212 Pearl Street
$550,000
—
2,106
2,106
$261
Virtual Tour
Description
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...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!
- Listed by Michael J Marchese • Coldwell Banker RealtyP: (610)-476-4651 mmarchese@cbrealty.com
Property Details for 212 Pearl Street
Tax ID Number
13-00-29572-007
OwnershipFee Simple
Structure TypeTwin/Semi-Detached
StyleSide-by-Side
WaterfrontNo
GarageNo
SubdivisionNORRISTOWN
SubdivisionNORRISTOWN (MONTGOMERY PA)
LISTING UPDATED: 11/20/2024 11:56 AM
Property Details for 212 Pearl Street
Status | Active |
---|---|
MLS # | PAMC2117474 |
Days on Market | 68 |
Taxes | $2,327 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 1900 |
Lot Size | 0.05 AC / 2,106 SF |
County | Montgomery County |
Virtual Tour
Building Information for 212 Pearl Street
Stories-Residences4Year Built1900Building Size-Lot Size0.05 AC / 2,106 SF
Property Information for 212 Pearl Street
Property History for 212 Pearl Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 212 Pearl Street
Taxable ValueLand$22,430Additions$15,570Total$38,000
Tax Record2023$2,333 ($194 / month)
Home Facts
Total Finished SqFt2,364 SqFtAbove Grade Finished SqFt2,364 SqFtStories3Lot Size2,106 SqFtStyleMulti-Family Res (5+ Units)Year Built1900ZoningR2CountyMONTGOMERYAPN13-00-29572-00-7
Schools near 212 Pearl Street
This home is within Norristown Area School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | 1 to 4 | |||
Public - | 5 to 8 | |||
Public - | 5 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Gotwals El School Public1 to 4 | ||
East Norriton Middle School Public5 to 8 | ||
Stewart Middle School Public5 to 8 | ||
Norristown Area High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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