Patterson-Schwartz Real Estate212 Pearl Street, Norristown, PA 19401-4621 $550,000
Interior Sq. Ft: 2,106
Acreage: 0.05
Age:124 years
Taxes: $2,327
Subdivision: Norristown
Design/Type:
Twin/Semi-Detached
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 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!
Home Assoc: No
Condo Assoc: No
Basement: Y
Pool: No Pool
Features
Utilities
Radiant Heating, Natural Gas, None, None, Hot Water - Natural Gas, Public Water, Public Sewer
Garage/Parking
On Street
Interior
Unfinished Basement
Exterior
Stone Foundation, Brick Exterior
Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address.
Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.
Public Elementary (23 schools)
Public Middle (10 schools)
| School | District | Grades | Place | Distance |
|---|---|---|---|---|
| Stewart Middle School | Norristown Area School District | 5–8 | Norristown | 0.76 mi |
| Eisenhower Middle School | Norristown Area School District | 5–8 | Norristown | 1.23 mi |
| Upper Merion Middle School | Upper Merion Area School District | 5–8 | King of Prussia | 2.04 mi |
| Colonial Middle School | Colonial School District | 6–8 | Plymouth Meeting | 2.39 mi |
| East Norriton Middle School | Norristown Area School District | 5–8 | Norristown | 3.01 mi |
| Pennsylvania Virtual Charter School | Pennsylvania Virtual Charter School | K–12 | King of Prussia | 3.47 mi |
| Agora Cyber Charter School | Agora Cyber Charter School | K–12 | King of Prussia | 3.56 mi |
| Skyview Upper Elementary School | Methacton School District | 5–6 | Eagleville | 4.43 mi |
| Arcola Intrmd School | Methacton School District | 7–8 | Eagleville | 4.44 mi |
| Black Rock Middle School | Lower Merion School District | 5–8 | Villanova | 4.76 mi |
Public High (8 schools)
| School | District | Grades | Place | Distance |
|---|---|---|---|---|
| Roosevelt Campus of the Norristown Area | Norristown Area School District | 9–12 | Norristown | 0.74 mi |
| Central Montco Technical High School | Central Montco Technical High School | 9–12 | Plymouth Meeting | 2.05 mi |
| Upper Merion High School | Upper Merion Area School District | 9–12 | King of Prussia | 2.11 mi |
| Norristown Area High School | Norristown Area School District | 9–12 | Norristown | 2.15 mi |
| Pennsylvania Virtual Charter School | Pennsylvania Virtual Charter School | K–12 | King of Prussia | 3.47 mi |
| Agora Cyber Charter School | Agora Cyber Charter School | K–12 | King of Prussia | 3.56 mi |
| Plymouth-Whitemarsh Senior High School | Colonial School District | 9–12 | Plymouth Meeting | 4.46 mi |
| Methacton High School | Methacton School District | 9–12 | Eagleville | 4.8 mi |
Private (30 schools)
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This report is a detailed community overview for Norristown (19401), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 27
- Average salary of people in this community: $46,885
Community Summary
- Population Density (ppl / mile): 6,839
- Household Size (ppl): 2.48
- Households w/ Children: 60%
Housing Inventory
- Owned: 7,150 (38.5%)
- Rented: 9,259 (49.9%)
- Vacant: 2,161 (11.6%)
- Total: 18,570
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 6.7%
- Some High School: 10.5%
- High School Graduate: 34.1%
- Some College: 15.3%
- Associate Degree: 6.2%
- Bachelor's Degree: 16.3%
- Graduate Degree: 10.9%
Income by dollar range
Median Income: $53,696
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $909
- One Bedroom: $913
- Two Bedroom: $1,208
- Three Bedroom: $1,241
- Four Bedroom: $1,569
© 2024 LiveBy. All Rights Reserved.
Contact Information
Schedule an Appointment to See this Home
Contact our Customer Service Center
or call us at 302-234-5270
Listing Courtesy of: Coldwell Banker Realty , (215) 641-2727
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 9/20/2024.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.
