Property
Beds
5
Full Baths
None
1/2 Baths
None
Year Built
1890
Sq.Footage
2,423
****Exceptional Investment Opportunity – Fully Updated Triplex in Norristown**** Welcome to 709 George Street, a recently updated triplex twin offering immediate rental income and outstanding long-term investment potential. Whether you're an experienced investor looking to expand your portfolio or searching for a multi-unit property with owner-occupancy possibilities, this turnkey property checks all the boxes. Two of the three units are currently occupied, providing instant cash flow. Unit 1 features 2 bedrooms and 1 full bath and is rented for $1,300 per month. Unit 2 offers 1 bedroom and 1 full bath and is currently vacant, allowing the new owner the flexibility to occupy the unit or lease it at market rent. The previous tenant paid $1,100 per month. Unit 3 includes 2 bedrooms and 1 full bath and is currently rented for $1,300 per month. The property has been recently updated throughout and has a proven history of reliable tenancy under the current ownership. A significant benefit is that all utilities are separately metered, including a dedicated owner utility service, making property management more efficient and keeping operating expenses straightforward. Additional features include rear parking, an attached storage shed, and ample street parking. Conveniently located near shopping, restaurants, public transportation, and major commuter routes, this property also enjoys a highly walkable location, making it attractive to current and future tenants. With strong rental history, recent improvements, separated utilities, and one vacant unit ready for immediate occupancy or additional rental income, 709 George Street is a rare opportunity to own a solid, income-producing property in the heart of Norristown.
Features & Amenities
Interior
-
Other Interior Features
Recessed Lighting
-
Total Bedrooms
5
-
Bathrooms
N/A
-
Above Grade Finished Area
2423.0
-
Basement YN
YES
-
Cooling YN
NO
-
Cooling
None
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Natural Gas, Baseboard
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
On Street, Driveway
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.12
-
Lot Size(square feet)
5,347
-
Property Type
Residential Income
-
Property Sub Type
Triplex
-
Architectural Style
Traditional
Price
-
Sales Price
$399,900
-
Tax Amount
$1,927
-
Financing Options
Conventional, VA, FHA 203(b)
-
Sq. Footage
2,423
-
Price/SqFt
$165
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
NORRISTOWN AREA
Property Features
-
New Construction
NO
-
Foundation Details
Stone
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
MONTGOMERY
Elementary School
Middle School
High School
NORRISTOWN AREA
Listing Courtesy of Gerald P Hill , Homestarr Realty
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AGENT
Nicole Aliev
Call Nicole today to schedule a private showing.
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