1 /
13
Map
$153,900
●
Townhouse -
Off Market
657 KOHN ST
NORRISTOWN, PA 19401
4 Beds
2 Baths,
1
Half Bath
1812 Sqft
$156,581
RealtyHop Estimate
1.74%
Since May 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)
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)
Unit Size
1,812Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$85
Property Type
Townhouse
Property Taxes
$258
HOA Dues
-
Year Built
1860
Last updated: 2 years ago (Bright MLS #PAMC2036532)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 27, 2023 | No longer available | - | |
No longer available | |||
May 12, 2022 | Listed by Springer Realty Group | $153,900 | |
Listed by Springer Realty Group | |||
Jul 30, 2018 | Sold | $48,000 | |
Sold | |||
Jan 22, 2008 | Sold to Mm Prop Llc Cp | $93,000 | |
Sold to Mm Prop Llc Cp |
Property Highlights
Building Info
Overview
Building
Neighborhood
Zoning
Geography
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
Townhouse
3
Beds
3
Baths
-
$170,000
Apr 18, 2020
$170,000
Aug 28, 2020
$449/mo