558 E Main St, Norristown, PA 19401

$209,900
List Price
$209,900
Price Change
▼ $10,000 1629949119
Days on Market
47
Status
ACTIVE
MLS#
PAMC2002490
Lot Size (Acres)
0.06
Year Built
1900
County
Montgomery
School District
Norristown Area

Property Description

Finally... an AFFORDABLE OPPORTUNITY to ESTABLISH A STREAM OF PASSIVE INCOME! Introducing 558 E Main St, a Mixed-Use Investment Property located within the bustling downtown of Norristown Boro. This classic Victorian-style building features a 790 SQFT Commercial Storefront situated on the first floor, which offers a nicely-kept Half Bath and access to a Full Unfinished Basement for plenty of storage. (This commercial space is currently vacant, but will be easy to lease considering the attractive amount of walking/driving traffic that passes by this major road everyday.) Now, onto the (2) Residential apartments... With access from a conveniently separate side-door, the first residential unit is a 1 Bedroom and 1 Full Bath apartment (currently occupied and generating $675/month in rent). From another separate entrance, located up the wood stairs at the rear of the property and through the covered deck's door, the second residential unit is a 3 Bedroom and 1 Full Bath apartment (currently occupied and generating $750/month in rent). Finally, a rare feature in downtown Norristown, there is a great 6-Car Parking Lot accessed through a private rear alleyway just off of Ford St ready to alleviate the frustrations of street parking! 558 E Main St presents a unique chance to inexpensively build up your rental income, so don't miss out. Take the 3D Tour of each unit and schedule your showing before it's too late!

Additional Information

Area
Norristown Boro (10613)
Taxes
$3544
School District
Norristown Area
High School
Norristown Area
Flooring
Carpet, Ceramic Tile
Heating
Hot Water
Heating Fuel
Oil
Cooling
Window Unit(s)
Water
Public
Sewer
Public Sewer

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Coldwell Banker Realty.

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