157 1/2 W ELM

NORRISTOWN, PA, 19401

$1,971,579

$1,359 per ft²
$1,971,579
$1,359 per ft²
Active
Active
 - For Sale
carpenters-square
1,450 ft²
property_type
Multi-family
calendar
Built 1911
Package purchase price is $1,971,579. 10 single family houses and a triplex with an onsite laundromat being sold as a $1,971,579 package deal ONLY. 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)
MLS® ID:
PAMC2036298
Updated:
9/26/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Ceiling Fan(s)
Heating
Baseboard - Electric, Forced Air, Radiant

Exterior/Building Features

Lot Size
1,451 ft² lot
Exterior Features
Above Grade
Architectural Style
Other
Lot Details
Additional Lot(s)
Sewer
Public Sewer

School Information

School District
NORRISTOWN AREA

Other Property Details

Area Name
Norristown Boro (10613)
Taxes
$2577.00
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
MONTGOMERY
Water Source
Public
Pool
No
Zoning
RESIDENTIAL
Contact