-family home built in 1920.

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 Main Line-West Chester

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.