412 W MARSHALL STREET

NORRISTOWN, PA, 19401

$4,999,000

$4,999,000 per ft²
$4,999,000
$4,999,000 per ft²
Active Under Contract
Active Under Contract
 - For Sale
carpenters-square
1 ft²
property_type
Multi-family
calendar
Built 1910
$562,000.00/ Year Income! Huge $$$ upside Potential! TURN-KEY, Great CAP Real Estate Portfolio comprising 14 parcels boosting 41 Units. Consisting of 9 Commercial units that have long term Tenants with operations including Restaurants, Various Retail Businesses and Specialty shops. The Residential side of the Portfolio offers a unique breakdown as follows : 2 Four Bedroom Units, 8 Three Bedroom Units, 13 Two Bedroom Units, 7 One Bedroom Units and 2 Garages. This operation is run by a business which include equipment, maintenance supplies, vehicles, a complete security system and a highly trained long term staff dedicated solely to the day to day property management operating with state of the art software in place and Workshop located centrally to the entire Portfolio. Buildings and Maintenance shops are conveniently located next to each other. Management software with the database for all properties. High end camera system up and down W Marshall St, all remotely accessible from anywhere in the world! Highly trained and knowledgeable staff. Great Community relations. The Branding of DMS Properties (25 years), signage and great visibility in the heart of Downtown Norristown on W Marshall St. All properties located within a 1 mile radius. Scalable systems that can be used for upward mobility. Buyer responsible for U&O applications and requirements.
MLS® ID:
PAMC2049272
Updated:
1/30/23
Keller Williams Realty
The Behr Team

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
None
Heating
Central

Exterior/Building Features

Lot Size
6,027 ft² lot
Exterior Features
Above Grade
Architectural Style
Other
Sewer
Public Sewer

School Information

School District
NORRISTOWN AREA

Other Property Details

Area Name
Norristown Boro (10613)
Taxes
$11092.00
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
MONTGOMERY
Water Source
Public
Pool
No
Zoning
RES, MIXED USE COMMERCIAL
Sub Agency Compensation
0
Buyer Agency Compensation
1.5
Transaction Broker Compensation
0

Property History

Date
Event
Price
Value
1/15/23
Active Under Contract
-
-
12/26/22
Price Change
$4,999,000
-39%
11/19/22
Price Change
$8,250,200
-2%
11/5/22
Price Change
$8,475,000
-16%
10/6/22
Price Change
$10,100,000
-6%

Courtesy of EXP Realty, LLC, Redouane Chahid

Listing Contact:  

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©2023 BRIGHT MLS. All rights reserved.

Data last updated 9:41 AM UTC, 1/30/23

Keller Williams Realty
The Behr Team
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