$550,000
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212 Pearl Street Norristown, PA 19401 Municipality: Norristown Boro
Twin Home
Residence
Beds
Baths
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Bed/Bath
Sq. Ft.
Property Activity
Time on Site
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A unicorn turn key property in Norristown bringing in excellent rental income for any investor. RARE, 7 BEDROOM, updated rooming house, 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 fin...d 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!
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MLS#
PAMC2117474
Property Type
Twin Home
Year Built
1900
Price per Sq. Ft.
$261.16
Lot Size
0.05
Sewer
Public Sewer
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