Patterson-Schwartz Real Estate104 E Main Street, Norristown, PA 19401-4917 $315,000
Interior Sq. Ft: 1,400
Acreage: 0.03
Age:149 years
Taxes: $4,074
Design/Type:
Over Storefront
Description
Great Mixed use property is the perfect addition for a buyer/investor looking to add a renovated property with significant income potential! Both units are vacant. Recent rents for each unit were below market at $1,350/month. Market rents for the 4 bedroom residential space are averaging $1800+/month. The first floor unit is a Renovated Retail / storefront space (around 700 sf.) that was previously a Coffee shop with a renovated full bathroom (handicapped accessible) with plenty of seating area. The zoning is TC, which allows for most retail uses. There is a large 4-bedroom Residential rental unit on the top two floors of the building with hardwood floors throughout the apartment. The 4 spacious bedrooms (two are 14x12 and two closer to 13x10) share one Full Bathroom. The kitchen leads to an outdoor deck. There are also 10' ceilings and plenty of natural light. Upgrades include the following (see attached Upgrade list): Central A/C (split units - 4 zones in the property installed 2019), Commercial space (new counters and electrical, plumbing), Refinished hardwood Flooring, Newer Laundry area with Washer/Dryer, Water Heater (2018), Electrical (200 amps - 3 separate panels), some Windows replaced . Location, Location, Location !!! Perfect location in Norristown to run a business or a good investment opportunity to generate rental income. The property offers walkability to local businesses and multiple public transportation options. Conveniently located in downtown Norristown close to major shopping areas, turnpikes (including Dekalb Pike-Route 202), and public transportation, making your daily commute and shopping a breeze. Recent development was announced in the immediate area! Schedule your showing today to secure this Investment property featuring many upgrades and rental income potential !
Home Assoc: No
Condo Assoc: No
Buyer Agency Comp*:
Basement:
Pool: No Pool
Features
Utilities
Heating - None, Natural Gas, None, Electric, Hot Water - Natural Gas, Public Water, Public Sewer, 200+ Amp Service, Electric Available, Natural Gas Available, Utilities - Phone, Sewer Available, Water Available
Garage/Parking
On Street
Interior
Hardwood Flooring, Engineered Wood Flooring
Exterior
Stone Foundation, Pitched Roof, Mixed Plumbing, Stucco Exterior
Lot
Downtown
Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address.
Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.
Public Elementary (25 schools)
Public Middle (10 schools)
| School | District | Grades | Place | Distance |
|---|---|---|---|---|
| Stewart Middle School | Norristown Area School District | 5–8 | Norristown | 1.02 mi |
| Eisenhower Middle School | Norristown Area School District | 5–8 | Norristown | 1.2 mi |
| Colonial Middle School | Colonial School District | 6–8 | Plymouth Meeting | 2.18 mi |
| Upper Merion Middle School | Upper Merion Area School District | 5–8 | King of Prussia | 2.19 mi |
| East Norriton Middle School | Norristown Area School District | 5–8 | Norristown | 2.99 mi |
| Pennsylvania Virtual Charter School | Pennsylvania Virtual Charter School | K–12 | King of Prussia | 3.66 mi |
| Agora Cyber Charter School | Agora Cyber Charter School | K–12 | King of Prussia | 3.78 mi |
| Black Rock Middle School | Lower Merion School District | 5–8 | Villanova | 4.6 mi |
| Skyview Upper Elementary School | Methacton School District | 5–6 | Eagleville | 4.73 mi |
| Arcola Intrmd School | Methacton School District | 7–8 | Eagleville | 4.74 mi |
Public High (7 schools)
| School | District | Grades | Place | Distance |
|---|---|---|---|---|
| Roosevelt Campus of the Norristown Area | Norristown Area School District | 9–12 | Norristown | 0.71 mi |
| Central Montco Technical High School | Central Montco Technical High School | 9–12 | Plymouth Meeting | 1.85 mi |
| Upper Merion High School | Upper Merion Area School District | 9–12 | King of Prussia | 2.24 mi |
| Norristown Area High School | Norristown Area School District | 9–12 | Norristown | 2.35 mi |
| Pennsylvania Virtual Charter School | Pennsylvania Virtual Charter School | K–12 | King of Prussia | 3.66 mi |
| Agora Cyber Charter School | Agora Cyber Charter School | K–12 | King of Prussia | 3.78 mi |
| Plymouth-Whitemarsh Senior High School | Colonial School District | 9–12 | Plymouth Meeting | 4.16 mi |
Private (31 schools)
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This report is a detailed community overview for Norristown (19401), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 27
- Average salary of people in this community: $46,885
Community Summary
- Population Density (ppl / mile): 6,839
- Household Size (ppl): 2.48
- Households w/ Children: 60%
Housing Inventory
- Owned: 7,150 (38.5%)
- Rented: 9,259 (49.9%)
- Vacant: 2,161 (11.6%)
- Total: 18,570
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 6.7%
- Some High School: 10.5%
- High School Graduate: 34.1%
- Some College: 15.3%
- Associate Degree: 6.2%
- Bachelor's Degree: 16.3%
- Graduate Degree: 10.9%
Income by dollar range
Median Income: $53,696
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $909
- One Bedroom: $913
- Two Bedroom: $1,208
- Three Bedroom: $1,241
- Four Bedroom: $1,569
© 2024 LiveBy. All Rights Reserved.
Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-239-3009
Listing Courtesy of: Keller Williams Real Estate-Blue Bell , (215) 646-2900
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
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Listing data as of 9/20/2024.
