515 CHERRY ST Under Contract Save Request In-Person Tour Request Virtual Tour
Norristown,PA 19401
Key Details
Property Type Townhouse
Sub Type End of Row/Townhouse
Listing Status Under Contract
Purchase Type For Sale
Square Footage 2,664 sqft
Price per Sqft $148
MLS Listing ID PAMC2126102
Style Colonial
Year Built 1900
Annual Tax Amount $3,528
Tax Year 2023
Lot Size 3,340 Sqft
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
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Window Unit(s)
Exterior
Garage Spaces 3.0
Water Access N
Roof Type Shingle,Flat
Building
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Norristown Area
School District Norristown Area
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard