329 West Johnson Highway

Norristown, PA 19401

$425,000
Price
3
Beds
1
Bath
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

If you are looking for an easy investment without the headaches of doing repairs, remodeling and trying to find tenants, than here it is! With 3 stories and over 3,000 square feet this commercial/mixed use property is for you. Both units are occupied and tenants would like to stay. Utilities are separately metered. Currently the building is bringing in a net income of nearly 25k a year. With market rent for the apartment, the building could produce about a 7.5% return on investment. If you have a...If you are looking for an easy investment without the headaches of doing repairs, remodeling and trying to find tenants, than here it is! With 3 stories and over 3,000 square feet this commercial/mixed use property is for you. Both units are occupied and tenants would like to stay. Utilities are separately metered. Currently the building is bringing in a net income of nearly 25k a year. With market rent for the apartment, the building could produce about a 7.5% return on investment. If you have a different vision for this property’s use, don’t fear, there are no lengthy leases in place. This could be a great place to live and run a business or whatever you choose to do. The street has a high traffic count and the lot can accommodate 12 vehicle parking. Starting with the first floor, we have an upscale working salon with reception and waiting area, multiple stations, therapy rooms, office, powder room and galley style kitchenette. There is also another office in the basement which happens to be dry and kept neat along with the utilities and storage area. For additional storage there is a shed in the back of the parking lot. The 2nd floor, 3 bedroom apartment is accessed from the rear staircase, which brings you to a large rear deck. There are two glass doors that lead you to the living room with a gas fireplace and sizable modern kitchen along with powder room. The third floor has a full bathroom nestled between the bedrooms that have vaulted ceilings and skylights. Everything is up to code as the fire Marshall recently did an inspection. Property has been kept in great condition. Buy with confidence!
  1. Listed by Mark Burkert • Coldwell Banker Realty
    P: (215)-280-3903 mark.burkert@cbpref.com

Property Details for 329 West Johnson Highway

Tax ID Number
33-00-04657-008
Ownership
Fee Simple
Structure Type
Detached
Style
Other, Unit/Flat
Waterfront
No
Garage
No
Municipality
EAST NORRITON TWP
Central Air
Yes
LISTING UPDATED: 11/22/2024 08:58 AM

Property Details for 329 West Johnson Highway

StatusActive
MLS #PAMC2123430
Days on Market33
Taxes$8,140 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1930
Lot Size0.24 AC / 10,300 SF
CountyMontgomery County

Virtual Tour

Building Information for 329 West Johnson Highway

Stories-Residences2Year Built1930Building Size-Lot Size0.24 AC / 10,300 SF

Property Information for 329 West Johnson Highway

Location
Location
  • School District Name: NORRISTOWN AREA
  • School District County ID: 300200397035
  • SchoolDistrictSource: Listing Agent
  • County: MONTGOMERY
  • MLS Area: East Norriton Twp (10633)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2024
  • Tax Assessed Value: $174,240
  • Year Assessed: 2024
  • County Tax: $834
  • Improvement Assessed Value: $0
  • City Town Tax: $475
  • Land Assessed Value: $0
  • Clean Green Assessed: No
  • Land Use Code: 4100
  • Zoning: C
  • Tax Lot: 18
  • School Tax: $6,830
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Advertising/Licenses and Permits, Insurance, Repairs, Snow Removal, Taxes - Real Estate, Trash Collection, Water
Unit Information
Unit Information
  • Single Room Units Count: 1
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 1
  • Other Units: Unit 1,Unit 2
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Unit Type Lease Type: None
  • Beds Total: 0
  • Half Baths Count: 1
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Unit Type Lease Type: Gross
  • Beds Total: 3
  • Half Baths Count: 1
  • Full Baths Count: 1
  • Unit Type Features: 3 bedrooms
  • Total Rooms: 5
Financial Information
Expenses
  • Operating Expense: $13,966
  • Operating Expense Includes: Insurance, Snow Removal, Trash
  • Insurance Expense: $3,990
  • Trash Expense: $456
  • Maintenance Expense: $200
  • Other Expense: $1,080
Financial Information
  • Gross Income: $38,400
  • Net Operating Income: $24,434
  • Annual Rental Income: $38,400
  • Income Includes: Apartment Rentals, Shop Rentals
  • Existing Lease Type: Gross
Building Info
Building Info
  • Building Level Count: 3
  • Building Units Total: 2
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 69.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 681198
Parking
Parking
  • Type Of Parking: Parking Lot
  • Parking Features: Fenced, Paved Parking, Private
Interior Features
Interior Features
  • Fireplace: Yes
  • Fireplaces Count: 1
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Tri-County Suburban REALTORS

Property History for 329 West Johnson Highway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 329 West Johnson Highway

Taxable ValueLand$77,140Additions$97,100Total$174,240
Tax Record2023$8,208 ($684 / month)
Home Facts
Total Finished SqFt3,800 SqFtAbove Grade Finished SqFt3,800 SqFtLot Size10,300 SqFtStyleOffice BuildingYear Built1930ZoningCCountyMONTGOMERYAPN33-00-04657-00-8

Schools near 329 West Johnson Highway

This home is within Norristown Area School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 8
Public - 5 to 8
Public - 9 to 12
Rating
School
Distance
Cole Manor El School
PublicK to 4

Stewart Middle School
Public5 to 8

East Norriton Middle School
Public5 to 8

Norristown Area High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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329 West Johnson Highway is a multi-family home for sale in Norristown, PA 19401. This property was listed for sale on November 19, 2024 by Coldwell Banker Realty, it's currently listed at $425,000. This listing's school district is Norristown Area School District. Nearby schools include Cole Manor El School, Stewart Middle School and East Norriton Middle School. 329 West Johnson Highway is a 3-bed, 1-bath, multi-family home built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.