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$166,096*
↓ $100 (0.1%)
●
Townhouse -
Off Market
151 W ELM STREET
NORRISTOWN, PA 19401
4 Beds
1 Bath
1450 Sqft
$141,000 - $171,000
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 being sold as a $1,971,579 package deal
ONLY. 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 1450 square feet.
The manager has listed the unit size as 1450 square feet.
Unit Size
1,450Ft²
Days on Market
-
Land Size
0.03 acres
Price per sqft
$108
Property Type
Townhouse
Property Taxes
$185
HOA Dues
-
Year Built
1900
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 19, 2023 | Price Decreased |
$156,900
↓ $100
(0.1%)
|
|
| Price Decreased | |||
| May 12, 2022 | Listed | $157,000 | |
| Listed | |||
| Dec 2, 2005 | Sold | $35,000 | |
| Sold | |||
Property Highlights
151 W ELM STREET
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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
Active
Townhouse
4
Beds
1.5
Baths
1,450 ft²
$115/ft²
$167,400
May 12, 2022
-
$227/mo
Active
Townhouse
3
Beds
1
Bath
1,450 ft²
$112/ft²
$161,900
May 12, 2022
-
$185/mo
Active
Townhouse
3
Beds
1
Bath
1,148 ft²
$136/ft²
$155,900
May 12, 2022
-
$227/mo
Active
Townhouse
5
Beds
1
Bath
1,770 ft²
$101/ft²
$179,000
Feb 17, 2023
-
$149/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|
Building Info
151 West Elm Street
151 West Elm Street, Norristown, PA 19401
- 1 Unit for Sale
