212 Pearl Street
Norristown, PA 19401
- – beds
- – baths
- 2,106 sqft
- 2,106 sqft lot
- $261 per sqft
- 1900 build
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!
Listing courtesy of BRIGHT / Coldwell Banker Realty
Last checked:
Checking…
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Last updated Dec 12, 2024
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MLS# PAMC2117474 —
The Building
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Year Built:1900
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Year Built Source:Assessor
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New Construction:No
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Construction Materials:Brick
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Building Units Total:4
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Structure Type:Twin/Semi-Detached
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Historic:No
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Architectural Style:Side-by-Side
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Accessibility Features:None
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Foundation Details:Stone
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Basement:Yes
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Basement Type:Unfinished
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Building Winterized:No
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Total SqFt Source:Estimated
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Total Below Grade SqFt Source:Assessor
Interior
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Room Count:7
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Fireplace:No
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:2106
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Living Area SqFt:2,106 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, Conventional, FHA
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Possession:0-30 Days CD, 31-60 Days CD
Location
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Directions:Keep middle onto W Airy St. Turn left onto Astor St. Go for 413 ft. Turn right onto W Main St. Go for 390 ft. Turn left onto Chain St. Go for 492 ft. Turn left onto W Lafayette St. Go for 249 ft. Turn left onto Pearl St. Go for 151 ft. Arrive at 212 Pearl Street, Norristown
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Cross Street:W. Lafayette Street
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Latitude:40.11684000
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Longitude:-75.35097000
The Property
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Property Type:Multi-Family
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Property Subtype:Other
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Lot Size Units:Square Feet
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Lot Size Acres:0.05
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Lot Size Source:Assessor
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Lot Size Dimensions:20.00 x 0.00
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Lot Dimensions Source:Assessor
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Lot SqFt:2,106 Sqft
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Zoning:R2
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Other Structures:Above Grade, Below Grade
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Water View:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:1145
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Ground Rent Exists:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (610) 476-4651
- Office phone:
- (215) 641-2727
Taxes
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Tax ID Number:13-00-29572-007
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Tax Year:2023
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Tax Lot:053
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Tax Annual Amount:$2,327
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Tax Assessed Value:$38,000
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Year Assessed:2024
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School Tax:1489.0
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County Tax:181.00
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City/Town Tax:655.00
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Total Taxes Payment Frequency:Annually
The Listing
Heating & Cooling
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Cooling Type:None
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Central Air:No
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Cooling Fuel:None
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Heating:Yes
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Heating Type:Radiant
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Heating Fuel:Natural Gas
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Natural Gas
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Water Source:Public
Schools
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School District Name:Norristown Area
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School District Source:Listing Agent
The Community
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Subdivision Name:Norristown
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Pool:No Pool
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Spa:No
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Association Recreation Fee:No
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Cap Rate:9.00
Parking
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Garage:No
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Type of Parking:On Street
Extra Units
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Vacation Rental:No
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Single Room Units:7
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
9/17/24
Sep 17, 2024
|
Listed / Active | BRIGHT | $550,000 |