Norristown, PA 19401,326 CHERRY ST
Norristown, PA 19401,326 CHERRY ST
Norristown, PA 19401,326 CHERRY ST
27
$225,000
$230,000
2.2%
Est.Price: ?

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1,896 SqFt

326 CHERRY ST Norristown, PA 19401

Est. payment /mo
SOLD DATE : 07/22/2024

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Key Details

Sold Price $225,000

Property Type Multi-Family

Sub Type Interior Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 1,896 sqft

Price per Sqft $118

Subdivision Norristown

MLS Listing ID PAMC2105268

Sold Date 07/22/24

Style Other

Abv Grd Liv Area 1,896

Originating Board BRIGHT

Year Built 1850

Annual Tax Amount $2,541

Tax Year 2024

Lot Size 976 Sqft

Acres 0.02

Lot Dimensions 16.00 x 0.00

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.

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Location

State PA

County Montgomery

Area Norristown Boro (10613)

Zoning TC

Rooms

Basement Full

Interior

Hot Water Natural Gas

Heating Baseboard - Electric

Cooling Wall Unit

Flooring Luxury Vinyl Plank

Fireplace N

Heat Source Electric

Exterior

Utilities Available Natural Gas Available, Electric Available

Waterfront N

Water Access N

Roof Type Flat

Accessibility None

Garage N

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 13-00-07600-001

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Ryan McLaughlin • KW Empower
Bought with David Sawyer • Homestarr Realty

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Lindsey Binks

Agent | License ID: 1642886

+1(609) 923-6752

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