$555,000
$599,000
7.3%For more information regarding the value of a property, please contact us for a free consultation.
521 SWEDE ST Norristown, PA 19401
2,088 Sqft Lot
Key Details
Sold Price $555,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PAMC2123112
Sold Date 01/15/25
Style Straight Thru,Transitional
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $8,278
Tax Year 2023
Lot Size 2,088 Sqft
Acres 0.05
Lot Dimensions 18.00 x 0.00
Property Description
Fantastic investment opportunity in the heart of Norristown! This well-maintained property features four spacious apartments: two 2-bedroom units and two 1-bedroom units. Located on one of the best blocks in Norristown, just steps from the upcoming $400 million courthouse, this building has undergone numerous updates including new windows, flooring, safety upgrades, masonry repairs, and more.
The property has a recent U&O permit from the Municipality of Norristown and holds a legal 4-unit rental license. Currently, three of the four units are occupied, generating substantial income of over $6,000/month, with the potential to exceed $7,700/month when fully rented. The ground-floor unit is newly renovated and vacant, making it ideal for an investor or an owner-occupant.
Don't miss out on this high-income property with incredible location benefits!
Location
State PA
County Montgomery
Area Norristown Boro (10613)
Zoning M
Rooms
Basement Full
Interior
Hot Water Natural Gas
Heating Radiant
Cooling None
Fireplace N
Heat Source Natural Gas
Exterior
Garage Spaces 2.0
Water Access N
Accessibility None
Total Parking Spaces 2
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Straight Thru, Transitional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Norristown Area
Others
Tax ID 13-00-36288-005
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Jonathan Batty • Keller Williams Realty Devon-Wayne