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Check out this solid, fully occupied triplex on Cherry street in Norristown! Set up with two 1 bedroom 1 bath units, one 3 bedroom 3 bath unit. Annual taxes under 4k per year. The units have been refreshed and remodeled in 2021. Current rents for the building are $3795 per month ($43,620 annually). Professional property management is in place. Tenants pay their own utilities and a flat monthly fee for water. The building includes 3 car off street parking in the rear alleyway parking lot. All 3 water heaters were recently replaced in the fall of 2024. In unit heat is electric so tenants can control their own heat and pay their own bill! The building is located across a short walk to the Montgomery County courthouse and Norristown Transportation Center and convenient access to all commuter routes 202, 76, 422 and 476. Buyer is responsible for U&O. Schedule your tour of this great investment opportunity!
| DAYS ON MARKET | 3 | LAST UPDATED | 1/2/2025 |
|---|---|---|---|
| YEAR BUILT | 1900 | COMMUNITY | Norristown Boro (10613) |
| COUNTY | MONTGOMERY | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| School District | NORRISTOWN AREA |
|---|---|
| High School | NORRISTOWN AREA |
| ADDITIONAL DETAILS | |
| AIR | Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | Norristown Boro (10613) |
| BASEMENT | Exterior Entry, Unfinished, Yes |
| CONSTRUCTION | Brick |
| HEAT | Baseboard, Electric |
| LOT | 3485 sq ft |
| LOT DIMENSIONS | 33.00 x 0.00 |
| PARKING | Asphalt |
| SEWER | Public Sewer |
| STYLE | Colonial |
| TAXES | 3528 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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