212 PEARL ST Active Save Request In-Person Tour Request Virtual Tour
Norristown,PA 19401
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,106 sqft
Price per Sqft $261
Subdivision Norristown
MLS Listing ID PAMC2117474
Style Side-by-Side
Abv Grd Liv Area 2,106
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. 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!
Location
State PA
County Montgomery
Area Norristown Boro (10613)
Zoning R2
Rooms
Basement Unfinished
Interior
Hot Water Natural Gas
Heating Radiant
Cooling None
Fireplace N
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Side-by-Side
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District Norristown Area
Others
Tax ID 13-00-29572-007
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash,Conventional,FHA
Listing Terms Cash,Conventional,FHA
Financing Cash,Conventional,FHA
Special Listing Condition Standard