Price Reduction
Address
326 Cherry Street, Norristown, PA
Price
$ 230,000
Property Attributes
- MLS#PAMC2105268
- TypePending
- CountyMONTGOMERY
- CityNorristown
- AreaNorristown Boro
- NeighborhoodNorristown
- Zip19401
- Style
- Year Built1850
- Taxes$ 2541
- Price$ 230,000
- Bedrooms2
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.02 Acres
Data Source:
Bright MLS
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. Schedule your showing today.
| Price History | |
|---|---|
| 5/21/2024 | Listed $245,000 |
| 6/19/2024 | 7% - $230,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Baseboard - Electric |
| Cooling | Wall Unit |
| Utilities | Natural Gas Available,Electric Available |
| Possession | Immediate |
| Roof | Flat |
| Zoning | TC |
| Architectural Style | Other |
| Construction Materials | Brick |
| School District | NORRISTOWN AREA |
| Year Built | 1850 |
| Property SubType | Duplex |
| Tax Year | 2024 |
| Percent Ownership | Fee Simple |
| Cool Fuel | None |
| Accessibility | None |
| County | MONTGOMERY |
| New Construction | No |
| Property Type | Multi-Family |
| Subdivision Name | NORRISTOWN |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Status | PENDING |
| Directions | Use GPS |
| ModificationTimestamp | 2024-06-22T11:41:32 |
| City | NORRISTOWN |
| Buyer Agent Compensation | 2.5 |
| NumberOfUnitsTotal | 2 |
| MLS Area | Norristown Boro (10613) |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 976.00 |
| Tax Assessed Value | 41230.0 |
| Waterfront Y/N | No |
| Number of Units Leased | 1 |
| Tax Annual Amount | 2541.0 |
| Property Condition | Average |
| Two Bedroom | 1 |
| Structure Type | Interior Row/Townhouse |
| Single Room Units Count | 1 |
| NumberOfUnitsVacant | 1 |
| Other Units | Unit 1,Unit 2 |
| Price Per Sq Ft Total AG | 121.31 |
| Acceptable Financing | Cash,Conventional |
| Rent Control Y/N | No |
| Vacation Rental Y/N | No |
| Total SQFT | 1896 |
| Days on Market | 33 |
| Standard Status | Pending |
| Year Built Source | Assessor |
| Tax Lot | 24 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Basement | Full |
| Flooring | Luxury Vinyl Plank |
| Hot Water | Natural Gas |
| Furnished Units | None |
| Basement (Y/N) | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Central Air Y/N | No |
| LivingAreaSource | Assessor |
Exterior Features
| Pool | No Pool |
|---|---|
| Water Source | Public |
| Type of Parking | On Street |
| Land Use Code | 1132 |
| Foundation Details | Stone |
| Water View Y/N | No |
| Lot Dimensions | 16.00 x 0.00 |
| Lot Size Acres | 0.02 |
| Lot Size Source | Assessor |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Pending Average in 19401
Price
Taxes
Visits
Year Built
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