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Buy a houseat 157 1/2 W ELM, NORRISTOWN, PA 19401

$1,971,479

$1,971,579 (-0.01%)

$0/mo

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Multifamily

1,450 Sq. Ft.

1,306 Sq. Ft. lot

723 Days on market

PAMC2036298 MLS ID

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About 157 1/2 W ELM house

Package purchase price is $1,971,579. See mls# PAMC2036110 for complete package listing. 10 single family houses and a triplex with an onsite laundromat 100% occupied, being sold as a $1,971,579 package deal ONLY. Leases are NOT month to month. Math and numbers are for all properties added up. All are legal rentals and fully occupied with well vetted tenants. Excellent CAP rate! See Profit and Loss math below and in documents section. High income producing properties with extremely low bills and great POSITIVE cash-flow. Very low maintenance with tenants in place. Rent incomes produce $11,850 positive cash-flow per month or $142k+ per year after all expenses! In the houses, the owner pays trash and sewer, tenant pays everything else. Triplex tenants pay for PECO (Gas and electric) utilities, owner pays everything else. Owner pays ONLY Water, Sewer, Trash, Common Lights, Gas to heat the laundry room ($9,112/year), Insurance ($6,681/year) and Taxes ($34,798/year). Rental Incomes: 107 Stanbridge ($15,866/year), 220 Spruce ($13,177), 657 Kohn ($17635/year), 712 Astor ($13,700/year), 808 George ($22,200/year), 828 Smith ($20,220/year), 1321 Redwood ($17,509/year), 145 Elm ($15,900/year), 151 Elm ($19,275/year), 153 Elm ($18,274/year), 157 W Elm ($36,616+6k others/year). Profit and Loss Math: Rents: $15866+$13,177+$17,635+$13,700+$22,200+$20,220+$17,509+$15,900+$19275+$18,274+$36,616+ Triplex Laundry + Other Income $5,921=$216,294 per year gross income - $9,112 (Sewer/Trash/Common Lights/Gas) - $34,798 (Property Taxes) - $6,681 (Insurance) - Repair Supplies and Services $6,726 - $1,334 (Permits and Licenses) - $5,100 (Admin Expense) - $10,307 Vacancy Allowance (5%) = $142,233 Positive Cash Flow. Properties in the package deal are: 107 Stanbridge St, Norristown, PA 19401 (Tax ID: 13-00-35232-008), 220 W Spruce St Norristown, PA 19401 (Tax ID: 13-00-34128-005), 657 Kohn St Norristown, PA 19401 (Tax ID: 13-00-18920-003), 712 Astor St Norristown, PA 19401 (Tax ID: 13-00-02816-006), 808 George St Norristown, PA 19401 (Tax ID: 13-00-13260-002), 828 Smith St, Norristown, PA 19401 (Tax ID: 13-00-33704-006), 1321 Redwood Ln, Norristown, PA 19401 (Tax ID: 13-00-31968-005), 145 W Elm St, Norristown, PA 19401 (Tax ID: 13-00-10600-007), 151 W Elm St, Norristown, PA 19401 (Tax ID: 13-00-10612-004), 153 W Elm St Norristown, PA 19401 (Tax ID: 13-00-10616-009), 157 W Elm St, Norristown, PA 19401 (Tax ID: 13-00-10624-001)
Package purchase price is $1,971,579. See mls# PAMC2036110 for complete package listing. 10 single family houses and a triplex with an onsite laundromat 100% occupied, being sold as a $1,971,579 package deal ONLY. Leases are NOT month to month. Math and numbers are for all properties added up. All are legal rentals and fully occupied with well vetted tenants. Excellent CAP rate! See Profit and Loss math below and in documents section. High income producing properties with extremely low bills and great POSITIVE cash-flow. Very low maintenance with tenants in place. Rent incomes produce $11,850 positive cash-flow per month or $142k+ per year after all expenses! In the houses, the owner pays trash and sewer, tenant pays everything else. Triplex tenants pay for PECO (Gas and electric) utilities, owner pays everything else. Owner pays ONLY Water, Sewer, Trash, Common Lights, Gas to heat the laundry room ($9,112/year), Insurance ($6,681/year) and Taxes ($34,798/year). Rental Incomes: 107 Stanbridge ($15,866/year), 220 Spruce ($13,177), 657 Kohn ($17635/year), 712 Astor ($13,700/year), 808 George ($22,200/year), 828 Smith ($20,220/year), 1321 Redwood ($17,509/year), 145 Elm ($15,900/year), 151 Elm ($19,275/year), 153 Elm ($18,274/year), 157 W Elm ($36,616+6k others/year). Profit and Loss Math: Rents: $15866+$13,177+$17,635+$13,700+$22,200+$20,220+$17,509+$15,900+$19275+$18,274+$36,616+ Triplex Laundry + Other Income $5,921=$216,294 per year gross income - $9,112 (Sewer/Trash/Common Lights/Gas) - $34,798 (Property Taxes) - $6,681 (Insurance) - Repair Supplies and Services $6,726 - $1,334 (Permits and Licenses) - $5,100 (Admin Expense) - $10,307 Vacancy Allowance (5%) = $142,233 Positive Cash Flow. Properties in the package deal are: 107 Stanbridge St, Norristown, PA 19401 (Tax ID: 13-00-35232-008), 220 W Spruce St Norristown, PA 19401 (Tax ID: 13-00-34128-005), 657 Kohn St Norristown, PA 19401 (Tax ID: 13-00-18920-003), 712 Astor St Norristown, PA 19401 (Tax ID: 13-00-02816-006), 808 George St Norristown, PA 19401 (Tax ID: 13-00-13260-002), 828 Smith St, Norristown, PA 19401 (Tax ID: 13-00-33704-006), 1321 Redwood Ln, Norristown, PA 19401 (Tax ID: 13-00-31968-005), 145 W Elm St, Norristown, PA 19401 (Tax ID: 13-00-10600-007), 151 W Elm St, Norristown, PA 19401 (Tax ID: 13-00-10612-004), 153 W Elm St Norristown, PA 19401 (Tax ID: 13-00-10616-009), 157 W Elm St, Norristown, PA 19401 (Tax ID: 13-00-10624-001)

