Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1890
Sq.Footage
N/A
Phenomenal investment opportunity! Listing includes BOTH 905 and 907 Swede Street 13-00-36464-009,13-00-36468-00-5. The property has been joined together as one building. 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.
Features & Amenities
Interior
Area & Lot
-
Lot Size(acres)
0.08
-
Property Type
Commercial Sale
Exterior
-
Garage
No
-
Construction Materials
Frame
-
Parking
On Street
Financial
-
Sales Price
$625,000
-
Tax Amount
9680.0
-
Zoning
Nonconforming, zoned for 10 residential units split between 905 and 907 Swede St.
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Location
County
MONTGOMERY
Elementary School
Middle School
High School
Listing Courtesy of Peter Mossad , Taylor Properties
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Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.
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