UPDATED:
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,630 sqft
Price per Sqft $199
Subdivision Norristown
MLS Listing ID PAMC2195682
Style Traditional
Abv Grd Liv Area 2,630
Year Built 1920
Annual Tax Amount $5,321
Tax Year 2026
Lot Size 4,436 Sqft
Acres 0.1
Property Sub-Type Detached
Source BRIGHT
Property Description
Exceptional 5-unit cash-flowing property located in the heart of Norristown. Purchase and run it as-is with immediate positive cash flow, or optimize for even higher yields. Check the numbers below for detailed investor information and financial performance.
The building offers a mix of three one-bedroom units and two studios, all currently leased. The one-bedroom units rent for $1,044, $945, and $918 per month, and the studios rent for $971 and $803 per month. Leases are in place on all five units and run into 2027, which gives a buyer stable, predictable income from day one.
Current monthly rents total $4,681, for annual rents of $56,172. Known expenses are $8,921, made up of $5,321 in real estate taxes, which include trash service, and $3,600 in insurance.
This is a strong opportunity for an investor looking to add scale to a portfolio with one closing and one property to manage. Contact us today for more details or to schedule a showing.
Location
State PA
County Montgomery
Area Norristown Boro (10613)
Zoning R2
Rooms
Basement Full
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Flooring Carpet, Wood, Vinyl
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Shingle
Accessibility None
Garage N
Private Pool No
Building
Foundation Concrete Perimeter, Brick/Mortar
Above Ground Finished SqFt 2630
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
Structure Type 9'+ Ceilings
New Construction N
Schools
Elementary Schools Hancock
Middle Schools Eisenhower
High Schools Norristown Area
School District Norristown Area
Others
Tax ID 13-00-12248-006
Ownership Fee Simple
SqFt Source 2630
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Nearby School & Business
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Joseph Asterino
Broker Associate License ID: AB066344
Broker Associate License ID: AB066344