Price
$ 210,000

1223 W MAIN STREET, Norristown, PA 19401  
  • 2 beds
  • 3 baths
  • 2,248 sqft

1223 W MAIN STREET, Norristown, PA 19401  

This great investment property is on a highly visible corner of W. Main Street across from the CVS. The property has a great appeal to someone looking to live upstairs while covering half or more of the mortgage through rental income from the commercially zoned property by renting out the first floor. The property is zoned as commercial and the first floor is currently a successful hair salon. The salon is very well maintained and would take minimal change to convert it to another business. The first floor provides an open concept with plenty of windows and natural light. It has additional space in the back, which can be used for clients, customers or as a private office. There is also a waiting area and additional space for possible merchandise or a private office as well as a half bath. The exterior is well maintained and provides five off street parking spaces as well as ample on street parking. The layout could provide many possibilities for other business such as a nail salon, offices, restaurant or many other possibilities which may be confirmed with the city. An owner can choose to live upstairs to eliminate their commute by renting both floors for additional cash flow. The upstairs is currently owner occupied however has been previously rented for 1,200 dollars a month. The upstairs has a private entrance with two bedrooms, two full baths, a living room, eat-in kitchen and a newly updated oversized deck. The basement is partially finished offering additional space for client meetings or an employee lounge while the unfinished portion provides a laundry area and additional storage. The business and apartment are currently sharing the utilities being owner occupied however they have separate meters and can be easily converted back eliminating any common area gas and electric expenses. The water and sewer are paid by owner as they are tied together however can be reduced drastically as the salon uses more water then average. This property has many possibilities

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Listing Type
Single Family
Listing ID
6944853
Bedrooms
2
Bathrooms
3
House Size
2,248
Lot Size
3,920.00 sqft
Listing Status
Active
Year Built
1900
County
Montgomery
Full Bath
2
Half Bath
1
Subdivision
None Available
County School District
Elem: Norristown, Middle: Norristown, Jh
School District 3
NORRISTOWN
Zoning
RO
Taxes
3998.0
TaxYear
2017
Listing courtesy of Keller Williams Realty Group
Price History
Get price alerts on price change
Date Event Change Price
8/11/2017 Price change $-13,000 (-5.8%) $210,000
5/31/2017 Price change $-5,000 (-2.2%) $223,000
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