For Sale

Photo of 107 Stanbridge Street, Norristown PA
107 Stanbridge Street
Norristown, PA 19401
Bedrooms
3
Full Baths
1
Partial Baths
0
Acres
0.05
Interior Sq Ft
2,036
Age
93
Heating
Natural Gas
Cooling
Ceiling Fan(s)
Water
Public
Sewer
Public
Garages
0
Taxes (2023)
2,725
Additional Details Below

Description

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)

Room sizes

Living Room
14 x 12  Main Level
Dining Room
15 x 12  Main Level
Kitchen
16 x 15  Main Level
Office
12 x 4  Upper Level
Master Bed
15 x 16  Upper Level
Bedroom 2
15 x 12  Upper Level
Bedroom 3
13 x 9  Upper Level
Basement
x   Lower Level

Location

Driving Directions

See remarks for Multiple Property addresses. 11 property deal.

Listing Details for 107 Stanbridge Street

Summary
Architectural Type

Colonial

Interior Features
Basement

Full, Stone

Interior Features

Kitchen - Eat-In, Laundry: Basement

Rooms List

Living Room, Din

Exterior Features
Lot Features

Additional Lot(s)

Exterior Features

Sidewalks, Porch(es), Brick

Utilities
Cooling

Ceiling Fan(s), Electric

Heating

Forced Air, Natural Gas

Hot Water

Natural Gas

Sewer

Public Sewer

Water

Public

Assessment : 45,800
Zoning Designation R2
Lattitude : 40.118100
Longitude : -75.357610
MLS Number : PAMC2036318
Listing Courtesy: Springer Realty Group
Views : 163

Notes

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