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Off market

Buy a townhomeat 157 W ELM STREET, NORRISTOWN, PA 19401

$219,900

$220,000 (-0.05%)

$0/mo

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Multifamily

1,803 Sq. Ft.

871 Sq. Ft. lot

381 Days on market

PAMC2036552 MLS ID

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About 157 W ELM STREET townhome

Package purchase price is $1,971,579. See mls# PAMC2036110 for complete package listing. 10 single family houses and a triplex (3 2 bedroom units each with a bathroom) 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 (3 2 bedroom units each with a bathroom) 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

Structure Type: End of Row/Townhouse

Expenses

Insurance Expense: $6,681

Maintenance Expense: $6,726

Listing

Property Sub Type: Triplex

Location

Municipality: NORRISTOWN BORO

County: Montgomery

MLS Area: Norristown Boro (10613)

Subdivision: None Available

Lot

Lot Size Dimensions: 17.00 x 106.00

Property

Other Structures: Above Grade,Below Grade

Schools

School District: NORRISTOWN AREA

High School: NORRISTOWN AREA

Taxes

City/Town Tax: $664

City/Town Tax Pymnt Freq: Annually

County Tax: $165

County Tax Pymnt Freq: Annually

School Tax: $1,546

Tax Annual Amount: $2,376

Tax Year: 2023

Utilities

Hot Water: Natural Gas

Monthly cost

Estimated monthly cost

$1,552/mo

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

Sale and tax history

Sales history

Date

Feb. 8, 2006

Price

$134,500

DatePrice
Feb. 8, 2006$134,500

Schools

This home is within the Norristown Area School District.

Norristown & Bridgeport enrollment policy is not based solely on geography. Please check the school district website to see all schools serving this home.

Private schools

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$206,706

+$6,597

$213,303

Seller agent commission$6,597 (3%)*

$0 (0%)

Buyer agent commission$6,597 (3%)*

$6,597 (3%)*

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

Get $6,597 more selling your home
with a Unreal Estate agent

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State

  • Real Estate for Sale in Pennsylvania

Unreal Estate checked: May 27, 2023 at 5:24 a.m.

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

Courtesy of Gregory Martire, Springer Realty Group {attribution_contact}
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 © 2023 BrightMLS. All Rights Reserved.

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