412 W MARSHALL ST $4,999,000

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    412 W MARSHALL ST NORRISTOWN, PA 19401

    ACTIVE UNDER CONTRACT
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    • 0 Beds
    • 0 Baths
    • 1 sq. ft.
    • Multi-Family
    • MLS# PAMC2049272
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    Views: 108 Days On Site: 166

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    Property Details

    $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.

    • General Features
      • County MONTGOMERY
      • Municipality NORRISTOWN BORO
      • New Construction Y/N N
      • Pool No Pool
      • Sale Type Standard
      • Tax Annual Amount $11,092
      • Tax Year 2021
      • Water Access Y/N N
      • Waterfront Y/N N
      • Year Built 1910
      • Zoning RES, MIXED USE COMMERCIAL
    • Building Features
      • Building Units Total 1
      • Cooling Fuel None
      • Cooling Type None
      • Garage Y/N N
      • Heating Fuel Natural Gas
      • Heating Type Central
      • Sewer Septic Public Sewer
      • Style Other
      • Total Living Area 1
    • Property Features
      • Lot Size Acres 0.14
      • Lot Size Dimensions 43.00 x 0.00
    • Schools
      • School District NORRISTOWN AREA

    Contact

    Scott Laughlin

    Scott Laughlin

    Realtor

    RS291403

    BHHS Fox & Roach Wayne-Devon Sales Office

    Mobile Phone: 215-275-1685
    • HSA Home Warranty

    Neighborhood

    Market Last 30 Days In This Postal Code

    $201,000 Median Sales Price
    28 Homes Sold
    30 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $4,999,000
        1/13/2023 5:26:49 PM Status Changed Source: Multiple Listing Service New Value: ACTIVE UNDER CONTRACT
        12/26/2022 12:56:07 PM Price Reduced Source: Multiple Listing Service New Value: $4,999,000 -39.41%
        11/18/2022 5:26:56 PM Price Reduced Source: Multiple Listing Service New Value: $8,250,200 -2.65%
        11/2/2022 3:28:14 PM Price Reduced Source: Multiple Listing Service New Value: $8,475,000 -16.09%
        10/4/2022 5:42:07 PM Price Reduced Source: Multiple Listing Service New Value: $10,100,000 -6.05%
        8/15/2022 10:28:00 PM New in Database Source: Multiple Listing Service New Value: $10,750,000

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        Information is supplied by seller and other third parties and has not been verified. All information provided is deemed reliable but is not guaranteed. All properties are subject to prior sale or withdrawal. Data may not be reproduced or redistributed and may not be used for any purpose other than consumers’ personal, non-commercial use. Copyright 2023 BRIGHT MLS – All Rights Reserved.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.