UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 7,100 sqft
Price per Sqft $88
MLS Listing ID PAMC2136912
Originating Board BRIGHT
Year Built 1890
Annual Tax Amount $9,680
Tax Year 2025
Lot Size 3,564 Sqft
Acres 0.08
Property Sub-Type Five Or More Units
Property Description
A one-of-a-kind property, the home is a combined twin currently utilized as a rooming house. You are greeted by a large porch. On the first floor, you will find the building's office consisting of two private rooms and a private bathroom across the hall, the first of 10 rental units containing a private bathroom. The first floor also includes the following common areas: living room, dining room, kitchen, pantry, and laundry room. From the laundry room, you may access the spacious backyard. On the second floor, you will find 5 rental units sharing two bathrooms and a second shared living room. On the third floor are 4 rental units sharing two bathrooms, and expansive storage closets.
The property is licensed for 10 residential units with an average rental amount of $800 per unit, resulting in a 10% cap rate.
The property is located near local restaurants and City Hall, with easy transportation access via bus stops nearby and up the street from Norristown Transportation Center.
Location
State PA
County Montgomery
Area Norristown Boro (10613)
Zoning R-2
Interior
Hot Water Natural Gas
Heating None
Cooling Central A/C
Flooring Luxury Vinyl Plank, Carpet
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Shingle
Accessibility None
Garage N
Building
Foundation Block, Brick/Mortar
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Norristown Area
Others
Tax ID 13-00-36464-009
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
