Bought with Susan G Mattern • Vanguard Realty Alliance LLC
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Key Details
Sold Price $220,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,048 sqft
Price per Sqft $107
MLS Listing ID PAMC2059006
Sold Date 04/05/23
Style Straight Thru
Abv Grd Liv Area 2,048
Year Built 1900
Annual Tax Amount $4,094
Tax Year 2023
Lot Size 2,500 Sqft
Acres 0.06
Lot Dimensions 25.00 x 120.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Duplex opportunity in the heart of the city steps from shopping and dining on Marshall Street, transportation and more. 2-unit ideal for an owner occupant or investor looking to start/add to a portfolio. 10 CAP rate! High income producing duplex with extremely low bills & great POSITIVE cash-flow. Very low maintenance. Potential Rent income produced $1,416 positive cash-flow per month & $17K+ per year after all expenses! Each unit pays for their own heat, hot water, electricity & cooking. Plus, an additional $50 for water each month. Owner pays ONLY Water/Sewer/Trash/Insurance ($5,004/year) & Taxes ($4094/year). Unit 1 (1BR) occupied $975/month ($11,700/year). Unit 2 (2BR) occupied $1,200/month ($14,400/year). Profit & Loss Math: $11,700+$14,400=$26,100-$4,094-$5,004=$17,002 Positive Cash flow.
Location
State PA
County Montgomery
Area Norristown Boro (10613)
Zoning R2
Rooms
Basement Full, Unfinished
Interior
Interior Features 2nd Kitchen, Ceiling Fan(s)
Hot Water Natural Gas
Heating Forced Air
Cooling Ceiling Fan(s), Window Unit(s)
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Lot Description Rear Yard
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Straight Thru
Additional Building Above Grade
New Construction N
Schools
High Schools Norristown Area
School District Norristown Area
Others
Tax ID 13-00-03352-001
Ownership Fee Simple
SqFt Source Assessor
Security Features Carbon Monoxide Detector(s),Smoke Detector
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard
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