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16
Photos
212 PEARL STREET, Norristown, PA 19401
$550,000 Asking Price
$---/mo Est. Payment Get Prequalified »
7
beds
2
baths
Built in
1900
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!
Features & Amenities
Interior
- Basement:
- Unfinished
- A/C:
- None
- Heating:
- Y, Radiant, Natural Gas
- Disability Feature:
- None
Exterior
- General:
- Above Grade,Below Grade
- Style:
- Side-by-Side
Construction
- General:
- Brick, 3, Stone
Location
- Originating MLS:
- BRIGHT_MAIN
- School District:
- NORRISTOWN AREA
- County:
- MONTGOMERY
Lot
- Zoning:
- R2, 13-00-29572-007
- Current Use:
- 1145
Utilities
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- BRIGHT_MAIN
This listing courtesy of:
Coldwell Banker Realty, Michael J Marchese
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Norristown, PA
Housing
- Number of Units
- 37,449
- Median Home Value
- $258,606
- Median Rent
- $1,115
40.87% of housing units are renter occupied.
6.26% are vacant.
Commute
- Car
-
62.87%
- Public Transportation
-
4.68%
- Walk to Work
-
2.47%
- Work from Home
-
29.23%
- Other
-
0.51%
The median travel time to work is 21 minutes.
People
- Population
- 87,749
- Median Age
- 41.10
- Median Household Size
- 2.60
Education
- High School
-
30.29%
- Associate’s Degree
-
8.09%
- Bachelor’s Degree
-
22.91%
- Graduate Degree
-
14.60%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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