232 W MAIN STREET, Norristown, Montgomery County, PA 19401

For Sale

Listed by Julie Boland with Coldwell Banker Preferred-Blue Bell
$323,500 USD
  • 3,026 Sqft
  • 0.152 ac Lot Size
  • Multi-family
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Property Summary for 232 W MAIN STREET

Property Type
Multi-family
Lot Size
0.152 Ac
MLS Number
PAMC103752
Year Built
1900
Date Added
9 November 2019
Parking info
12
Neighborhood
Norristown
Zip
19401
School District
Norristown Area School District
Schools Information

Description for 232 W MAIN STREET

232 W Main Street Mixed-use property containing 3,026 square feet in a detached, masonry brick, part one, part two and part three-story building; site includes rear gravel-paved parking lot. Fully occupied with third-party tenants: retail store front at the first floor-front; efficiency apartment at first floor-rear; and apartments on second and third floors. Separate electric panels, meters and hot water heaters per unit; 100-amp circuit breakers. Separate electric baseboard heating; air conditioned via window/wall units. The property has good access and above average visibility from Main Street, which is a local commercial thoroughfare travel artery with above average traffic counts for the area. The first floor has a commercial unit and a rear efficiency apartment accessed at the rear from the parking lot. The commercial unit is mostly a large, open store area but has 2 back rooms and powder room. To access the upper floor apartments there is a separate front door leading to the stairway for the upper floor apartments. The basement is accessed via bulk-head doors in the front sidewalk. The basement has utilities. The second-floor apartment has one bedroom, a living area, kitchen, and bathroom. The upper apartment is bi-level, has two bedrooms, kitchen and living space, and a full bathroom. The Property is located in downtown area of Norristown, blocks from Montgomery County courthouse and Transportation Center hub. Flexible use rooms on first floor make it easy to access public sidewalk/foot traffic. There are approximately 12 parking spots in rear of this building. This 4-Unit property is completely rented. The commercial lease is a 2-year lease and the apartments leases are Month/Month. Tenants pay Gas and Electric. All meters are separated. Good income producing property. Current Rental Income totals - $3700 per month. Seller is selling 4 parcels together. Parcels included are 13-00-22504-001,13-00-22508-006,13-00-22520-003 and 13-00-22512-002.
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Features for 232 W MAIN STREET

Exterior Finish
  • Brick
Interior Features
  • Basement
Heating
  • Baseboard
  • Electric
Listing provided by TREND on 11/29/2019
Copyright © 2019 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Listed by:

Julie Boland

Coldwell Banker Preferred-Blue Bell

Demographics in 19401top

Population

Total population 42,104
Male population 20,788
Female population 21,316
Median age 34.80

Households

Total households 16,270
Average people per household 2.52

Housing

Total housing units 18,520
Owner occupied 7,259
Renter occupied 9,011
Median year built 1954

Income

Median household income 49,329
Average household income 68,624

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Disclaimer


Demographic data shown in this section was gathered from the 2017 American Community Survey and is deemed reliable but is not guaranteed.
No representation, guarantee or warranty is made as to the accuracy or completeness of information modified or aggregated for specific neighborhoods and/or zip codes.

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