Fantastic investment opportunity in the heart of Norristown! This well-maintained property features four spacious apartments: two 2-bedroom units and two 1-bedroom units. Located on one of the best blocks in Norristown, just steps from the upcoming $400 million courthouse, this building has undergone numerous updates including new windows, flooring, safety upgrades, masonry repairs, and more. The property has a recent U&O permit from the Municipality of Norristown and holds a legal 4-unit rental license. Currently, three of the four units are occupied, generating substantial income of over $6,000/month, with the potential to exceed $7,700/month when fully rented. The ground-floor unit is newly renovated and vacant, making it ideal for an investor or an owner-occupant. Donât miss out on this high-income property with incredible location benefits!
This property boasts tremendous potential and the perfect canvas for the savvy investor or homeowner. There have been some updates to the interior units, but this property offers endless opportunities and is poised for transformation. There are tenants in place and with the right investor there is potential of increase in rental income. All properties as is condition, buyer to pay for U & O
Three unit triplex with town center zoning in Norristown. Few blocks from the courthouse and septa. Corner property with attached garage on side of building. Gas, Electric and hot water heaters are all separated. Being sold as is and buyer responsible for U&O.
Investor's Alert! All brick exterior duplex located in upper end of Norristown. 2 Apartment's are Identical and features 2 bedrooms and 1 bathroom. Excellent condition with carpeting throughout each apartment with tile flooring in the breakfast area, bathrooms, kitchens. Each kitchen features gas cooking and a refrigerator heating is gas forced air and cooling. Each apartment has a large private basement with plenty of storage room plus there own washer and dryer and a shared nice size back yard and off street parking. Both apartments are tenant occupied bringing in $2,868.00 + a month, Sec-8 Housing Approved, leases are month to month and landlord pays water, sewer and trash. "Schedule Your Tour Today"
Very large mixed use building just steps away from the Montgomery Courthouse. This mixed use building features 3 units and has 6 off street parking spots included with access in the rear of the building. The second and third floors are one apartment unit that is currently occupied. It features 3 bedrooms and 2 full baths. There is also a 2,000 SF ground floor commercial space has 30 frontage on Swede Street near highly desirable shopping, residential areas, and many other amenities making this a convenient space for locating your office or small business. This clean, spacious, and bright office suite area includes 3 to 4 office spaces that can be configured for several people with a conference room, waiting area, and kitchenette. there is also a storage garage in the rear that is currently rented out. Please allow 48-hr notice for showing tenant-occupied portion. Lower level (office area) is unoccupied.
Investor Alert! Fantastic multi-unit property at Norristown, PA. This property features multiple rental units with excellent income potential. The first floor is a 1-bedroom unit with separate dining and living rooms, currently rented for $1,000/month. The second unit offers a 4-bedroom unit, rented for $2,000/month. This opportunity providing an immediate income opportunity. Don't miss out on this prime investment in a high-demand area! Seller is getting a whole new roof for the property.
Norristown INVESTORS welcome to 57 E Wood St. A 2 unit detached duplex with a nice side yard. Property has had long standing tenants and one just moved out. One 3 bedroom 2 full bath unit (2nd and 3rd floor - rented for $1200) is currently occupied and one 1 bedroom 1 bathroom unit (1st floor) is currently vacant. The basement can be accessed through the 1st floor unit and it also has its own entrance from the exterior. Units could benefit from some cosmetic updates. Seller will not do any repairs this is an as is sale in as is condition, buyer to pay for U & O. Bring us an offer today!!!
Don't miss out on this excellent opportunity to own a 5-unit investment property with tons of original detail. The property consists of a 4 unit newly painted building and an attached house on one tax parcel. It's fully leased with current monthly income of $5080.00. Property is conveniently located only blocks from shopping, schools, parks, houses of worship, and transportation. 4 units have updated kitchens and bathrooms, including counter tops, flooring, cabinets and back splashes. CAP rate equals 7.2%
*Investor Alert! A duplex on a well maintained street in Norristown with a 1 Bed/1 Bath downstairs unit and a 3 Bed/1Bath unit on the 2nd floor. A great location in a great neighborhood. Both tenants are on a month to month lease worth $850/m (1Bed) and $1500/m 2 (bed). Perfect for an owner occupied duplex where one unit rent can cover your mortgage, or for an experienced multi-family investor looking to expand their portfolio at a competitive asking price. 1 Bed unit is a large and spacious with a nicely sized covered patio. Rent is currently below market and could also easily be converted into a 2 bed unit. 3 Bed Unit has additional room off back with both a front and rear entry, A large shared basement with its own exterior access into the backyard houses a 2 year old furnace and washer/dryer. The basement also showcases new heating units. Stanbridge St. is conveniently located right off of Route 202, 276, 76, and 476. Showing Contact Thomas Burleigh
711 rent $1450, 713 Rented for $1450, 715 rent is $1100 a month Investment Opportunity. Currently rented. 3 properties being sold. 711 Cherry, 713 Cherry, 715 Cherry. All 3 properties are separately deeded separate parcel numbers.
All properties as is condition, buyer to pay for U & O This property boasts tremendous potential and the perfect canvas for the savvy investor or homeowner. There have been some updates to the interior units, but this property offers endless opportunities and is poised for transformation. There are tenants in place and with the right investor there is potential of increase in rental income.
The median home value in Norristown, PA is $269,900. This is lower than the county median home value of $419,100. The national median home value is $338,100. The average price of homes sold in Norristown, PA is $269,900. Approximately 37.62% of Norristown homes are owned, compared to 52.57% rented, while 9.81% are vacant. Norristown real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Norristown real estate agent to arrange a tour today!
Norristown, Pennsylvania 19401 has a population of 35,607. Norristown 19401 is less family-centric than the surrounding county with 28.15% of the households containing married families with children. The county average for households married with children is 34.89%.
The median household income in Norristown, Pennsylvania 19401 is $55,354. The median household income for the surrounding county is $99,361 compared to the national median of $69,021. The median age of people living in Norristown 19401 is 33.6 years.
The average high temperature in July is 87.2 degrees, with an average low temperature in January of 21.2 degrees. The average rainfall is approximately 46.9 inches per year, with 16.7 inches of snow per year.