MLS® ID: 1009990600
1303 DEKALB ST
Norristown, Pennsylvania, 19401 $140,000
This unique, twin, residential income-producing property is for sale in AS IS condition and priced to sell. (Buyer is responsible for obtaining municipality U&O inspection and satisfying requirements for certification.) Located on a major one-way road through town (Rt 202 North) with ample parking. Desirable section of town that is on the rise with recent street beautification and new construction homes being built now, some recently completed and sold. All 6 units are currently rented out. Some are Section 8, which provide guaranteed income. Units are well maintained and cared for, though some repairs may be needed. Units are as follows: first floor has 3 single rooms on one hall that share a bathroom; each room also has its own entrance from the outside. These rooms get about $100/mo each in rent. Second floor has one 1-bed/1-bath apartment with an interior entrance and a large deck, for $600/mo. These first and second floor units share utilities, mechanicals are in the basement with accessibly through Bilco doors on side of house. The third floor is also a 1-bed/1-bath apt, also with an interior entrance and a rear door to a fire escape; it has its own heat/hot water/electric panel on the third floor and currently yields $780/mo. The sixth rental unit is a two-car detached garage, with vehicular access by way of the alley behind the house, has electricity and is rented out for $275/mo. Call LA for more information and to make an appointment to see this great investment opportunity.