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552 George St
Norristown, PA 19401
George Street Duplex · Build-to-Rent Property For Sale
·
2 Units
PROPERTY FACTS
| No. Units | 2 | Total Plot Size | 0.04 ac |
| Property Type | Build-to-Rent | Property Size | 3,600 sq ft |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Floors | 2 |
| Costar Property Class | C | Year Built | 1925 |
| Use Class | NC - Duplex | ||
| No. Units | 2 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.04 ac |
| Property Size | 3,600 sq ft |
| Average Occupancy | 100% |
| No. Floors | 2 |
| Year Built | 1925 |
| Use Class | NC - Duplex |
ABOUT 552 GEORGE ST , NORRISTOWN, PA 19401
Very well maintained 3,600 sq ft brick Duplex in Norristown. Perfect investment property with 11% CAP RATE. It is also an opportunity to live in one and lease the other! Two 4 bedroom units with one full bath in each. 100% occupied with excellent rental history. There are separate meters and the Tenants pay all utilities including water & sewer. Owner pays $4,660 for taxes and $1,400 for insurance annually. $2,350 per month in steady income for years to come! Attractive duplex has new heating systems in both units & newer vinyl windows! Sewer lateral replaced for both units in 2019. Roof is in very good condition. All major expense items have been updated in 2019. The exterior is brick with very little if any maintenance required. The property functions more like two town homes side by side that happen to be on the same deed. Email or call broker for more details or to see property. Serious inquiries and offers please. The numbers speak for themselves. The building is situated in a quiet, well maintained area. Norristown is a municipality in Montgomery County, Pennsylvania, 6 miles (10 km) northwest of the city limits of Philadelphia, on the Schuylkill River. The population was 34,324 as of the 2010 census. It is the county seat of Montgomery County.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 4+1 | 1 | £1,200 | 1,600 |
| 5+1 | 1 | £1,150 | 2,000 |
