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326 CHERRY ST Norristown, PA 19401
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Key Details
Sold Price $225,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,896 sqft
Price per Sqft $118
Subdivision Norristown
MLS Listing ID PAMC2105268
Sold Date 07/22/24
Style Other
Abv Grd Liv Area 1,896
Originating Board BRIGHT
Year Built 1850
Annual Tax Amount $2,541
Tax Year 2024
Lot Size 976 Sqft
Acres 0.02
Lot Dimensions 16.00 x 0.00
Property Description
326 Cherry Street is prime for long term appreciation. This turnkey duplex sits just one block from the $415 million Montgomery County Justice Center project at the heart of Norristown's revitalization effort.
Unit 1 is a one bedroom apartment with plenty of light. Upstairs, Unit 2 is a bi-level 2 bedroom with a massive living room, dining room and 2 upstairs bedrooms. Both units have access to a shared backyard.
The property has undergone significant repairs in recent months, including upgrades to the electrical system, plumbing and the addition of a window in the first floor bedroom to comply with Norristown 's new fire safety standards.
Unit 2 was recently turned over and is ready for a new tenant. Market rent for this unit is $1500 and a long term tenant downstairs pays $985. Pro forma rent: $2,485. The 1% rule is in full effect here making 326 Cherry n excellent addition to any investor's portfolio.
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Location
State PA
County Montgomery
Area Norristown Boro (10613)
Zoning TC
Rooms
Basement Full
Interior
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling Wall Unit
Flooring Luxury Vinyl Plank
Fireplace N
Heat Source Electric
Exterior
Utilities Available Natural Gas Available, Electric Available
Waterfront N
Water Access N
Roof Type Flat
Accessibility None
Parking Type On Street
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Norristown Area
Others
Tax ID 13-00-07600-001
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with David Sawyer • Homestarr Realty
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