104 E MAIN STREET

Property Description

Great Mixed use property is the perfect addition for a buyer/investor looking to add a renovated property with significant income potential! Both units are vacant. Recent rents for each unit were below market at $1,350/month. Market rents for the 4 bedroom residential space are averaging $1800+/month. The first floor unit is a Renovated Retail / storefront space (around 700 sf.) that was previously a Coffee shop with a renovated full bathroom (handicapped accessible) with plenty of seating area. The zoning is TC, which allows for most retail uses. There is a large 4-bedroom Residential rental unit on the top two floors of the building with hardwood floors throughout the apartment. The 4 spacious bedrooms (two are 14x12 and two closer to 13x10) share one Full Bathroom. The kitchen leads to an outdoor deck. There are also 10' ceilings and plenty of natural light. Upgrades include the following (see attached Upgrade list): Central A/C (split units - 4 zones in the property installed 2019), Commercial space (new counters and electrical, plumbing), Refinished hardwood Flooring, Newer Laundry area with Washer/Dryer, Water Heater (2018), Electrical (200 amps - 3 separate panels), some Windows replaced . Location, Location, Location !!! Perfect location in Norristown to run a business or a good investment opportunity to generate rental income. The property offers walkability to local businesses and multiple public transportation options. Conveniently located in downtown Norristown close to major shopping areas, turnpikes (including Dekalb Pike-Route 202), and public transportation, making your daily commute and shopping a breeze. Recent development was announced in the immediate area! Schedule your showing today to secure this Investment property featuring many upgrades and rental income potential !