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Phenomenal investment opportunity! 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.
| DAYS ON MARKET | 1 | LAST UPDATED | 4/22/2025 |
|---|---|---|---|
| YEAR BUILT | 1890 | COMMUNITY | Norristown Boro (10613) |
| COUNTY | MONTGOMERY | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | NORRISTOWN AREA |
|---|
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| AREA | Norristown Boro (10613) |
| CONSTRUCTION | Frame |
| HEAT | Natural Gas, None |
| LOT | 3485 sq ft |
| PARKING | On Street |
| SEWER | Public Sewer |
| TAXES | 9680 |
| WATER | Public |
| ZONING | Nonconforming, zoned for 10 residential units split between 905 and 907 Swede St. |
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