Price Reduction
Listed By:
EXP Realty, LLC; pa.broker@exprealty.com;(888) 397-7352
Address
412 W Marshall Street, Norristown, PA
Price
$ 10,100,000
Property Attributes
  • MLS#PAMC2049272
  • TypeMulti-Family
  • MunicipalityNORRISTOWN BORO
  • CountyMONTGOMERY
  • CityNorristown
  • AreaNorristown Boro
  • Zip19401
  • Style
  • Year Built1910
  • Taxes$ 11092
  • Price$ 10,100,000
  • Bedrooms125
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size6,098 SqFt
Data Source:
Bright MLS
Property Description

Good CAP Turn-Key Real Estate Portfolio comprising 32 parcels boosting 98 Units. Consisting of 20 Commercial units that have long term Tenants with operations including Restaurants, Various Retail Businesses and Specialty shops, One of the Commercial Buildings offers 7 Art Studios. The Residential side of the Portfolio offers a unique breakdown as follows : 6 Four Bedroom Units, 19 Three Bedroom Units, 19 Two Bedroom Units, 22 One Bedroom Units, 1 Studios Apartments and 4 Garages. This Sale includes the business which include equipment, maintenance supplies, vehicles, a complete security system and a highly trained long term staff dedicated solely to the day to day property management operating out of a fully equipped office with state of the art software in place and Workshop located centrally to the entire Portfolio. Buyer responsible for U&O applications and requirements. The sale is As Is. Sellers will not sell parcels individually nor hold back paper.

Price History
8/16/2022 Listed $10,750,000
10/4/2022 7% - $10,100,000

General Features

Accessibility None
Architectural Style Other
Construction Materials Brick
Cool Fuel None
Cooling None
County MONTGOMERY
Days on Market 51
Garage Y/N No
Heating Central
Lot Size Square Feet 6027.00
MLS Area Norristown Boro (10613)
New Construction No
One Bedroom Units Count 24
Other Structures Above Grade
Percent Ownership Fee Simple
Pool Y/N No Pool
Possession Settlement
Price Per Sq Ft 10100000.0
Property SubType Other
Property Type Multi-Family
Rent Control Y/N No
School District 300200397035
School District NORRISTOWN AREA
Sewer Public Sewer
Single Room Units Count 2
Structure Type Other
Tax Annual Amount 11092.0
Tax Lot 71
Tax Year 2021
Total Units 1
Two Bedroom 22
Vacation Rental Y/N No
Water Access Y/N No
Waterfront Y/N No
Zoning RES, MIXED USE COMMERCIAL

Interior Features

Central Air Y/N No
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Natural Gas
Three Bedroom Units Count 19

Exterior Features

Living Area 1
Lot Dimensions 43.00 x 0.00
Lot Size Acres 0.14
Lot Size Source Estimated
Navigable Water Y/N No
Type of Parking Parking Lot
Water Oriented Y/N No
Water Source Public
Water View Y/N No

Amenities

  • 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 Multi-Family Average in 19401

Price
AVG $1.32M
$10.1M
Taxes
AVG $5,502
$11,092
Visits
AVG 49
156
Year Built
AVG 1905
1910

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