212 Pearl Street Norristown, PA 19401
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 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!
- Property TypeMulti-Family
- NeighborhoodNorristown
- CountyMontgomery
- Taxes$2,327
- HOA/Condo/Coop Fees$0
- Days on Site0 Days
- MLS StatusActive
- MLS ID NumberPAMC2117474
- Home Size Source Estimated
- Year Built1900
- Lot Size0.05 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Side-by- Side
- Construction Brick
- Parking On Street
- Sewer Public Sewer
- Basement Unfinished
- Acreage 0.05
- Water Public
- Cross Street W. Lafayette Street
- Attached Garage No
- Foundation Stone
- Zoning R2
Interior Features
- Cooling None
- Heating RadiantNatural Gas
- Fireplace No
Exterior Features
- Spa No
- Waterfront Property No
Community Features
- MLS Area Norristown Boro (10613)