Acceptable FinancingConventional, Cash
AccessibilityNone
Association Recreation FeeN
Business TypeApartment Building, Restaurant/Bar
Buyer Agent Compensation20000
Buyer Agent Compensation Type$
Cap Rate7.08
CityNORRISTOWN
Construction MaterialsAsphalt, Brick, Concrete, Copper Plumbing, Masonry, Mixed Plumbing
Cool FuelElectric
CoolingOther
CountyMONTGOMERY
Days on Market36
DirectionsWest on Main St. located on left corner of Main & Hamilton St.'s
Electric200+ Amp Service
Electric Expense1200.00
ExclusionsTenants' personal belongings
Gross Income90360.00
HeatingHot Water
Historic Y/NNo
Insurance Expense5285.00
Lease Considered Y/NNo
Lot Size Square Feet4400.00
Lot Size UnitsSquare Feet
MLS AreaNorristown Boro (10613)
ModificationTimestamp2024-06-12T01:01:27
MunicipalityNORRISTOWN BORO
Net Operating Income66435.00
New ConstructionNo
NumberOfUnitsTotal7
Operating Expense23925.00
OwnerPaysAdvertising/Licenses and Permits, Common Area Maintenance, Insurance, Miscellaneous
Percent OwnershipFee Simple
PossessionImmediate
Price Per Sq Ft Total AG166.23
Property ConditionVery Good
Property SubTypeFive Or More Units
Property TypeCommercial Sale
RoofAsphalt, Rubber, Shingle
SewerPublic Sewer
Standard StatusActive Under Contract
StatusACTIVE UNDER CONTRACT
Subdivision NameNORRISTOWN
Tax Annual Amount11123.0
Tax Assessed Value180490.0
Tax Year2024
TransportationBus Stop less than 1 mile
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1910
Year Built SourceAssessor
ZoningCOMM. OFFIC, RETAL, APTS