423-425 DEKALB ST new to site Save Request In-Person Tour Request Virtual Tour
Norristown,PA 19401
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAMC2133236
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $10,188
Tax Year 2024
Lot Size 2,251 Sqft
Acres 0.05
Lot Dimensions 44.00 x 0.00
Property Sub-Type Mixed Use
Property Description
Unlock a premier investment at 423–425 DeKalb St.—a fully renovated, 8,507 SF mixed-use property. Modernized in 2019-2020, this turnkey asset features TWO THRIVING COMMERCIAL SPACES (Home Care Service Office and Beauty Salon) alongside FOUR FULLY REMODELED UPSCALE APARTMENTS (three 2BR/1BA, one 3BR/2BA), all equipped with stainless steel appliances, hardwood floors, new kitchens/baths, in-unit washer dryers and new HVAC systems. With $111,066 in current gross rent and a potential $121,596 at market rates, this 100% occupied property offers immediate cash flow and minimal upkeep, making it a low-risk, high-reward opportunity. Nestled in Norristown's revitalizing downtown, this property is steps from game-changing developments: the $400M Montgomery County Justice Center, the $31M MM Partners project and much more! Positioned at the heart of Norristown's renaissance, this property promises both stability and future value. Don't miss your chance to invest in a flourishing market. Schedule your tour and secure this exceptional opportunity today!
Location
State PA
County Montgomery
Area Norristown Boro (10613)
Zoning MIXED USE
Interior
Hot Water Natural Gas,Electric
Heating Forced Air
Cooling Central A/C
Heat Source Electric,Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Norristown Area
Others
Tax ID 13-00-09944-006
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash,Conventional,Seller Financing,Other
Listing Terms Cash,Conventional,Seller Financing,Other
Financing Cash,Conventional,Seller Financing,Other
Special Listing Condition Standard