202 Forest Ave, Norristown, PA 19401

Welcome to 202 Forrest Ave. Situated in Norristown a few blocks off of Main Street and Route 202. Currently leased out for $1,680/month with a section 8 tenant. This 3 Story brick home has a massive lot & backyard with the possibility of adding a rear-off street parking space or garage (14 Ft X 150 Ft LOT). This property has public water & sewer, an enclosed porch front, newer vinyl windows throughout, updated kitchen w/ shaker cabinets, granite counter-tops, and stainless-steel appliances. Off the rear of the kitchen is a laundry room with a matching Samsung Washer/Dryer Set & small powder room. The large living room has original refinished hardwood floors. Upstairs you will find 5 large bedrooms (4 have carpet/1 laminated hardwood floor), each room has a ceiling fan fixture, the entire house is heated with radiant baseboard heat. There is a large 3 piece bathroom, which has a tub/shower. This is a large house which is rent stabilized and very profitable - (5BR/1.5 Baths). The mechanicals in the basement are in good condition; gas furnace & hot water heater, 100 AMP electric service and panel, bone dry foundation and solid joists. Taxes are very low: $3,252 (2022), insurance is reasonable providing you a solid cap rate of roughly 10%. The property does need some repairs but is in relatively good condition. This is a great addition to a rental portfolio. Selling AS-IS with the current tenants. 24 hours notice required for showings. Offered at $159,900. Tenants phone number provided in the listing details please confirm with her.