For more information regarding the value of a property, please contact us for a free consultation.
36-38 E SPRUCE ST Norristown, PA 19401
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 $422,500
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Norristown
MLS Listing ID PAMC2071520
Sold Date 03/15/24
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $8,084
Tax Year 2022
Lot Size 3,552 Sqft
Acres 0.08
Lot Dimensions 37.00 x 0.00
Property Description
Investor Alert! This is a 6-unit, mixed use building located on the corner of Spruce and Willow. Currently the building is divided into 6 separate units. A commercial store front (currently operated as a grocery store), 4- one bedroom / one bathroom apartments, and 1- two bedroom/ 1 bath apartment. 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 six units are currently rented. Potential to collect higher rents on a few of the units! Currently collecting $6150 in rents with projected rent estimated to be just shy of $7,000/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. Seller is also selling 551 Cherry St just a few blocks away (a 4 unit building)!
Location
State PA
County Montgomery
Area Norristown Boro (10613)
Zoning MIXED USE / COMMERCIAL
Interior
Hot Water Electric
Heating Hot Water
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Norristown Area
Others
Tax ID 13-00-33804-005
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
Read Less
Bought with Favian Zuniga • RE/MAX Ace Realty