Investment Opportunity in Norristown!
🔑 Features:

1st Floor Unit: One bedroom, one bath
Lease Expires: 9/24
Monthly Rent: $1,075
Recent Upgrades: New vanity, toilet, flooring, and faucet in the bathroom; new stainless steel gas stove, new stainless steel refrigerator
Additional Features: New hot water heater
2nd Floor Unit: Three bedrooms, one bath
Lease Expires: 1/25
Recent Upgrades: New carpets with pet-proof underlayment, new refrigerator, and 5 burner oven
Additional Features: Replaced boiler water pump, all exterior boiler plumbing

Common Upgrades: New backyard fence, patch, repair, roof coating on all roofs. Brick spalling completed with water-resistant mortar. Backyard can be used as off street parking and has a patio. Outdoor access storage closet.

💼 Investment Insights:

Well-maintained duplex with reliable, long term tenants (Unit 1 since 2017, Unit 2 since 2010)
Solid rental income with significant room for growth, especially in Unit 2
10% CAP Rate
Recent upgrades are durable, lasting, and reduce maintenance costs
Favorable lease expiration dates for flexibility

🔗 Additional Details:

Ideal for investors looking to add to their portfolio or owner occupied
Convenient location with access to amenities and transportation including the 90 and 131 bus lines across the street.
Turnkey property with recent improvements

Don't miss out on this prime investment opportunity in Norristown! Contact us today to schedule a viewing and explore the potential returns on this well-maintained duplex.