29-31 W Main Street Norristown, PA
$ 629,900
Property Attributes
  • MLS#PAMC641770
  • TypeContingent
  • CityNorristown
  • AreaNorristown Boro
  • Zip19401
  • StyleApartment Building,Restaurant/Bar,Professional
  • Year Built1900
  • Taxes$ 13886
  • Price$ 629,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6000
  • Lot Size9,148 SqFt
Listing Provided Courtesy Of:
Tesla Realty Group LLC
Data Source:
Bright MLS - 382 - MD
Property Description

This Unique Property offers potential investors the rare opportunity to purchase a multi faceted rental property. The property consists of 6 apartments, 2 commercial store front units, and 12 yearly parking spot rentals. The Property is centrally located in the heart of Norristown one block from the county court house , municipal buildings and revitalization area. Tenant's pay their own heat, electric and cable.The water ,sewer and trash are included in rent along with one parking spot. The Property recently had new roofs installed along with paint and interior improvements.This is a very rare opportunity for the market and presents future development and appreciation opportunities .Property is always consistently fully occupied and if there is turn over which is rare, it re-leases quickly.

Price History
3/24/2020 Listed $629,000
11/30/2020 1% - $624,900

General Features

Acceptable Financing Cash, Conventional
Accessibility 36 + wide Halls
Association Fee 0.00
Business Type Apartment Building, Restaurant/Bar, Professional
Construction Materials Brick, Concrete, Copper Plumbing, Frame, Glass, Masonry, Mixed, Stone, Stucco, Tile, Vinyl Siding
Cool Fuel None
Cooling None
Days on Market 213
Electric Underground, 440 Volts, 200+ Amp Service
Electric Expense 480.00
Flooring Carpet, Ceramic Tile, Hardwood, Laminated
Heating Hot Water
Historic Y/N No
Location Type Business District
MLS Area Norristown Boro (10613)
New Construction No
Ownership Fee Simple
Possession 31-60 Days CD
Price Per Sq Ft 104.98
Property SubType Mixed Use
Property Type Commercial Sale
Property Use Investment
PropertyCondition Good
Roof Architectural Shingle
Security Features Carbon Monoxide Detector(s), Main Entrance Lock, Smoke Detector
Sewer Public Sewer
Tax Annual Amount 13886.0
Tax Lot 027
Tax Year 2021
Total Units 3
Trash Expense 840.00
Utilities Cable TV, Electric Available, Multiple Phone Lines, Natural Gas Available, Under Ground
Vacation Rental Y/N No
View Street
Water Access Y/N No
Zoning TC

Interior Features

Central Air Y/N No
Heating Fuel Electric
Heating Y/N Yes
Hot Water Multi-tank, Natural Gas

Exterior Features

Building Area Total 6000.00
Car Parking Spaces 16
Fencing Y/n No
Foundation Details Brick/Mortar, Stone, Block
Lot Dimensions 61.00 x 0.00
Lot Features Rented Lot
Lot Size Acres 0.21
Lot Size Source Assessor
Lot Size Square Feet 9211.00
Navigable Water Y/N No
Parking Features Paved Parking
Total Parking Spaces 16
Type of Parking Parking Lot
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 19401

AVG $190K
AVG $4,420
AVG 78
Year Built
AVG 1922
AVG 79
Data Provided by Walkscore ® not using MLS data

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