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Map
$161,900
●
Townhouse -
Off Market
153 W ELM ST
NORRISTOWN, PA 19401
3 Beds
1 Bath
1450 Sqft
$164,721
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model
About This Property
Package purchase price is $1,971,579. See mls# PAMC2036110
for complete package listing. 10 single family houses and a triplex
with an onsite laundromat 100% occupied, being sold as a $1,971,579
package deal ONLY. Leases are NOT month to month. Math and numbers
are for all properties added up. All are legal rentals and fully
occupied with well vetted tenants. Excellent CAP rate! See Profit
and Loss math below and in documents section. High income producing
properties with extremely low bills and great POSITIVE cash-flow.
Very low maintenance with tenants in place. Rent incomes produce
$11,850 positive cash-flow per month or $142k+ per year after all
expenses! In the houses, the owner pays trash and sewer, tenant
pays everything else. Triplex tenants pay for PECO (Gas and
electric) utilities, owner pays everything else. Owner pays ONLY
Water, Sewer, Trash, Common Lights, Gas to heat the laundry room
($9,112/year), Insurance ($6,681/year) and Taxes ($34,798/year).
Rental Incomes: 107 Stanbridge ($15,866/year), 220 Spruce
($13,177), 657 Kohn ($17635/year), 712 Astor ($13,700/year), 808
George ($22,200/year), 828 Smith ($20,220/year), 1321 Redwood
($17,509/year), 145 Elm ($15,900/year), 151 Elm ($19,275/year), 153
Elm ($18,274/year), 157 W Elm ($36,616+6k others/year).
Profit and Loss Math: Rents: $15866+$13,177+$17,635+$13,700+$22,200+$20,220+$17,509+$15,900+$19275+$18,274+$36,616+ Triplex Laundry + Other Income $5,921=$216,294 per year gross income - $9,112 (Sewer/Trash/Common Lights/Gas) - $34,798 (Property Taxes) - $6,681 (Insurance) – Repair Supplies and Services $6,726 – $1,334 (Permits and Licenses) – $5,100 (Admin Expense) – $10,307 Vacancy Allowance (5%) = $142,233 Positive Cash Flow.
Properties in the package deal are: 107 Stanbridge St, Norristown, PA 19401 (Tax ID: 13-00-35232-008), 220 W Spruce St Norristown, PA 19401 (Tax ID: 13-00-34128-005), 657 Kohn St Norristown, PA 19401 (Tax ID: 13-00-18920-003), 712 Astor St Norristown, PA 19401 (Tax ID: 13-00-02816-006), 808 George St Norristown, PA 19401 (Tax ID: 13-00-13260-002), 828 Smith St, Norristown, PA 19401 (Tax ID: 13-00-33704-006), 1321 Redwood Ln, Norristown, PA 19401 (Tax ID: 13-00-31968-005), 145 W Elm St, Norristown, PA 19401 (Tax ID: 13-00-10600-007), 151 W Elm St, Norristown, PA 19401 (Tax ID: 13-00-10612-004), 153 W Elm St Norristown, PA 19401 (Tax ID: 13-00-10616-009), 157 W Elm St, Norristown, PA 19401 (Tax ID: 13-00-10624-001)
Profit and Loss Math: Rents: $15866+$13,177+$17,635+$13,700+$22,200+$20,220+$17,509+$15,900+$19275+$18,274+$36,616+ Triplex Laundry + Other Income $5,921=$216,294 per year gross income - $9,112 (Sewer/Trash/Common Lights/Gas) - $34,798 (Property Taxes) - $6,681 (Insurance) – Repair Supplies and Services $6,726 – $1,334 (Permits and Licenses) – $5,100 (Admin Expense) – $10,307 Vacancy Allowance (5%) = $142,233 Positive Cash Flow.
Properties in the package deal are: 107 Stanbridge St, Norristown, PA 19401 (Tax ID: 13-00-35232-008), 220 W Spruce St Norristown, PA 19401 (Tax ID: 13-00-34128-005), 657 Kohn St Norristown, PA 19401 (Tax ID: 13-00-18920-003), 712 Astor St Norristown, PA 19401 (Tax ID: 13-00-02816-006), 808 George St Norristown, PA 19401 (Tax ID: 13-00-13260-002), 828 Smith St, Norristown, PA 19401 (Tax ID: 13-00-33704-006), 1321 Redwood Ln, Norristown, PA 19401 (Tax ID: 13-00-31968-005), 145 W Elm St, Norristown, PA 19401 (Tax ID: 13-00-10600-007), 151 W Elm St, Norristown, PA 19401 (Tax ID: 13-00-10612-004), 153 W Elm St Norristown, PA 19401 (Tax ID: 13-00-10616-009), 157 W Elm St, Norristown, PA 19401 (Tax ID: 13-00-10624-001)
Unit Size
1,450Ft²
Days on Market
-
Land Size
0.03 acres
Price per sqft
$112
Property Type
Townhouse
Property Taxes
$190
HOA Dues
-
Year Built
1900
Last updated: 2 years ago (Bright MLS #PAMC2036550)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 27, 2023 | No longer available | - | |
| No longer available | |||
| May 12, 2022 | Listed by Springer Realty Group | $161,900 | |
| Listed by Springer Realty Group | |||
| Dec 2, 2005 | Sold | $35,000 | |
| Sold | |||
| Jun 9, 1998 | Sold to A R Investments J | $7,000 | |
| Sold to A R Investments J | |||
Property Highlights
Building Info
Overview
Building
Neighborhood
Zoning
Geography
153 W ELM ST
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
In Contract
Townhouse
5
Beds
1
Bath
1,770 ft²
$101/ft²
$179,000
Feb 17, 2023
-
$149/mo
About Norristown
Similar Homes for Sale
Nearby Rentals
Listed by: Gregory Martire
Springer Realty Group
Last Updated: 7 hours ago
Data Source: Bright MLS , MLS# PAMC2036550
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, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 Bright MLS, Inc.
Springer Realty Group
Last Updated: 7 hours ago
Data Source: Bright MLS , MLS# PAMC2036550
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc.
