Norristown Area Home of the Week: Quiet, Leafy Two-Cottage Property

NORRISTOWN, PA -- A quiet, leafy property in West Norriton now up for sale features two cottages and ample room for picnics. One home can also be rented out. See the full listing below:

• Address: 2011 W Main St, West Norriton, Pennsylvania
• Price: $575,000
• Square Feet:
• Bedrooms: 7
• Bathrooms: 6 Baths
• Built: 1921
• Features: 2011 W. Main, W. Norriton is located in the heart of the business district of W. Norriton as you leave Norristown en route to Eaglesville and points north. Its 2 buildings yield about 4,870 SF. Property offers a good investment of 4 apartments in the front building plus a second building to the rear in a quiet setting. The stand-alone cottage apartment building boasts 3 garages that can be rented separately--a rare find in this area of town at reasonable rental rates. An estimated half acre in the very back of the property offers additional investment opportunity for about 6 more units or related expansion. The 4 units in the front building are 2 bedrooms and the cottage has 3 bedrooms, kitchen, living and dining room--a spacious and much-sought after rental. Units are fully leased and easily rentable. Residents have back yard use for picnics, etc. and ample parking on site for vehicles. Units yield over 61.5K annual income; low expenses plus investment potential on half acre. 2011 W. Main is being sold separately and can be sold with listing 2009 W. Main,(MLS 6889732, see listing) directly next to it, yielding an additional 3 more units. 2009 W. Main offers an additional 19.2K gross income, 9.3K expenses; a one 2 bedroom, 1.5 bath unit and a one 1 bedroom, 1 bath unit with potential for additional efficiency apartment. Photo 1 is 2011 W Main and photo 2 is 2009 W Main (see MLS #6889732 & #6889791 for additional photos).

This listing originally appeared on realtor.com. For more information and photos, click here.

Images via Realtor.com