Property details

House

1,450 sqft living area

Built in 1911

Structure Type: Detached

4 units in building

Brick

Masonry

Cooling

Electric

Ceiling Fan(s)

Expenses

Insurance Expense: $6,681

Maintenance Expense: $6,726

Heating

Natural Gas

Baseboard - Electric

Forced Air

Radiant

Income

Apartment Rentals

Laundry

Listing

337 days on market

$1,360 per sqft

Location

Municipality: NORRISTOWN BORO

County: Montgomery

MLS Area: Norristown Boro (10613)

Lot

1,451 sqft

Lot Size Dimensions: Various sizes

0.03 acres

Additional Lot(s)

Property

Other Structures: Above Grade

13 three-bedroom units

Schools

School District: NORRISTOWN AREA

Sewer

Public Sewer

Taxes

Tax Annual Amount: $2,577

Tax Year: 2022

Utilities

Hot Water: Electric,Natural Gas

Monthly cost

Estimated monthly cost

$13,910/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$1,853,190

+$59,144

$1,912,335

Seller agent commission$59,144 (3%)*

$0 (0%)

Buyer agent commission$59,144 (3%)*

$59,144 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $59,144 more selling your home
with an Unreal Estate agent

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State

  • Real Estate for Sale in Pennsylvania

Unreal Estate checked: Aug 8, 2023 at 4:32 p.m.

Data updated: Mar 30, 2023 at 9:40 p.m.

Courtesy of Gregory Martire, Springer Realty Group
This content last updated on 03/30/2023.
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available.
Listing Information © 2024 BrightMLS. All Rights Reserved.

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