Skip To Content

551 Cherry Street

NORRISTOWN, PA 19401
  • $349,900
  • STATUS: Active Under Contract
  • ON SITE: 206 Days
  • ID#: PAMC2071012
Under Contract
UPDATED: 74 min ago
$349,900
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,593
    SQFT
  • $135
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1890
County:

School Ratings & Info

School District:

Description

Investor Alert! Quadraplex located on the corner of Cherry and Marshall St. 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 four units are currently rented. There is one, 1 bed / 1 bath, one 3 bed/1 bath, one studio and one 2 bed/ 2 bath unit. The first-floor unit has forced air, the second floor has hot water or forced air, and electric baseboard heat for the third floor. Potential to collect higher rents on a few of the units! Currently collecting $3500 in rents with projected rent estimated to be just shy of $4000/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. Note: Seller is also selling 36-38 Spruce St just a few blocks away!

Monthly Payment Calculator



©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Your Home Team | Long & Foster Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-12-02T15:52:00.99.
www.yourhometeamde.com/homes/139368697
Print Image

551 Cherry Street NORRISTOWN, PA 19401

  • Price: $349,900
  • Status: Active Under Contract
  • On Site: 206 Days
  • Updated: 74 min ago
  • ID#: PAMC2071012
0
Beds
0
Baths
0
½ Baths
0.05
Acres
2,593
SQFT
$135
$/SQFT
1890
Built
Neighborhood:
Norristown Boro (10613)
County:
Montgomery
Area:
Norristown Boro (10613)
School District:
Norristown Area
Property Description
Investor Alert! Quadraplex located on the corner of Cherry and Marshall St. 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 four units are currently rented. There is one, 1 bed / 1 bath, one 3 bed/1 bath, one studio and one 2 bed/ 2 bath unit. The first-floor unit has forced air, the second floor has hot water or forced air, and electric baseboard heat for the third floor. Potential to collect higher rents on a few of the units! Currently collecting $3500 in rents with projected rent estimated to be just shy of $4000/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. Note: Seller is also selling 36-38 Spruce St just a few blocks away!
Exterior Features

Architectural Style Colonial Construction Materials Brick Exterior Features Sidewalks Garage YN No Parking Types None Patio And Porch Features Balcony Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2593 Basement Unfinished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling None Exclusions window AC unitstenants belongings Fireplaces Total 0 Heating Forced AirBaseboard - Electric Heating YN Yes Single Room Units 1 Three Bedroom Units 1 Two Bedroom Units 1 Units Furnished None

Property Features

Accessibility Features None Assessment Year 2023 Central Air YN No Cooling Fuel None Cross Street E Marshall St Existing Lease Type Month to Month Foundation Details Other Gross Income 42000.00 Heating Fuel Natural GasElectric Hot Water ElectricNatural Gas Municipality NORRISTOWN BORO Navigable Water YN N Net Operating Income 39480.00 New Construction YN No Number Of Units Leased 4 Number Of Units Total 4 Number Of Units Vacant 0 Original MLSNumber 802315772660 Ownership Interest Fee Simple Possession Negotiable Property Sub Type Quadruplex Sale Type Standard Sewer Public Sewer Structure Design Type End of Row/Townhouse Tax Annual Amount 3873.00 Tax Assessment Amount 63670.00 Tax Lot 75 Transportation Commuter Rail Station 1 to 5 miles Vacation Rental YN No Water Source Public Zoning RESIDENTIAL - MULTI FAM

Listing courtesy of Keller Williams Main Line: .


©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Your Home Team | Long & Foster Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-12-02T15:52:00.99.
 
https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_802315772660-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_802315772660-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_802315772660-2.jpg
Logo
Your Home Team | Long & Foster Real Estate
490 E Main Street
Middletown DE, 19709