For more information regarding the value of a property, please contact us for a free consultation.
900 N PARK AVE Norristown, PA 19403
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $635,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 10,499 sqft
Price per Sqft $60
MLS Listing ID PAMC2049260
Sold Date 06/14/23
Originating Board BRIGHT
Year Built 1847
Annual Tax Amount $7,255
Tax Year 2021
Lot Size 0.459 Acres
Acres 0.46
Lot Dimensions 200.00 x 0.00
Property Description
Located in the highly desirable Methacton school district and just off Germantown Pike, you will not want to miss seeing this unique 4 UNIT MULTIFAMILY with GARAGE ACCESS to approximately 3,000 SF of INDUSTRIAL/WAREHOUSE space. One of the multifamily units and the warehouse space is currently owner occupied. You can either live in one unit and use the commercial warehouse for your own personal/business needs OR lease out the entire building. The 4 multifamily units are comprised of one 3bed/2 bath unit, one 2 bed/1bath unit, and two 1 bed/1bath units. All units are extremely spacious and have their own private decks. There is a parking lot with 5 parking spaces and also street parking in front of the building. Assuming market rent for the owner occupied multifamily unit and industrial/ warehouse, the property is operating with an income of $96,000/year, expenses of $19,641/year, resulting in a 9% cap rate. Lots of potential here! Rents are currently under market and there is potential to increase rents and achieve a minimum 10% cap rate. Easy access to route 422, 202, and Germantown Pike. Property is being sold in AS-IS condition.
Location
State PA
County Montgomery
Area Worcester Twp (10667)
Zoning AGR
Interior
Hot Water Electric
Heating Hot Water
Cooling Window Unit(s)
Heat Source Oil
Exterior
Garage Spaces 5.0
Water Access N
Accessibility None
Total Parking Spaces 5
Garage N
Building
Foundation Other
Sewer On Site Septic
Water Private
New Construction N
Schools
School District Methacton
Others
Tax ID 67-00-00814-001
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
Read Less
Bought with Nina Gupta • Keller Williams Real Estate-Blue Bell