Norristown, PA 19401,622 DEKALB ST
Norristown, PA 19401,622 DEKALB ST
Norristown, PA 19401,622 DEKALB ST
Norristown, PA 19401,622 DEKALB ST
Norristown, PA 19401,622 DEKALB ST
Norristown, PA 19401,622 DEKALB ST
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$280,000

$315,000

11.1%
Est.Price: ?

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Est. payment /mo

7,929 Sqft Lot


SOLD DATE : 01/17/2017

Key Details

Sold Price $280,000

Property Type Multi-Family

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Subdivision None Available

MLS Listing ID 1003478219

Sold Date 01/17/17

Style Other

HOA Y/N N

Originating Board TREND

Year Built 1900

Annual Tax Amount $8,293

Tax Year 2016

Lot Size 7,929 Sqft

Acres 0.18

Lot Dimensions 56

Property Description

Investment opportunity in Norristown with large rental income! 7 unit apartment building fully occupied with 1 year leases and full security deposits. (1) 3 bedroom, (1) 2 bedroom, (1) 1 bedroom, and (4) studios. Property also includes a detached 2 story garage that's currently not rented ? 2nd floor with parking lot entry could be rented/used for storage while first floor with alley entry could be rented for parking. Strong upside in rental income + leasing up the garage. Building has a large parking lot with plenty of parking and an over-sized basement for ample storage. Already set up for absentee ownership, manager on site provides quick repair response time. Units have been upgraded throughout, most also have new heaters. Adjacent properties: office-only building on one side(no residents) and residential/historic building in progress of being completely rehab'ed across from parking lot. Property is located a few minute walk from SEPTA & Transportation Center. Low to zero vacancy rates due to location, private parking, and onsite management. Excellent opportunity with large rental income!

Location

State PA

County Montgomery

Area Norristown Boro (10613)

Zoning TR

Direction West

Rooms

Other Rooms Primary Bedroom

Basement Full

Interior

Hot Water Natural Gas

Heating Gas

Cooling None

Fireplace N

Heat Source Natural Gas

Laundry None

Exterior

Garage Spaces 10.0

Waterfront N

Water Access N

Roof Type Flat

Accessibility None

Parking Type Other

Total Parking Spaces 10

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Other

New Construction N

Schools

High Schools Norristown Area

School District Norristown Area

Others

Tax ID 13-00-09540-005

Ownership Fee Simple

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Bright MLS (BMLS)
Listed by Buddy Martin • Keller Williams Realty Group
Bought with Michael J Sroka • Keller Williams Main Line
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