Cell: (540) 247-2482 | Office:(301) 745-1620
BEDS0
BATHS
MLS#PAMC2196844
STATUSACTIVE
PROPERTY TYPECommercial -
SUBDIVISIONNORRISTOWN
SCHOOLNORRISTOWN 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.
Property Features
Property Type: Commercial -
Basement: Yes
Cooling: Window Unit(s)
Fuel Type: Electric
Heating: Baseboard - Electric
Lot Size: 0.10 Acres
Roof Type: Shingle
Taxes: $5,321
Year Built: 1920
Feature Descriptions
Electric: 200+ Amp Service
Exterior: Aluminum Siding, Brick
Flooring: Carpet, Wood, Vinyl
Lot Dimensions: 0.10 Acre(S)
Municipality: NORRISTOWN BORO
Sewer: Public Sewer
Total Garage/Parking Spaces: 8
Units: 4
Water: Public
Local Schools
High School: NORRISTOWN AREA
Middle School: EISENHOWER
Elementary School: HANCOCK
School District: NORRISTOWN AREA
Listed By / Shown By
Listed By
Agency Name: Springer Realty Group
Agency Phone: 4844984000
Shown By
Agent Name: Bob Speelman
Agent Phone: Cell: (540) 247-2482
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First American
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
315 W Fornance Street | MLS# PAMC2196844
This commercial property located at 315 W Fornance Street, Norristown, PA 19401 is currently listed for sale with an asking price of $524,900. W Fornance Street is located within the NORRISTOWN AREA school district. Search Norristown real estate on www.bobspeelmanrealtor.com today.