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218 PEARL ST Norristown, PA 19401
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Key Details
Sold Price $89,900
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision None Available
MLS Listing ID 1002687678
Sold Date 04/16/16
Style Other
HOA Y/N N
Originating Board TREND
Year Built 1900
Annual Tax Amount $2,033
Tax Year 2016
Lot Size 2,280 Sqft
Acres 0.05
Lot Dimensions 21
Property Description
CASH MONEY MAKER! 6 unit rooming house with stable long term good paying tenants! Not weekly rentals all tenants pay at beginning of month. Where else are you going to find a Cap rate over 20! Landlord pays all utilities and yet the net income is still over $20,000 per year. There is a fire system in place. Owner has this property set on cruise control with systems in place. All you have to do is take over and start making money today! Also available is 212 Pearl St with 7 rooms and 671 George st. which is a 4 unit building. Buy all 3 and have over a $60,000 per year net income! Seller is motivated and would put a nice deal together for the package. Call Doug with any questions. Selling agent also has a lender to lend on these types of properties.
Location
State PA
County Montgomery
Area Norristown Boro (10613)
Zoning R2
Rooms
Other Rooms Primary Bedroom
Basement Full, Unfinished
Interior
Hot Water Natural Gas
Heating Gas
Cooling None
Fireplace N
Heat Source Natural Gas
Laundry None
Exterior
Waterfront N
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
New Construction N
Schools
High Schools Norristown Area
School District Norristown Area
Others
Tax ID 13-00-29584-004
Ownership Fee Simple
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Bought with Austin D Moyer • Coldwell Banker Hearthside Realtors-Collegeville