See Home Value
Norristown 19401
657 KOHN STREET
$162,920*
↓ $100 (0.1%)
Townhouse - Off Market

657 KOHN STREET

NORRISTOWN, PA 19401
bedrooms
4 Beds
bathrooms
1.5 Baths, 1 Half Bath
square feet
1812 Sqft
$138,000 - $168,000
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 1812 square feet.
Unit Size
1,812Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$85
Property Type
Townhouse
Property Taxes
$252
HOA Dues
-
Year Built
1860

Price History

Date / Event Date Event Price
Jan 19, 2023 Price Decreased $153,900
↓ $100 (0.1%)
Price Decreased
May 12, 2022 Listed $154,000
Listed
Jul 30, 2018 Sold $48,000
Sold

Property Highlights



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Townhouse
4 Beds
1 Bath
1,450 ft²
$108/ft²
$156,900 May 12, 2022
-
$185/mo
Townhouse
4 Beds
1.5 Baths
1,450 ft²
$115/ft²
$167,400 May 12, 2022
-
$227/mo
Townhouse
3 Beds
1 Bath
1,450 ft²
$112/ft²
$161,900 May 12, 2022
-
$185/mo
Townhouse
3 Beds
1 Bath
1,484 ft²
$123/ft²
$181,900 May 12, 2022
-
$227/mo
Townhouse
3 Beds
1 Bath
1,148 ft²
$136/ft²
$155,900 May 12, 2022
-
$227/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

657 Kohn Street 657 Kohn Street, Norristown, PA 19401
  • 1 Unit for Sale
More about this Building
657 Kohn Street
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About Norristown


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