329 W Johnson Highway Norristown, PA 19401
Listing Courtesy of: BRIGHT IDX / Coldwell Banker Realty / Mark Burkert

  329 W Johnson Highway Norristown, PA 19401

Active (35 Days)

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 25k a year.With market rent for the apartment, the building could produce about a 7.5% 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!

MLS #:
PAMC2123430
Taxes
$8,140(2024)
Lot Size
10,300 SQFT
Type
Multifamily
Year Built
1930
Style
Unit/Flat, Other
School District
Norristown Area
County
Montgomery County

Listed By

Mark Burkert, Coldwell Banker Realty
Source
BRIGHT IDX
Last checked Dec 23 2024 at 4:59 PM GMT+0000
Bathroom Details
Property Features
  • Below Grade
  • Above Grade
  • Foundation: Concrete Perimeter
Heating and Cooling
  • Forced Air
  • Central A/C
Exterior Features
  • Vinyl Siding
  • Stucco
  • Brick
Utility Information
  • Sewer: Public Sewer
  • Fuel: Natural Gas
Parking
  • Private
  • Paved Parking
  • Fenced
Location
   
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Disclaimer: Copyright 2024 Bright MLS IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 12/23/24 08:59