326 Cherry Street Norristown, PA ^$ 245,000

326 Cherry Street

^$ 245,000

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326 Cherry Street

Norristown, PA, 19401

^$ 245,000

Bedrooms2 Baths0.0

Monthly Estimate*

^$ 1,628

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Multi-Family Home for sale in Norristown, PA

for $245,000 with 2 bedrooms. This home was built in 1850 on a lot size of 0.02.

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. Schedule your showing today.

Multi-Family Active

Price

^$ 245,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 2,541

Style

Lot Size

0.02

Year Built

1850

Town/City

Norristown

County/Region

Montgomery

MLS | Web ID

PAMC2105268

Features

Interior

Heating Fuel Electric

Basement Full

Flooring Luxury Vinyl Plank

Hot Water Natural Gas

Furnished Units None

Basement (Y/N) Y

Heating Y/N Y

Fireplace Y/N N

Street Suffix STREET

Central Air Y/N N

General

Sewer Public Sewer

Heating Baseboard - Electric

Cooling Wall Unit

Utilities Natural Gas Available Electric Available

Possession Immediate

Roof Flat

Zoning TC

Architectural Style Other

Construction Materials Brick

Year Built 1850

Property SubType Duplex

Tax Year 2024

Percent Ownership Fee Simple

Cool Fuel None

Municipality NORRISTOWN BORO

Accessibility None

County MONTGOMERY

New Construction N

Property Type Multi-Family

Subdivision Name NORRISTOWN

Garage Y/N N

Water Access Y/N N

Other Structures Above Grade Below Grade

Status ACTIVE

Directions Use GPS

City NORRISTOWN

Buyer Agent Compensation 2.5

NumberOfUnitsTotal 2

MLS Area Norristown Boro (10613)

Lot Size Units Square Feet

Lot Size Square Feet 976.00

Waterfront Y/N N

Number of Units Leased 1

Street Name CHERRY

Tax Annual Amount 2541.0

Property Condition Average

Two Bedroom 1

Structure Type Interior Row/Townhouse

Price Per Sq Ft Total 129.22

Acceptable Financing Cash Conventional

Rent Control Y/N N

Vacation Rental Y/N N

Days on Market 15

Standard Status Active

Year Built Source Assessor

Tax Lot 24

Buyer Agent Compensation Type % Of Gross

Exterior

Pool No Pool

Water Source Public

Type of Parking On Street

Foundation Details Stone

Water View Y/N N

Lot Dimensions 16.00 x 0.00

Lot Size Acres 0.02

Lot Size Source Assessor

Navigable Water Y/N N

Water Oriented Y/N N

Internal Only

Street Number 1 326

* Excluded Features

List By

Kw Empower

Broker

ryanm@tollrealtygroup.com

Affordability Calculator

$1,840

Per Month

Monthly Principal & Interest: $1,628
Monthly Property Taxes: $212
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% 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.

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Nearby

Trends
Schools

Multi-family listings in Norristown, PA

Average List Price ^$381,488

Percent of Sale Price 56%

About Norristown, PA

34,617 Population

11% Since 2002

^$44,280 Median Income

35.2 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2394784 Elementary School

2394785 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/21/2024	$245,000		Listed Price

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326 Cherry Street, Norristown, PA, 19401 is a Multi-Family Home for sale at $245,000 with a lot size of 0.02. 326 Cherry Street has 2 bedrooms, 0.0 baths, and was built in 1850. 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 6.99% 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.

Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BrightMLS Broker Reciprocity^SM program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Weichert, Realtors® participates, and is provided by BrightMLS through a licensing agreement.

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326 Cherry Street

Multi-Family Home for sale in Norristown, PA

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