Description
This is a fully rented grandfathered rooming house with 7 rented units. This is a rare opportunity to acquire an income producing commercial residential property in Norristown. Gross rent pcm $3,390.00 with a lot of room for improvement. Property is professionally managed and all leases transfer. Rooms are in varying degrees of repair depending on when they last changed hands. Listing agent must be present for all showings and 48hr notice is required with proof of funds from the buyer. Property is being sold "As-Is", inspections permitted for informational purposes only, no seller repairs/credits from agreed contract price. Buyer is responsible for U&O Certification from Norristown and any required repairs. Seller is liquidating two properties to fund a different investment. Please see: MLS# PAMC2004458 for 218 Pearl St. listing. Preference to a buyer willing to acquire both properties.
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Description
This is a fully rented grandfathered rooming house with 7 rented units. This is a rare opportunity to acquire an income producing commercial residential property in Norristown. Gross rent pcm $3,390.00 with a lot of room for improvement. Property is professionally managed and all leases transfer. Rooms are in varying degrees of repair depending on when they last changed hands. Listing agent must be present for all showings and 48hr notice is required with proof of funds from the buyer. Property is being sold "As-Is", inspections permitted for informational purposes only, no seller repairs/credits from agreed contract price. Buyer is responsible for U&O Certification from Norristown and any required repairs. Seller is liquidating two properties to fund a different investment. Please see: MLS# PAMC2004458 for 218 Pearl St. listing. Preference to a buyer willing to acquire both properties.
©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or John Kriza Real Estate Team | Beiler-Campbell Realtors. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-05-27T07:51:06.197.