REQUEST A TOUR

In-PersonVirtual Tour

Jenny Canales

jenny@delariateam.com +1(703) 499-0111

$ 550,000

Est. payment | -/mo

7 Beds

2 Baths

2,106 Sqft Lot

Save Virtual Tour

$ 550,000

Est. payment | -/mo

Save Virtual Tour

7 Beds

2 Baths

2,106 Sqft Lot

Key Details

Property Type Single Family Home, Townhouse

Sub Type Twin/Semi-Detached

Listing Status Active

Purchase Type For Sale

Subdivision Norristown

MLS Listing ID PAMC2116762

Style Side-by-Side

Bedrooms 7

Full Baths 2

HOA Y/N N

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $2,327

Tax Year 2023

Lot Size 2,106 Sqft

Acres 0.05

Lot Dimensions 20.00 x 0.00

Property Description

A unicorn turn key property in Norristown bringing in excellent rental income for any investor. Unique multi-family style investment. RARE, 7 BEDROOM, updated legally designated rooming house functioning as a multi-tenant property, fully occupied with clean U&O. Due to the local zoning regulations it is almost impossible to obtain a license for a new rooming house, or group home unless you find one that is already licensed and grandfathered in. This is your chance to own one of the few legal rooming houses in Norristown. The house can be kept as-is, fully rented and already bringing in great monthly income, or use as a group home, veteran home, the opportunities are endless. Seller will take full responsibility for all use and occupancy requirements. Certificate of occupancy to be provided at closing. Building is fully occupied and already bringing in $5,600 per month at over a 9% CAP rate!! This is your chance to own this turn key, one of a kind property and start collecting rent checks immediately!

Location

State PA

County Montgomery

Area Norristown Boro (10613)

Zoning R2

Rooms

Basement Unfinished

Main Level Bedrooms 7

Interior

Hot Water Natural Gas

Heating Radiant

Cooling None

Fireplace N

Heat Source Natural Gas

Exterior

Waterfront N

Water Access N

Accessibility None

Parking Type On Street

Garage N

Building

Story 3

Foundation Stone

Sewer Public Sewer

Water Public

Architectural Style Side-by-Side

Level or Stories 3

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Norristown Area

Others

Pets Allowed N

Senior Community No

Tax ID 13-00-29572-007

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional, FHA

Horse Property N

Listing Terms Cash, Conventional, FHA

Financing Cash,Conventional,FHA

Special Listing Condition Standard

Listed by Michael J Marchese • Coldwell Banker Realty

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(703) 499-0111

jenny@delariateam.com

212 PEARL ST Norristown, PA 19401