709 George St, Norristown, PA 19401
- $399,900
- 2,423
- SqFt
- List Price
- $399,900
- MLS#
- PAMC2189562
- Status
- ACTIVE
- Type
- Multifamily
- Total Units
- 3
- City
- Norristown
- Area
- Norristown Boro (10613)
- County
- Montgomery
- Living Area
- 2,423
- Lot Size
- 5,227
- Year Built
- 1890
Property Description
****Exceptional Investment Opportunity – Fully Updated Triplex in Norristown**** Welcome to 709 George Street, a recently updated triplex twin offering immediate rental income and outstanding long-term investment potential. Whether you're an experienced investor looking to expand your portfolio or searching for a multi-unit property with owner-occupancy possibilities, this turnkey property checks all the boxes. Two of the three units are currently occupied, providing instant cash flow. Unit 1 features 2 bedrooms and 1 full bath and is rented for $1,300 per month. Unit 2 offers 1 bedroom and 1 full bath and is currently vacant, allowing the new owner the flexibility to occupy the unit or lease it at market rent. The previous tenant paid $1,100 per month. Unit 3 includes 2 bedrooms and 1 full bath and is currently rented for $1,300 per month. The property has been recently updated throughout and has a proven history of reliable tenancy under the current ownership. A significant benefit is that all utilities are separately metered, including a dedicated owner utility service, making property management more efficient and keeping operating expenses straightforward. Additional features include rear parking, an attached storage shed, and ample street parking. Conveniently located near shopping, restaurants, public transportation, and major commuter routes, this property also enjoys a highly walkable location, making it attractive to current and future tenants. With strong rental history, recent improvements, separated utilities, and one vacant unit ready for immediate occupancy or additional rental income, 709 George Street is a rare opportunity to own a solid, income-producing property in the heart of Norristown.
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Additional Information
- Acres
- 0.12
- Appliances
- Oven/Range - Electric, Refrigerator, Water Heater
- Basement
- Yes
- Cooling
- None
- Interior Features
- Floor Plan - Traditional, Kitchenette, Recessed Lighting
- Living Area
- 2,423
- Lot Size
- 5,227
- Parking
- Paved Driveway
- Region
- Norristown Boro (10613)
- School District
- Norristown Area
- Sewer
- Public Sewer
- Style
- Traditional
- Subdivision
- None Available
- Total Units
- 3
- Zoning
- R2
Mortgage Calculator
Listing courtesy of Homestarr Realty. Contact: 2153555565
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