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551 CHERRY ST Norristown, PA 19401
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Key Details
Sold Price $350,000
Property Type Multi-Family
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,593 sqft
Price per Sqft $134
MLS Listing ID PAMC2071012
Sold Date 12/28/23
Style Colonial
Abv Grd Liv Area 2,593
Originating Board BRIGHT
Year Built 1890
Annual Tax Amount $3,873
Tax Year 2022
Lot Size 2,050 Sqft
Acres 0.05
Lot Dimensions 20.00 x 0.00
Property Description
Investor Alert! Quadraplex located on the corner of Cherry and Marshall St. Ideal for those who are looking to live in one unit and rent the other three out, or for those looking to add to their portfolio! All four units are currently rented. There is one, 1 bed / 1 bath, one 3 bed/1 bath, one studio and one 2 bed/ 2 bath unit. The first-floor unit has forced air, the second floor has hot water or forced air, and electric baseboard heat for the third floor. Potential to collect higher rents on a few of the units! Currently collecting $3500 in rents with projected rent estimated to be just shy of $4000/month. Walking distance to several shops and restaurants, easy access to main roads and public transportation including train and bus routes. Call us today to schedule your private tour. Note: Seller is also selling 36-38 Spruce St just a few blocks away!
Location
State PA
County Montgomery
Area Norristown Boro (10613)
Zoning RESIDENTIAL - MULTI FAM
Rooms
Basement Unfinished
Interior
Hot Water Electric, Natural Gas
Heating Forced Air, Baseboard - Electric
Cooling None
Heat Source Natural Gas, Electric
Exterior
Exterior Feature Balcony
Water Access N
Accessibility None
Porch Balcony
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Norristown Area
Others
Tax ID 13-00-08104-001
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Yakov Toyberman • Homestarr Realty