Check out this solid, fully occupied triplex on Cherry street in Norristown! Set up with two 1 bedroom 1 bath units, one 3 bedroom 3 bath unit. Annual taxes under 4k per year. The units have been refreshed and remodeled in 2021. Current rents for the building are $3795 per month ($43,620 annually). Professional property management is in place. Tenants pay their own utilities and a flat monthly fee for water. The building includes 3 car off street parking in the rear alleyway parking lot. All 3 water heaters were recently replaced in the fall of 2024. In unit heat is electric so tenants can control their own heat and pay their own bill! The building is located across a short walk to the Montgomery County courthouse and Norristown Transportation Center and convenient access to all commuter routes 202, 76, 422 and 476. Buyer is responsible for U&O. Schedule your tour of this great investment opportunity!
2025 goal to add to your investment portfolio? Don't miss the massive , fully occupied, income producing quadplex in a stellar location of Norristown! This building is over 4900 sqft above grade and is set up with two 1 bedroom units, one 4 bedroom unit and one 3 bedroom unit. Annual taxes under 5k per year. The units have been refreshed and remodeled within the last 4 years. Current rents for the building are $5725 per month ($68,700 annually). Professional property management is in place. Tenants pay their own utilities and a flat monthly fee for water. Located in a well trafficked corridor of Dekalb street with Neighborhood Commercial zoning, there are multiple options for this property in addition to its usage as a Quadplex. The building is located across from the Dekalb Supermarket, a short walk to the Montgomery County courthouse and Norristown Transportation Center and convenient access to all commuter routes 202, 76, 422 and 476. Buyer is responsible for U&O. Schedule your tour of this great investment opportunity!
ALL 8 UNBITS ARE OCCUPIED , GOOD FOR INVESTMENT PROPERTY, MONTGOMERY COUNTY , HIGH CAP RATE INVESTMENT PROPERTY, MUST SEE !!! Pre-approval letter, and/or proof of funds required for showings, serious inquiries only It is the responsibility of buyer and buyer's agent to confirm square footage estimates and annual tax amounts. 536-540 E Main 8 Units, 536 Unit 1 : 1bed/1bath 536 : $1,200/ MONTH , Unit 2R: 1 bed/1 bath : $1,200/ month rent, 536 Unit 3: 2 bed/1 bath : rent:$1,500/month . 536 Unit 4: 1 bed/1 bath : rent $1,300/month . 536- 540 Unit 3rd Floor: 5 bed/2bath : rent $3,000/month , 540 1st Front: 2 bed/1bath : rent 1,800.00 /month . 540 Unit 2R: 1 bed/1bath :rent 1,300/month , 540 Unit 2nd Fl: 1 bed/1 den/1 bath: rent $2,000.00/month . so total monthly rent is $13,000.00 so annuall $150,000.00 Parking, Laundry
Great opportunity to own one of the few well maitained mixed use properties in Norristown. Fist floor is a good size commercial space, was used as a barber shop. Upstairs is a 2/3 bedroom apartement with a tenant in place. Buyer responsible for all U&O requirements.
Great opportunity to own a Large 4 unit office/apartment! Currently being used as a Dentist office on the front first floor, including 4 exam rooms, waiting room, storage room, reception area and half bath. Long time Tenant occupied in remaining 3 apartments each with their own entrance First large apartment includes, 4 bedrooms, living/dining room, kitchen, 1 full and 1 half bathroom, walk out basement nice patio and rear yard! 2nd apartment boasts large eat in kitchen, great room, 1 bedroom, 1 full bathroom and storage/laundry in basement. 3rd apartment large living room, Kitchen, 1 full bath, 1 bedroom inside access to basement with storage and laundry. 1022 shares the basement. 1024 rear has it's own walk-out basement. Large front porch, rear yard
3800+ square foot single home located on a block with other businesses.Off street parking for 6 cars in the rear of the building.Currently set up as 3 units but the buyer should check zoning for their future needs.
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 propertyâs use, donât 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!
Dentist 1s floor monthly rent is $3925 call for more details. 6192 Total Sq Ft includes updated apartment on 2nd and 3rd floors 4 bedrooms 1 1/2 baths Section 8 paying about $3,000 a month for a 4 bedroom. 6192 Total Sq Ft includes updated apartment on 2nd and 3rd floors 4 bedrooms 1 1/2 baths. Dental office on 1st floor, waiting area, reception and numerous examination rooms plenty of room for expansion a medical building with other medical services eye doctor dermatologist etc 2 half baths . Three parking spaces behind the building and lots of street parking. Full finished basement usable space. Just a few blocks to Elmwood Park and the Norristown Zoo. Norristown! If you haven't recently visited, you may not have seen all the improvements that have occurred. From streetscapes, the cultural district, and major transportation improvement projects to thriving neighborhoods - commercial growth in Norristown is on the rise. Norristown is home to many new businesses - and our existing businesses are expanding! The Recreation Department provides programs for children and adults throughout the year. Our Thomas Barone Memorial Complex offers 3 fields, one with lights, for our youth baseball and softball programs. Latshaw Field is a host to Chestnut Hill University, Connie Mack Baseball During the Baseball Season Norristown Diamonds Senior League Baseball (Ages 30 and Over)We also have an adult softball field at Sully Gelet field and Patti Simons Field. Elmwood Park offers: Bocce ball picnic areas Sunday Concerts Volleyball :RIVERFRONT REDEVELOPMENT as property along the riverfront is readied for redevelopment, the path forward for a thriving riverfront is also underway. Schuylkill River Trail The trailhead at Norristown Transportation Center was developed for use by trail users through the cooperation of Municipality of Norristown, Montgomery County Parks and PA Heritage Parks, and SEPTA. Trail users may use these parking facilities at no cost after 5 p.m. on weekdays and all weekend. Visit the Schuylkill River Trail website to learn more. Elmwood Park Zoo is a zoo located in Norristown, Pennsylvania.
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
Huge potential for turnkey rental properties in Worcester township, Methacton school district. The farmhouse has 2 one bedroom rentals (one is currently rented on a month to month basis) in addition to a very large ranch home behind the farmhouse that offers many different possibilities after some renovations. The ranch has great bones with 4 large bedrooms, a living room, dining room, kitchen, huge family room with fireplace and 3 full bathrooms. More than enough parking for everyone. The homes sit on a very pretty, flat lot of almost 4 acres. Buy it to occupy and enjoy rental income or buy it to renovate and sell.
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%
The median home value in Norristown, PA is $279,000. 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 $279,000. 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 has a population of 35,607. Norristown is less family-centric than the surrounding county with 28.54% 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 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 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.