Share this with your friends
+15712930022
Samson Properties
315 W Fornance St, Norristown, PA 19401
- $524,900
- 2,630
- SqFt
- List Price
- $524,900
- Status
- ACTIVE
- MLS#
- PAMC2195682
- Living Area
- 2,630
- Lot Size (Acres)
- 0.1
- Style
- Traditional
- Year Built
- 1920
- County
- Montgomery
- School District
- Norristown Area
Property Description
5 UNITS Welcome to 315 W Fornance St, Norristown, PA 19401! Exceptional 5-unit cash-flowing property located in the heart of Norristown. Purchase and run it as-is with immediate positive cash flow, or optimize for even higher yields. Check the numbers below for detailed investor information and financial performance. The building offers a mix of three one-bedroom units and two studios, all currently leased. The one-bedroom units rent for $1,044, $945, and $918 per month, and the studios rent for $971 and $803 per month. Leases are in place on all five units and run into 2027, which gives a buyer stable, predictable income from day one. Current monthly rents total $4,681, for annual rents of $56,172. Known expenses are $8,921, made up of $5,321 in real estate taxes, which include trash service, and $3,600 in insurance. This is a strong opportunity for an investor looking to add scale to a portfolio with one closing and one property to manage. Contact us today for more details or to schedule a showing.
Additional Information
- Area
- Norristown Boro (10613)
- Subdivision
- Norristown
- School District
- Norristown Area
- Elementary School
- Hancock
- Middle School
- Eisenhower
- High School
- Norristown Area
- Flooring
- Carpet, Wood, Vinyl
- Heating
- Electric Baseboard
- Cooling
- None
- Roof
- Shingle
- Water
- Public
- Sewer
- Public Sewer
- Basement
- Full