501 Swede Street

Norristown, PA
$ 575,000 Beds 6 Baths 0
Monthly Estimate* How much can I afford?

Historic and thriving mixed use retail and apartments with fantastic numbers for the savvy investor. Superb location adjacent to the Montgomery County Courthouse complex with all of its hustle and bustle and new 100 million dollar construction investment. Private parking lot. The retail space is a popular spa and salon and through a well secured separate entrance is 4 large and desirable apartment units. The numbers really work and your cap rate is just where you need it to be. Typical 1031 Exchange rules limitations are likely but won't interfere with your plan to make this a highly profitable venture.

Contingent

  • Price
  • $ 575,000
  • Lot Size
  • 3,049 SqFt
  • Bedrooms
  • 6
  • Full Bathrooms
  • 0
  • Year Built
  • 1900
  • Half Bathrooms
  • 0
  • City, Zip
  • Norristown
  • Taxes
  • 7884
  • County
  • MONTGOMERY
  • Style
  • Traditional
  • Area
  • Norristown Boro
  • MLS#
  • PAMC666628
  • Zip
  • 19401
Listing Provided by: RE/MAX Action Associates

Features

General

Acceptable Financing Cash, Conventional
Accessibility None
Architectural Style Traditional
Construction Materials Brick
Cool Fuel Electric
Cooling Wall Unit
County MONTGOMERY
Exclusions Tenants personal property
Exterior Features Street Lights
Garage Y/N No
Heating Forced Air
High School NORRISTOWN
High School District NORRISTOWN AREA
Location Type Corner Lot/Unit
MLS Area Norristown Boro (10613)
New Construction No
One Bedroom Units Count 2
Other Structures Above Grade, Below Grade
Ownership Fee Simple
Possession 31-60 Days CD
Price Per Sq Ft 77.7
Property SubType Quadruplex
Property Type Multi-Family
PropertyCondition Very Good
Real Estate Owned Y/N No
Rent Control Y/N No
Roof Cool/White
Sewer Public Sewer
Structure Type Detached
Tax Year 2020
Total Units 4
Two Bedroom 2
Vacation Rental Y/N No
View City
Water Access Y/N No
Zoning TOWN CENTER
Zoning Description The Town Center District is to encourage and permit uses that are compatible with the historic character of the downtown core.

Interior Features

Central Air Y/N No
Fireplace Y/N No
Furnished Units None
Heating Fuel Electric
Heating Y/N Yes
Hot Water Electric
Living Area 7400

Exterior Features

Lot Dimensions 25.00 x 0.00
Lot Size Acres 0.07
Lot Size Source Assessor
Lot Size Square Feet 2900.00
Navigable Water Y/N No
Parking Lot - # Of Spaces 6
Pool Y/N No Pool
Spa No
Total Parking Spaces 6
Type of Parking Parking Lot
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Ashburn, VA office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Norristown High School

Price History

10/7/2020 Listed $575,000

Property vs Zip Code Average in 19401

Price
AVG $170K
$580K
Taxes
AVG $4,829
$7,884
Visits
AVG 56
10
Year Built
AVG 1930
1900

Map

501 Swede Street Norristown, PA is a Single Family Home for sale at $575000 and a lot size of 3,049 SqFt Acre(s). 501 Swede Street Norristown has 6 bedrooms, 0 baths and was built in 1900. The property's zip code is 19401 which is in Norristown, PA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.