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Norristown, PA 19401,663 KOHN ST
Norristown, PA 19401,663 KOHN ST
Norristown, PA 19401,663 KOHN ST
$240,000
Est. payment /mo
$225,000
6.7%
Est.Price: ?

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1,936 SqFt
SOLD DATE : 01/10/2022

Key Details

Sold Price $240,000

Property Type Single Family Home

Sub Type Twin/Semi-Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 1,936 sqft

Price per Sqft $123

Subdivision Brandywine River

MLS Listing ID PAMC2016190

Sold Date 01/10/22

Style Other

Abv Grd Liv Area 1,936

Originating Board BRIGHT

Year Built 1860

Annual Tax Amount $3,713

Tax Year 2021

Lot Size 2,261 Sqft

Acres 0.05

Lot Dimensions 19.00 x 0.00

Property Description

OFFERS DUE Tues the 16th at Noon! Incredible, reliable ROI from clean Norristown duplex. Higher rent than many triplex properties but with minimal maintenance. Unit 1 - 1st floor is 1 bed, 1 bath apartment that was just renovated. Rear entrance. Sunny front bedroom with two closets, living room, large eat-in kitchen and full bath - all just redone. Unit 2 - Second and third floors make up the second unit with front and rear entrance. Second floor has large living room, middle bedroom with closet, full bathroom, and rear kitchen. Top floor has three additional bedrooms. This unit is currently occupied by a long term, Section 8 tenant (guaranteed rent) who has a fabulous rental history. $1651 a month, currently month to month. Downstairs unit used to be rented by another long term tenant for $950, also Section 8. After renovation, this unit could easily rent for $1000 through the same program. A clean sizeable yard out back leading to well-sized garage. The garage is currently rented for $60/mo, on a month-to-month basis but could also be rented for more. Assumed monthly rent of at least $2700 and minimal expenses means this property could easily get a cap rate of 10 or 11. Fully rented, this could potentially provide a 20-22% annual ROI! Could also be a good “house-hacking” opportunity for someone to live in the downstairs unit and have the upstairs one pay to cover the mortgage. What's more, the seller has done numerous repairs on the property and will take care of all Use and Occupancy requirements before settlement. Amazing opportunity!

Location

State PA

County Montgomery

Area Norristown Boro (10613)

Zoning R2

Rooms

Basement Full

Interior

Hot Water Natural Gas

Heating Radiant, Steam

Cooling None

Flooring Carpet, Engineered Wood, Vinyl

Fireplace N

Window Features Replacement

Heat Source Oil

Exterior

Parking Features Additional Storage Area

Garage Spaces 1.0

Water Access N

Roof Type Flat

Accessibility None

Total Parking Spaces 1

Garage Y

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 13-00-18932-009

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Megan M Augustin • BHHS Fox & Roach Wayne-Devon
Bought with Elena C Groves • Advantage Real Estate Services

GET MORE INFORMATION

Nathan Labish

+1(771) 999-4747

Real Estate Agent | License ID: 0225271116

Real Estate Agent License ID: 0225271116

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