816 W Elm St, Norristown, PA 19401

Duplex investment property for sale! Positive cash flow row-home in the west end of town. Purchase and run it as is, or make improvements for possible higher rents. Check the numbers below for investor information and details on a 8% cap rate. Current long-term property owner is retiring. Large 1BR on the first floor with full kitchen, full bath, access to fenced-in backyard, and basement for storage with tall ceilings. The living room has lots of natural light. Fully carpeted and very cozy. First floor rents for $850 per month with 6 months remaining on the lease. Upstairs is a 3BR on the second and third levels with another full bath. Full eat in kitchen and separate living room on the second floor. Upstairs rent is $1,200 per month. Tenants are month-to-month with no long term lease, and the potential for higher rents. This home is located in a prime location on the west end of town, it is within walking distance to the train station, local shopping stores, parks, and local eateries. It is only a few minutes drive to major highways and even more shopping and entertainment in King of Prussia. This is a great investment opportunity. Licensed duplex was inspected and approved by Norristown Code last year. Annual Rents are currently $24,600 Expenses are $7,100 Net Income is $17,500 based on current rents. Here are the detailed expenses: $4,500 Real Estate taxes and Trash $635 Insurance $945 Water & Sewer $150 Borough License Fee $870 Pest Control, Snow removal, annual Heater maint. etc.