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Map
$315,000 - $383,000
●
Multifamily -
Off Market
551 CHERRY STREET
NORRISTOWN, PA 19401
Studio
0 Bath
2593 Sqft
About This Property
Investor Alert! Quadraplex located on the corner of Cherry and
Marshall St. Ideal for those who are looking to live in one unit
and rent the other three out, or for those looking to add to their
portfolio! All four units are currently rented. There is one, 1 bed
/ 1 bath, one 3 bed/1 bath, one studio and one 2 bed/ 2 bath unit.
The first-floor unit has forced air, the second floor has hot water
or forced air, and electric baseboard heat for the third floor.
Potential to collect higher rents on a few of the units! Currently
collecting $3500 in rents with projected rent estimated to be just
shy of $4000/month. Walking distance to several shops and
restaurants, easy access to main roads and public transportation
including train and bus routes. Call us today to schedule your
private tour. Note: Seller is also selling 36-38 Spruce St just a
few blocks away!
The manager has listed the unit size as 2593 square feet.
The manager has listed the unit size as 2593 square feet.
Unit Size
2,593Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$135
Property Type
Multifamily
Property Taxes
$323
HOA Dues
-
Year Built
1890
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jan 1, 2024 | No longer available | - | |
No longer available | |||
May 17, 2023 | In contract | - | |
In contract | |||
May 9, 2023 | Listed | $349,900 | |
Listed |
Property Highlights
Interior Details
Basement Information
Basement
Exterior Details
Exterior Information
Brick
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
House
6
Beds
4
Baths
2,763 ft²
$115/ft²
$317,500
Jul 6, 2020
$317,500
Sep 30, 2020
-
Sold
House
4
Beds
3
Baths
1,843 ft²
$184/ft²
$339,000
Nov 4, 2022
$339,000
May 5, 2023
-
House
3
Beds
2
Baths
1,880 ft²
$155/ft²
$292,000
Feb 11, 2023
$292,000
Apr 13, 2023
-
Sold
House
4
Beds
2
Baths
1,889 ft²
$152/ft²
$287,000
Jun 21, 2019
$287,000
Feb 14, 2020
-
Sold
Townhouse
3
Beds
3
Baths
1,621 ft²
$208/ft²
$337,500
Mar 16, 2023
$337,500
May 4, 2023
-
Sold
Townhouse
3
Beds
2
Baths
1,536 ft²
$195/ft²
$300,000
Feb 3, 2023
$300,000
Mar 20, 2023
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
05/09/2023
|
|
Studio
|
-
|
2593 ft²
|
$349,900
Studio
-
2593 ft²
|
-
-
|
-
|
Michael Sroka
Keller Williams Main Line
|