4,436 Sqft Lot
4,436 Sqft Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Norristown
MLS Listing ID PAMC2196844
Year Built 1920
Annual Tax Amount $5,321
Tax Year 2026
Lot Size 4,436 Sqft
Acres 0.1
Property Sub-Type Five Or More Units
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
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Window Unit(s)
Flooring Carpet, Wood, Vinyl
Heat Source Electric
Exterior
Garage Spaces 8.0
Water Access N
Roof Type Shingle
Accessibility None
Total Parking Spaces 8
Garage N
Building
Foundation Concrete Perimeter, Brick/Mortar
Sewer Public Sewer
Water Public
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
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
