Patterson-Schwartz Real Estate329 W Johnson Highway, Norristown, PA 19401-1992 $425,000
Acreage: 0.24
Age:94 years
Taxes: $8,140
Design/Type:
Detached
Description
If you are looking for an easy investment without the headaches of doing repairs, remodeling and trying to find tenants, than here it is! With 3 stories and over 3,000 square feet this commercial/mixed use property is for you. Both units are occupied and tenants would like to stay. Utilities are separately metered. Currently the building is bringing in a net income of nearly 30k a year. Even with below market rent for the apartment, the building still produces close to a 7% return on investment. If you have a different vision for this property’s use, don’t fear, there are no lengthy leases in place. This could be a great place to live and run a business or whatever you choose to do. The street has a high traffic count and the lot can accommodate 12 vehicle parking. Starting with the first floor, we have an upscale working salon with reception and waiting area, multiple stations, therapy rooms, office, powder room and galley style kitchenette. There is also another office in the basement which happens to be dry and kept neat along with the utilities and storage area. For additional storage there is a shed in the back of the parking lot. The 2nd floor, 3 bedroom apartment is accessed from the rear staircase, which brings you to a large rear deck. There are two glass doors that lead you to the living room with a gas fireplace and sizable modern kitchen along with powder room. The third floor has a full bathroom nestled between the bedrooms that have vaulted ceilings and skylights. Everything is up to code as the fire Marshall recently did an inspection. Property has been kept in great condition. Buy with confidence!
Home Assoc: No
Condo Assoc: No
Basement:
Pool: No Pool
Features
Utilities
Forced Air Heating, Natural Gas, Central A/C, Electric, Hot Water - Natural Gas, Public Water, Public Sewer
Garage/Parking
Parking Lot, Fenced Parking, Paved Parking, Private Parking
Exterior
Concrete Perimeter Foundation, Brick Exterior, Stucco Exterior, Vinyl Siding
Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address.
Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.
Public Elementary (20 schools)
Public Middle (5 schools)
| School | District | Grades | Place | Distance |
|---|---|---|---|---|
| Colonial Middle School | Colonial School District | 6–8 | Plymouth Meeting | 0.64 mi |
| Eisenhower Middle School | Norristown Area School District | 5–8 | Norristown | 0.9 mi |
| East Norriton Middle School | Norristown Area School District | 5–8 | Norristown | 1.85 mi |
| Stewart Middle School | Norristown Area School District | 5–8 | Norristown | 2.04 mi |
| Upper Merion Middle School | Upper Merion Area School District | 5–8 | King of Prussia | 3.8 mi |
Public High (5 schools)
| School | District | Grades | Place | Distance |
|---|---|---|---|---|
| Central Montco Technical High School | Central Montco Technical High School | 9–12 | Plymouth Meeting | 0.32 mi |
| Roosevelt Campus of the Norristown Area | Norristown Area School District | 9–12 | Norristown | 1.15 mi |
| Norristown Area High School | Norristown Area School District | 9–12 | Norristown | 2.58 mi |
| Plymouth-Whitemarsh Senior High School | Colonial School District | 9–12 | Plymouth Meeting | 3.25 mi |
| Upper Merion High School | Upper Merion Area School District | 9–12 | King of Prussia | 3.85 mi |
Private (22 schools)
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This report is a detailed community overview for Norristown (19401), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 27
- Average salary of people in this community: $46,885
Community Summary
- Population Density (ppl / mile): 6,839
- Household Size (ppl): 2.48
- Households w/ Children: 60%
Housing Inventory
- Owned: 7,150 (38.5%)
- Rented: 9,259 (49.9%)
- Vacant: 2,161 (11.6%)
- Total: 18,570
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 6.7%
- Some High School: 10.5%
- High School Graduate: 34.1%
- Some College: 15.3%
- Associate Degree: 6.2%
- Bachelor's Degree: 16.3%
- Graduate Degree: 10.9%
Income by dollar range
Median Income: $53,696
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $909
- One Bedroom: $913
- Two Bedroom: $1,208
- Three Bedroom: $1,241
- Four Bedroom: $1,569
© 2024 LiveBy. All Rights Reserved.
Contact Information
Schedule an Appointment to See this Home
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or call me now at 302-285-0989
Listing Courtesy of: Coldwell Banker Realty , (610) 828-9558
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 11/19/2024.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.
