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1321 Redwood Lane
Norristown, PA 19401

$4,919,400 - Status: ACTIVE
SQFT: 12,000
MLS# PAMC2198450

PACKAGE DEAL ONLY! WILL NOT BE SOLD INDIVIDUALLY. Exceptional investment portfolio deal featuring 19 total properties/units across Norristown, PA (19401). Generating a total gross monthly income of $40,095.00 ($481,140.00 annually) with total annual property taxes of $49,439.00, offered at a strong 10% Cap Rate with an asking price of $4,919,400.00. Included Properties & RentBreakdown: 1321 Redwood Ln: 4 Bed / 2 Bath ($2,280/mo) 107 Stanbridge St: 4 Bed / 1 Bath ($2,200/mo) 145 W Elm St: 4 Bed / 1 Bath ($1,900/mo) 151 W Elm St: 4 Bed / 1 Bath ($2,135/mo) 153 W Elm St: 4 Bed / 1 Bath ($2,000/mo) 157 W Elm St (Triplex): Apt A ($2,050/mo) | Apt B ($1,650/mo) | Apt C ($1,698/mo) Elm St Basement Laundry: Coin-Operated Basement Laundry ($326/mo) 712 Astor St: 3 Bed / 1 Bath ($1,850/mo) 220 W Spruce St: 3 Bed / 1.5 Bath ($1,780/mo) 828 Smith St: 3 Bed / 1 Bath ($2,020/mo) 721 W Oak St: 3 Bed / 2 Bath ($1,788/mo) 234 W Spruce St: 3 Bed / 1 Bath ($1,425/mo) 770 Kohn St: 4 Bed / 1 Bath ($2,000/mo) 313 Buttonwood St: 2 Bed / 1 Bath ($1,780/mo) 305 Buttonwood St: 2 Bed / 1 Bath ($1,780/mo) 309 Buttonwood St: 2 Bed / 1 Bath ($1,500/mo) 717 W Oak St: 3 Bed / 1 Bath ($2,329/mo) 840 Haws Ave: 3 Bed / 1 Bath ($2,329/mo) 1032 Cherry St: 4 Bed / 1 Bath ($1,975/mo) 214 Pearl St: 4 Bed / 1.5 Bath ($2,200/mo) Package Combination Note: This 19401 Norristown package deal can also be purchased in combination with our 14-property portfolio package in Pottstown, PA (19464) or as a total mega-portfolio package.

Property Features

MLS#: PAMC2198450
Zip: 19401
Subdivision:
Development: Norristown Boro
Property Type: Multi Unit - Multiple
Number of Units: 1
Cooling: Central A/C
Days on Site: 7
Fuel Type: Natural Gas
Heating: Central
Lot Size: 0.04 acres
Roof Type: Shingle
Taxes: $49,439
Year Built: 1960

Feature Descriptions

Additional Structures: Above Grade
Electric Description: 200+ Amp Service
Exterior: Brick
Flooring: Wood, Vinyl
Lot Dimensions: 0.04 Acre(S)
Municipality: NORRISTOWN BORO
Sewer: Public Sewer
Structure Type: Other
Three Bedroom Units: 7
Two Bedroom Units: 6
Units: 1
Water: Public

Local Schools

High School: NORRISTOWN AREA
Middle School: EISENHOWER
Elementary School: MARSHALL STREET
School District: NORRISTOWN AREA

1321 Redwood Lane | MLS# PAMC2198450

This multi-family property located at 1321 Redwood Lane, Norristown, PA 19401 is currently listed for sale with an asking price of $4,919,400. Redwood Lane is located within the NORRISTOWN AREA school district. Search Norristown real estate on christinelacomis.lewith-freeman.com today.

Listed By / Shown By

Listed By

Agency Name: Springer Realty Group
Agency Phone: 4844984000

Shown By

Agent Name: Christine Lacomis
Agent Phone: (570) 606-8085
Agency Title: Lewith & Freeman

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AGENT INFORMATION

Lewith & Freeman Christine Lacomis (570) 606-8085 CRLacomis@gmail.com

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Estimated Payment

$ 33,568.42 per month $28,013.68 Principal & Interest $4,119.92 Property Tax $1,434.82 Homeowner's Insurance

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