329 W Johnson Highway

NORRISTOWN, PA 19401

  • 0 Bed(s)
  • 0 Bath(s)
  • 0 Sqft
  • 10300
    Sqft(Lot)
$425,000

Description

If you are looking for an easy investment without the headaches of doing repairs, remodeling and trying to find tenants, than here it is! with 3 stories and over 3,000 square feet this commercial/mixed use property is for you. both units are occupied and tenants would like to stay. utilities are separately metered. currently the building is bringing in a net income of nearly 30k a year.
even with below market rent for the apartment, the building still produces close to a 7% return on investment. if you have a different vision for this property’s use, don’t fear, there are no lengthy leases in place. this could be a great place to live and run a business or whatever you choose to do. the street has a high traffic count and the lot can accommodate 12 vehicle parking.

starting with the first floor, we have an upscale working salon with reception and waiting area, multiple stations, therapy rooms, office, powder room and galley style kitchenette. there is also another office in the basement which happens to be dry and kept neat along with the utilities and storage area. for additional storage there is a shed in the back of the parking lot.

the 2nd floor, 3 bedroom apartment is accessed from the rear staircase, which brings you to a large rear deck. there are two glass doors that lead you to the living room with a gas fireplace and sizable modern kitchen along with powder room.
the third floor has a full bathroom nestled between the bedrooms that have vaulted ceilings and skylights.

everything is up to code as the fire marshall recently did an inspection.
property has been kept in great condition. buy with confidence!

  • Property Type

    Multi-Family

  • County

    MONTGOMERY

  • Style

    Other,Unit/Flat

  • AD ID

    47674370

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Property Details

  • Water/Sewer

    • Water Source : Public

    Heating & Cooling

    • Cooling: Central A/C
    • Heating: Forced Air
    • Cooling Fuel: Electric
    • Heating Fuel: Natural Gas

  • Building Information

    • Year Built: 1930
    • Structure: Detached
    • Fireplace: 1
    • New Construction: No
    • Total Units: 2
    • Built: 1930
    • Construction Material: Brick,Stucco,Vinyl Siding
    • Foundation/Basement: Concrete Perimeter
    • Architecture: Other,Unit/Flat
    • Pool/Private: No Pool

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Sewer

    Water

    • Water Heat: Natural Gas

  • Lot Information

    • Lot Size: 10,300
    • Dimensions: 69.00 x 0.00
    • Lot Size (Acres): 0.24
    • Architectural Style: Other,Unit/Flat
    • Stories Total: 3
    • Main Square Feet: 10,300

    Property Information

    • SQ ft: 0
    • SQ ft (Living Area): 0
    • Total Lot SQ ft: 10,300
    • Financing: Cash,Conventional
    • Appx. Lot Dimensions: 69.00 x 0.00
    • Total Acreage: 0.24
    • New Construction: No
    • Type: Other,Unit/Flat

  • Listing Information

    • Possession: Negotiable
    • Days Of Market: 1

  • Tax Information

    • Annual Tax: $8,140
    • Tax Year: 2024
    • Total Taxes Payment Frequency: Annually

    Possession

    • Negotiable

    Assessment Information

    • Taxes Assessment Amount: $174,240

  • Virtual Tour

    Parking Information

    • Parking Features: Fenced,Paved Parking,Private
    • Parking Type: Parking Lot

    Multi-Unit Information

    • Acceptable Financing: Cash,Conventional

    Homeowners Association Information

    • Direction: Take Swede Rd from Germantown Pike toward Norristown. Turn left at Johnson Hwy. Property is on left.

  • School Information

    • School District: NORRISTOWN AREA

    Fire Place Information

    • Total Fire Place: 1

    Utility Information

    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: Electric
    • Heating Fuel: Natural Gas
    • Hot Water: Natural Gas

    Location Information

    • Direction: Take Swede Rd from Germantown Pike toward Norristown. Turn left at Johnson Hwy. Property is on left.
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BuyOwner last updated this listing 11/21/2024 @ 06:42

  • MLS: PAMC2123430
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Other, with 0 bedrooms which is for sale, it has 0 sqft, 10,300 sized lot, and 0 parking. A comparable Other, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of NORRISTOWN , in zip code 19401, this MONTGOMERY County Other and are nearby neighborhoods.