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.
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Listing Snapshot
Price
$524,900
Days On Site
16 Days
Bedrooms
3
Inside Area (SqFt)
2,630 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.1 Acres
Year Built
1920
MLS Number
PAMC2195682
Status
Active
Property Tax
$5,321
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Estimated
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