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Al Ferraguti

al@redsignnetwork.com +1(267) 784-8276

$ 395,000

Est. payment -/mo

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New

515 CHERRY ST Norristown, PA 19401

2,664 SqFt

UPDATED:

01/03/2025 04:08 AM

Key Details

Property Type Multi-Family, Townhouse

Sub Type End of Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,664 sqft

Price per Sqft $148

MLS Listing ID PAMC2126102

Style Colonial

Abv Grd Liv Area 2,664

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $3,528

Tax Year 2023

Lot Size 3,340 Sqft

Acres 0.08

Lot Dimensions 33.00 x 0.00

Property Description

Check out this solid, fully occupied triplex on Cherry street in Norristown! Set up with two 1 bedroom 1 bath units, one 3 bedroom 3 bath unit. Annual taxes under 4k per year. The units have been refreshed and remodeled in 2021. Current rents for the building are $3795 per month ($43,620 annually). Professional property management is in place. Tenants pay their own utilities and a flat monthly fee for water. The building includes 3 car off street parking in the rear alleyway parking lot. All 3 water heaters were recently replaced in the fall of 2024. In unit heat is electric so tenants can control their own heat and pay their own bill! The building is located across a short walk to the Montgomery County courthouse and Norristown Transportation Center and convenient access to all commuter routes 202, 76, 422 and 476. Buyer is responsible for U&O. Schedule your tour of this great investment opportunity!

Location

State PA

County Montgomery

Area Norristown Boro (10613)

Zoning R2 RES

Rooms

Basement Outside Entrance, Unfinished

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling Window Unit(s)

Fireplace N

Heat Source Electric

Exterior

Garage Spaces 3.0

Water Access N

Roof Type Shingle,Flat

Accessibility None

Total Parking Spaces 3

Garage N

Building

Foundation Stone

Sewer Public Sewer

Water Public

Architectural Style Colonial

Additional Building Above Grade, Below Grade

New Construction N

Schools

High Schools Norristown Area

School District Norristown Area

Others

Tax ID 13-00-08040-002

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Listed by John Knisely • Keller Williams Real Estate - Media

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Al Ferraguti

+1(267) 784-8276

Team Leader of The Red Sign Network | License ID: AB067613

Team Leader of The Red Sign Network License ID: AB067613