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Map
$201,030*
↓ $100 (0.1%)
●
Townhouse -
Off Market
1321 REDWOOD LANE
NORRISTOWN, PA 19401
3 Beds
1 Bath
1188 Sqft
$171,000 - $207,000
Reference Base Price*
5.86%
Since Feb 1, 2023
National-US
Primary Model
About This Property
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)
The manager has listed the unit size as 1188 square feet.
The manager has listed the unit size as 1188 square feet.
Unit Size
1,188Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$160
Property Type
Townhouse
Property Taxes
$293
HOA Dues
-
Year Built
1960
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 19, 2023 | Price Decreased |
$189,900
↓ $100
(0.1%)
|
|
| Price Decreased | |||
| May 11, 2022 | Listed | $190,000 | |
| Listed | |||
Property Highlights
1321 REDWOOD LANE
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|
Building Info
