501 Swede St, Norristown, PA 19401 | For Sale

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For Sale $829,000 ($112.03 per Sq Ft)

$829,000 ($112.03 per Sq Ft)
  • (0)
  • 4 Units
  • 7,400 Sq Ft
  • 2,900 Sq Ft
  • Unknown Cap Rate

Description

Across the street from the county seat Montgomery County Court House. The property is in a prime location. Just a 1-block walk to the bus stop, grocery store . A short walk to Elmwood Park, the Norristown Zoo, Montgomery County Courthouse, train station (to Philadelphia) and the Norristown Public Library. Five-minute drive to King of Prussia, 30 minutes to Philadelphia. This is a rare opportunity to own 4 apartments under one roof and a commercial space great for a Starbucks. The rental demand in this area is strong. Montgomery County Housing Authority reimbursement for an apartment in this area is see attachment a month (per unit). If you haven't recently visited, you may not have seen all the improvements that have occurred in Norristown from streetscapes, the cultural district, and major transportation improvement projects to thriving neighborhoods - commercial growth in Norristown is on the rise. Norristown is home to many new businesses - and existing businesses are expanding. The Recreation Department provides programs for children and adults throughout the year. The Thomas Barone Memorial Complex offers 3 athletic fields, one with lights, for youth baseball and softball programs. Latshaw Field is host to the Chestnut Hill University Baseball Team. Elmwood Park offers: Bocce Ball, picnic areas, a brand new impressive 3 story playground, as well as outdoor concerts on Sundays and volleyball. The property along the Norristown riverfront is readied for redevelopment and the path forward for a thriving riverfront in place. Schuylkill River Trail and Norristown Transportation Center development has been completed. The 70-acre parcel that was the former site of the State Hospital was deeded to Norristown borough from the state last year. Plans for the re-development of this site are nearing completion.?

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Amenities

Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt

Income

Rental Units


The income description goes here to explain

Expenses

Property Details

List Price $829,000
Property Type Other
Usable Sqft 7,400
Number of Stories 4 stories
Parking Spots 0 spots
Year Built 1900
Last Sold Unknown
Sold Price Unknown
APN # 130036256001
MLS # PAMC2110606
Property ID 320008263
Lot Sqft 2,900
Zoning TOWN CENTER
Total Units 4
Days on Market 249
Original List Price Unknown
Date Updated February 03, 2025
Date Created July 16, 2024
Unit # Beds Baths Current Rent Proforma Rent
Unit #1 $6,180 $0

Listing Provided By

George Korkus Jr an agent of . Lic #AB042252A


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Data last updated: March 22, 2025.
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